The AeroFarms Opportunity
Innovating Vertical Farming at Scale for 15 Years
Understanding how innovation in vertical farming scales is important. Since its founding in 2004, AeroFarms has differentiated
from the industry, proving its technology, testing innovation and evolving its design through five generations of farm models.
Model 1
Model 1 farm launches
with first leafy
greens sales
2004
AEROFARMS®
2013
Technology update
Refines and optimizes
technology for
commercial use
Large-scale farming
Builds world's largest vertical
farm in Newark (including
automated components) and
begins large-scale farming
2016
2019
Improvements
Improves grow towers
and innovates in numerous
ancillary equipment
around the farm to reduce
costs and improve major
KPIs
New Projects
Achieves major KPIs at scale
and announces new projects
in Abu Dhabi and Jersey City
2020
Representative rendering of AgX facility in Abu
Dhabi; completed facility may be different
Representative farm rollout map; more
detail on Page 27
2021 and beyond
Scale and
Development
Construct additional
facilities around the world
and introduce Model 5 and
future generations of the
farm model, expanding
scale and improving farm-
level unit economics
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