Together with the European Circular Bioeconomy Fund ( ECBF ) , Demeter IM , and Unigrains , RED Horticulture close a 17 million Series A backing rung to drive its growth and invest in the development of its high - performance ignition scheme .
Part of the funding come from a banking pond ( BPI , BNP Paribas , CIC , Crédit Agricole , Société Générale ) and support programs from BPI . Based in the Netherlands and France , the company has developed a active inflammation root for gamy - tech greenhouse operations .
Photobiological lead lighting solutions to reduce vim consumption in greenhousesRED Horticulture contributes to more sustainable agriculture through new light technology . Applicable to many eminent - tech greenhouse surgical procedure , RED Horticulture ’s solution is base on dynamical spectrum lead lights that on the nose activate the photoreceptors of plants in greenhouses and are control via the AI - power proprietary platform MyRED .
" Whether the end is to reduce energy using up , growth yields , shorten crop development times , or achieve outstanding product quality , By providing the correct light at the right-hand fourth dimension , growers using our inflammation scheme achieve higher production and better crop quality while saving energy resources , " the squad tell .
" In the case of studies , strawberry growers have increase yield by 35 percent and reduced the time from sowing to harvest their harvest by 20 percent . At the same fourth dimension , young works stock breeder have reduce energy uptake by up to 60 percent and achieved better crop morphology using our ignition scheme . "
ECBF leads RED Horticulture ’s 17 million growth capital funding roundFounded in 2020 , ECBF invests in thick tech company that support the changeover to a sustainable and bio - ground circular economy . With this raw investiture , the sustainability - driven fund aims to plunk for RED Horticulture ’s modern photobiological lighting strategy to make craw cultivation more efficient and reduce energy consumption in USDA .
Funding enable enquiry and growthThe capital raise will be used to evolve the high - carrying out lighting strategies together with customers and innovation partners , as well as to underpin intragroup research at the PARC , Photobiology & Agronomic Research Centre , and RED ’s agronomy mall in Nantes , France . Additionally , the Das Kapital will be used to increase the acceptance of the RED root in all turn market segment .
Louis GOLAZ , CEO , submit : " Since its validation , RED Horticulture has experience telling emergence in an intensely competitive market . We have consistently believe in the singular vantage of our dynamic lighting result , characterized by its user - friendliness , unparalleled tractableness , and unmatched scalability , which has continuously set us aside in the industry . Our late funding daily round with ECBF , Demeter , and Unigrains testifies to the continuing success of our gruelling work and unshakeable faith in our product . Made up of top - grade investor , this dealing steadfastly solidifies RED Horticulture ’s posture as the frontrunner in the flying field of dynamic horticultural lighting . "
For more information : RED solutions60 Quai Perrache69002 Lyon - FranceTel . : +33 4 87 91 24 00[email protected]www.horticulture.red
