AeroFarms is perhaps the original indoor vertical farming company of the modern age, having been founded over 17 years ago in 2004. AeroFarms claims to achieve up to 390 times greater efficiency of production per square foot annually versus traditional field farming.
AeroFarms was founded by David Rosenberg, Ed Harwood, and Marc Oshima in 2004. David Rosenberg currently serves as Chief Executive Officer of the company. Marc Oshima serves as Chief Marketing Officer. Final founder Ed Harwood passed away in July of 2021. He had invented the original concept of AeroFarms technology in 2004, and from 2004 to 2009 the company was referred to as Great Veggies. The company was subsequently rebranded as AeroFarms in 2009.
AeroFarms is one of the first private vertical farming companies to have gone public, which occurred in 2021. The $317 million dollar cash infusion valued the company at $1.2B. The stock currently trades under the ARFM ticker on the NASDAQ.
AeroFarms lists Whole Foods Market, ShopRite, Baldor Foods, Amaon Fresh, and Fresh Direct as customers. As of the beginning of 2022, the company will have about 100,000 sqaure foot of production space, which increase by about 2.3x with the opening of their most recent facility to 236,000 square feet of production space. Public records show the revenue of AeroFarms to be approximately $4M. This is equivalent to about $40 of revenue /sq ft per square foot per year. This would project the companies revenue capability to be approximately $10M upon completion of their new facility in 2022, yield improvements and other factors assumed to be unchanged.
AeroFarms' first commercial location, 30,000 square feet, was previously used as a paintball and laser tag course and is located in Ithaca, New York. Their 2nd location opened in 2016: a 70,000 facility in Newark, New Jersey. Their most recent location is located in Danville, Virginia, and is expected to open in Quarter 2 of 2022. This most recent facility is 136,000 square feet, and is branded as the "Model 5" farm, representing the 5th iteration of AeroFarms' proprietary growing system.
Are you interested to learn more about Plenty and other vertical and indoor farming companies? Be sure to join our newsletter of over 5,000 subscribers across the vertical and indoor farming industries.
To subscribe, enter your email in the form below!
This interview details GrowDirector, an indoor farming technology company based in Israel. The interview is with Dima Chernobylski, CEO and Co-Founder of GrowDirector. To learn more about GrowDirector and other indoor farming companies, click on this link!
View Full Interview
This interview details Pure Greens Container Farms, an indoor farming company based in the United States. The interview is with Taisiya Jacobson, President & Co-Founder of Pure Greens Container Farms. To learn more about Pure Greens and other indoor farming companies, click on this link!
View Full Interview
This interview details Bloemteknik, an indoor farming technology company based in the UK. The interview is with James Fleet, Co-Founder & CEO of Bloemteknik. To learn more about Bloemteknik and other indoor farming companies, click on this link!
View Full Interview
This interview details Farmitank, a company based in Spain. The interview is with Cristian Nieves, R&D Department at Farmitank. To learn more about Farmitank and other indoor farming companies, click on this link!
View Full Interview
This interview details JHS Group, a company based in the United States. The interview is with Janet Tso-Shushan, CEO of JHS Group. To learn more about JHS Group and other indoor farming companies, click on this link!
View Full Interview
This interview details Natural Resources Institute Finland (Luke), a research organization based in Finland. The interview is with Saila Karhu, Research Professor at Natural Resources Institute Finland (Luke). To learn more about Natural Resources Institute Finland (Luke) and other indoor farming companies, click on this link!
View Full Interview
This interview details The indoor growing pods at Canadore College, an indoor farming company based in Canada. The interview is with Angela Proudfoot, Project Administrator Sustainable Food & Clean Water at Canadore College.
View Full Interview
This interview details NIAB, a crop science organization based in the UK. The interview is with Ros Lloyd, Head of Communications at NIAB. To learn more about NIAB and other indoor farming companies, click on this link!
View Full Interview
This interview details Ecocool GmbH, a packaging solutions provider based in Germany. The interview is with Florian Siedenburg, General Manager of Ecocool GmbH. To learn more about Ecocool GmbH and other indoor farming companies, click on this link!
View Full Interview
This interview details Autonomous Greenhouse, an indoor farming technology company based in the Netherlands. The interview is with Silke Hemming, Head Scientific Research Team Greenhouse Technology at Wageningen University & Research. To learn more about Autonomous Greenhouse and other indoor farming companies, click on this link!
View Full Interview
.png){kind=logo}
