Ocado has put a total of £17m ($21.5m) into vertical farming through two deals. The UK-based online supermarket will take a majority stake in Europe's largest vertical farming operation, Jones Food Company, which has a 5,000 sq m production site in Scunthorpe. It has also entered a three-way joint venture called Infinite Acres with 80 Acre Farms, a US company that claims to be the world’s first fully automated indoor farm, and Priva Holdings, a Dutch firm which sells equipment and software for horticulture, to create technology solutions for companies in the fast-growing vertical farming industry. Ocado also plans to construct vertical farms near its own distribution and technology locations. Additionally, the supermarket will enter a joint venture with 80 Acres Farms and Priva Holdings to develop technology solutions for vertical farming. In addition to these investments, Ocado's other investments include an investment in the UK's first commercial rooftop solar farm, located at the University of Warwick.
Ocado has put a total of £17m ($21.5m) into vertical farming through two deals. The UK-based online supermarket will take a majority stake in Europe's largest vertical farming operation, Jones Food Company, which has a 5,000 sq m production site in Scunthorpe. Ocado also plans to construct vertical farms near its own distribution and technology locations. Additionally, the supermarket will enter a joint venture with 80 Acres Farms and Priva Holdings to develop technology solutions for vertical farming. In addition to these investments, Ocado's other investments include an investment in the UK's first commercial rooftop solar farm, located at the University of Warwick.