Italian startup toward opening its second plant thanks to €17.5 million received in 2023
Healthy, sustainable and environmentally friendly food, saving 98 percent water and 90 percent soil: these are the characteristics of Planet Farm, an Italian startup specializing in “vertical farming,” which has seen its earnings grow exponentially since 2019.
Located in Cevenago, Brianza, Italy, Planet Farm represents one of the most credited ideas for the food industry of the future. Luca Travaglini, one of the founders, calls it the “first real revolution in agriculture.”
A mixture of agriculture and technology that, in the words of its founders, aims not only to generate profit but, primarily, to defend an idea, an ethic: “What we are doing has an impact that goes far beyond business: we are talking about food access, food security, consumption and water quality.”
An innovative reality, parallel to the traditional agricultural world that stands as a true innovation, for space and consumption.
“The world’s population is increasing dramatically, and it will be necessary to run for cover: food production must be increased and, right now, useful space is decreasing. Vertical farming solves this issue.”
Unicredit is marrying Planet Farm’s project and offering a 17.5 million euro loan to facilitate the opening of the new plant in Cirimido, near Como. Work has begun and, according to the founders, it will have a larger footprint than the previous facility.
Photo : Pexels
Author : Alessandro Volpe