Kalera Completes Phase One of Singapore’s First Vertical Mega-Farm

March 2, 2022 Kalera

Kalera, a leader in sustainable indoor vertical farming, has finalized phase one of construction at the Changi Logistics Centre with the completion of the core structure for the fully automated farm. The multi-layer vertical farm will allow crops to grow throughout the year in any climate, in a controlled environment that mitigates risk of pathogens and maximizes taste and texture appeal.

Kalera to Go Public on NASDAQ through Merger with Agrico Acquisition Corp.

February 11, 2022 Kalera

Another vertical farming operation revealed its plans to hit Nasdaq by way of SPAC. This week, Florida-based Kalera announced plans to merge with Agrico Acquisition Corp. in a deal that values the agtech firm at $375 million. The move comes as plenty of excitement swirls around the category, though Kalera, which currently lists on the Euronext Growth Oslo exchange, has seen a notable stock price drop over the last year.

Walmart and Plenty Partner to Lead the Future of Fresh Produce

February 4, 2022 Walmart

Walmart and Plenty Unlimited Inc. announced Walmart signed an agreement to invest in Plenty, an indoor vertical farming company, as part of their $400M Series E funding round subject to a regulatory approval. Walmart’s equity investment is part of a broader strategic partnership to utilize Plenty’s indoor vertical farming technology platform to deliver fresh produce to Walmart retail stores. As part of the investment, at closing, Walmart will also join Plenty’s Board of Directors.

Upward Farms Announces World’s Largest Indoor Vertical Farm

January 19, 2022 Upward Farms

Upward Farms announced plans to add what will be the world’s largest vertical farm to its network. The new 250,000-square-foot facility, located in Luzerne County, Pennsylvania, is slated to be complete and operational in early 2023 — providing fresh, locally sourced microgreens and sustainably raised hybrid striped bass to consumers throughout the Northeast and beyond.

Future Crops Brings Vertical Farming Closer to the Land

December 22, 2021 Future Crops, Ltd.

The challenges posed by urbanization and the gradual dwindling of arable land is driving more farming indoors. The agri-tech start-up Future Crops, Ltd. has developed the first indoor vertical farming system that grows its crops in a unique soil substrate composition, bringing this nascent farming concept closer to home and to the earth.