Cycloponics to expand organic farming facilities in French car parks9 Apr 2020
A French subterranean agriculture startup launched its first funding round last November and raised almost double the investment that was requested. When Cycloponics launched on Lita.co, a platform for investment in sustainable companies, the company hoped to raise €500,000. As of April 8, it had raised €950,800, 110% of which was from individual contributors.
This underground urban farm operates in Paris and cultivates mushrooms, strawberries, lettuce and microgreens in abandoned parking garages using hydroponic agricultural techniques. The startup launched in the French capital in 2016 with the goal of producing 30 metric tons of fruit and vegetables and 24 metric tons of mushrooms in 3,500 square meters of abandoned underground parking.
The euros received from this investment will go toward the company’s expansion as it looks to rehabilitate other abandoned urban sites for crop cultivation. Euractiv reports that Cycloponics recently won bids to expand its project into two other car parks in the 19th arrondissement of Paris.
Funds will also support an increase in vendor capabilities for the produce the company cultivates. Cycloponics delivers fresh organic produce daily with its fleet of cargo bikes. It also sells directly to restaurants and at markets.
Despite raising nearly a million euros to increase its access to abandoned real estate, Euractiv reports the company already has excess space in the abandon parking garage it has repurposed. To fill up the unused footprint, Cycloponics shares the premises with other sustainable agricultural startups, including a Norwegian fishmonger that produces Arctic sea urchins in aquariums and other hydroponic agricultural projects.
The farming startup currently operates in a space called La Caverne (The Cave) and grows its produce on the second underground level of the parking structure. Cultivation at that depth allows for plants to benefit from an autumnal-like environment year-round and limits the pests that can damage crops. It also requires techniques such as vertical farming; climactic engineering through the use of LED lights and thermal regulation; nutrient-rich hydroponic tanks that replace traditional dirt and permit denser cultivation; and the use of substrates and compost to encourage fungi growth.
According to the company website, the goal is to create nutritional hubs in urban neighborhoods to bring people closer to their food. Although Cycloponics currently only cultivates less than 4,000 square meters of space, French publication Le Monde estimates that there are 80 hectares of rooftop space and nearly 770 hectares of limestone quarry are available to be transformed into food production sites.
NZMP milk from Fonterra looks to help consumers manage stress
22 Apr 2021
Dairy producer Fonterra is looking to stem slumping milk sales by deconstructing the components of this dairy beverage and promoting its animal protein building blocks as an addition to applications catering to beauty-from-within and better-for-you tre...Read more
Plant-based bacon alternative raises $40M
21 Apr 2021
Atlast Food Co, which owns the mycelium-focused, plant-based protein brand MyEats, received $40M in a Series A round led by Viking Global Investors with participation from 40 North, AiiM Partners, Senator Investment Group, Stray Dog Capital and Footpri...Read more
Papaya waste upcycled for nutritious snack bars in Ethiopia
20 Apr 2021
Papayas have long been praised for their enzymatic content, but they are now also finding a role as a key ingredient in snack bars made locally in Ethiopia thanks to their nutritious profile and widespread availability.Read more
Pea-based tofu offers another alternative for plant-based protein
19 Apr 2021
UK-based tofu alternative manufacturer Peafu is looking to make a pea-based tofu product available to the market by 2022. Currently, the product is in the prototype phase.Read more
Protera appoints Novozymes’ Thomas Videbaek to board of directors
16 Apr 2021
AI-driven protein startup Protera appointed Novozymes senior executive Thomas Videbaek as Chair of the Board of Directors and non-executive board member.Read more
Flavor company Givaudan crowdsources flavors with its Aroma Kiosk
12 Apr 2021
Swiss flavor giant Givaudan has rolled out its Aroma Kiosk, a digital sensory tool that crowdsources flavor preferences. These kiosks are located globally in grocery and retail stores as well as universities where shoppers can interact with the technol...Read more
DSM acquires Amyris’ bio-based flavors and fragrances business
9 Apr 2021
Netherlands-based Royal DSM acquired the flavor and fragrance bio-based intermediates business of California-based Amyris in order to extend the Dutch corporation’s presence in bio-based flavor and fragrance ingredients. The transaction was completed o...Read more
‘Bread as good as veg’: Modern Baker makes bread better with science-based Superloaf
8 Apr 2021
Packing in 12 high-fibre, plant-based ingredients and no additives, Modern Baker’s Superloaf claims to be as healthy as eating vegetables, and has won the praise of ‘gut guru’, Dr Tim Spector.Read more
Vegan ingredients maker gets $11M in seed funding
7 Apr 2021
Vegan ingredient maker Nourish Ingredients received $11 million in a seed funding round led by Hong Kong billionaire Chris Liu’s Horizons Ventures and the Australian government’s Main Sequence Ventures. Horizon Ventures is known for providing early-sta...Read more
Eight million Euro project aims to bring robotic farming to Europe
2 Apr 2021
In the face of continued labor shortages on farms throughout the EU, robots have ratcheted their way up in terms of importance for farmers, but these automatic, mechanical solutions have not yet become a mainstream solution to replace this shortage. To...Read more
Are you a supplier?
Here's what we can do for you
- Generate quality leads for your business
- Stay visible for 365 days of the year
- Receive product inquiries and respond to meeting requests directly
- Improve company online presence through Search Engine Optimisation