IMEX Organics has purchased first Opollo™ 3 strawberry farms by OnePointOne and are committed to build another 12 farms by the end of 2025. This news comes in rapid succession following their partnership with California Giant Berry Farms and signals the first of many such farms and partnerships of this kind.
IMEX Organics will deliver berries to restaurants, resorts, and retailers around the world as they continue to grow and expand. The first three farms will be located in Phoenix, Arizona, adjacent to the current OnePointOne farm. Subsequent IMEX farms are planned in the United States, Europe and Asia. This comes at an important time as investors are seeing the value and benefits of vertical farming to diversify how they provide for consumers year-round while maintaining an incredible product with a smaller farm footprint and drastically higher yield in comparison to traditional farms.
Sam Bertram, OnePointOne CEO and Co-founder said, "Their success is ours and, at the heart of what we're doing and what we care about is sustainably feeding and nurturing humanity with the best products nature and science can offer delivering food that is better for the consumer and better for the planet. We've experienced a great influx of interest in these farms and are excited to share additional partnerships that are already in motion as we progress further into 2022."
The Opollo 3 system is also more advanced than other types of vertical farming (hydroponic or aquaponic, for example) driving increased quality and reducing cost to consumers. They are also the only company utilizing vertical-plane aeroponics, which allows for the highest level of end-to-end automation in the industry, which saves time, money and labor. Further, the AI components reduce waste with visual inspection and crop monitoring every step of the way. And what's more, aeroponics uses 99 percent less water than traditional farming. For a $2 million dollar investment, businesses can own their own farm, changing the way strawberries are cultivated and harvested as OnePointOne and partners seek to revolutionize how to feed a growing population with this patent pending technology.
"In our mind, strawberries are just the beginning as we disrupt conventional farming norms and redefine the future of farming," said Asad Ismail, CEO and Cofounder of IMEX Organics. "We're thrilled to join OnePointOne and California Giant Berry Farms in leading the charge to bring fresh, nutrient-dense produce to our buyers in a revolutionary way."
OnePointOne launched in 2017 and has been a trailblazer in vertical farming ever since making waves with continual advancement in technologies and efficiencies throughout their operations. To date, they have raised $60 million and are in the process of closing their Series A financing. Notable investors include: Fred Luddy, Novak Djokovic, Western Tech Investments, Blackhorn Ventures, and Santa Clara University Endowment.