Netled

Netled, the leading vertical farming technology provider in Finland and provider of Vera, a vertical farming system equipped with LED lighting, heat recovery, automation software, and horticulture intelligence features. Vera consumes 60% less energy and 95% less freshwater than alternatives

Vera comes in three versions: Instore (mid-sized, allowing a harvest of up to 300 plants each day), Compact (70,000 heads of lettuce per year), and Industrial (for large industrial farms to scale production). The company’s partners include Vertigo Farms (Poland), Salladsfabriken (Finland), and Orto Novo AB (Sweden). In February 2021, Vera entered the North American market via its partnership with Rambridge Wholesale Supply in Calgary to produce lettuce and herbs.

In July 2021, the company entered into a three-year agreement worth EUR 15 million (USD 17 million) to supply Oh My Greens, a producer of potted herbs and other fresh food products across Sweden. The contract is considered the largest turnkey technology deal in the indoor agricultural market to date. Netled is also expected to provide technical and consultancy services to Oh My Greens over the next five years as part of the contract. For Netled, the agreement expands its market presence in Sweden. The first delivery of the Vera System is expected to be completed by Q2 2022 and is estimated to be worth EUR 3.2 million. The company aims to use its decades of expertise to compete with vertical farming companies like Urban Oasis and Grönska in Sweden.

In June 2021, the company reported that it is also planning to enter the UAE market.