CNH Industrial

Sustainably solving the food shortages of the future

Smart Farming

<div>
 
 Based in Greece, Augmenta develops precision agriculture solutions by combining sensor, satellite, and drone technologies with AI and machine learning software to produce its Augmeta System, an integrated precision farming system consisting of Augmenta Field Analyzer hardware, in-cabin application interface, and a web platform[SAA1].
 
 
 
 
 Augmenta Field Analyzer provides variable-rate application automation of crop inputs, and allows farmers to make precise decisions with agriculture operations such as field analysis and fleet monitoring. The hardware device, which is fitted onto tractors, scans and analyzes crops as the tractor moves across a field. The web platform provides crop health information, crop input statistics, and crop images, enabling real-time monitoring. The hardware is priced at USD 12,000 and [SAA2] affords farmers unlimited access to Augmenta&rsquo;s basic monitoring platform. Premium services are charged at USD 1&ndash;4 per acre per year.
 
 
 
 
 According to the company, its product can be implemented across various crop types such as barley, cotton, corn, canola, rice, soybean, and sugarcane. As of April 2021, the company operated in 16 countries across North America, the UK, the EU, Australia, and South Africa. As of April 2022, the company claims that customers have used the product across more than 121,583 acres and it has helped increase their income by USD 926,000. Augmenta also claims that its Field Analyzer has provided significant input reduction for broadacre crops with 9% savings on nitrogen and 15% savings on plant growth regulators[SAA3] ) as well as an average yield increase of 2%.&nbsp;
 
 
 
 
 To further expand distribution of its solution across the US, Augmenta partnered with one the largest US-based dealers in agriculture and construction equipment, Titan Machinery, 
 <a href="https://sp-edge.com/updates/9769">
 in April 2022
 </a>
 .
 
 
 
 
 <a href="https://sp-edge.com/updates/3511">
 In April 2021
 </a>
 , Augmenta raised USD 8 million in a Series A funding round led by CNH Industrial and Pymwymic. The company expects to use the funds to expand the reach of its product and build a global distribution network.
 
 
 
 In 
 <a href="https://sp-edge.com/updates/17034">
 March 2023
 </a>
 , the company was acquired by CNH Industrial, a leading manufacturer of agriculture and industrial equipment and commercial vehicles to accelerate the growth of their Sense &amp; Act technology at an enterprise value of USD 110 million, subject to customary adjustments. 
 
</div>

Stout Industrial Technology is an AI company that helps growers automate labor-intensive field work such as weeding. Smart Cultivator, the company's product, is an AI-powered in-row weeder for various organic and conventional crops such as lettuce, broccoli, cauliflower, cabbage, and kale that uses mechanical actuation to remove weeds without the use of chemicals. According to the company, each machine can cultivate 1–2 acres per hour with one tractor operator.The Smart Cultivator combines a patented, agriculturally proven mechanical platform with Stout True Vision technology to eliminate weeds and cultivate the ground in a single pass. It reduces reliance on labor and chemical inputs while improving farming practices. Stout True Vision cameras capture high-resolution color images that are then processed by a convolutional neural network.In <a href="https://sp-edge.com/updates/20727">August 2023</a>, The company has appointed Lance Portman as its CEO. The company has also appointed Ryan Mazzuca as its new business development director.Funding and financialsCNH Industrial, a manufacturer of agricultural and industrial equipment, acquired a 10% minority stake in Stout Industrial Technology in <a href="https://sp-edge.com/updates/15238">December 2022</a>. CNH Industrial had plans to improve its See &amp; Act machine learning capabilities as a result of the investment. Stout machines would be distributed through CNH Industrial's New Holland dealer network.

Advanced Farm Technologies is a California-based smart farming startup that offers autonomous robotic technology to farmers using a robotics-as-a-service model. The company’s first robot “TX Robotic Strawberry Harvester” was commercialized in 2019 targeting strawberry farmers. The company reports that it was the first to commercialize robotic strawberry harvesting with some of the leading strawberry growers such as GoodFarms, The Oppenheimer Group (Oppy), and Naturipe. The robots are built with its proprietary technology platform called the “T-6 Platform,” specifically designed for harvesting crops in soil-planted beds.The robots are designed to work alongside manual harvesters and use AI, machine learning, and gripper technology to automatically sense and pick ripe fruit from in-soil strawberry beds. According to the company, its robots can be used outdoors and can withstand any in-soil conditions to work autonomously for up to 24 hours a day.Key customers and partnershipsIn October 2023, Advanced Farm Technologies has partnered with <a href="https://www.csrwire.com/press_releases/786656-cnh-expands-high-tech-harvesting-stake-investment-advanced-farm-technologies">CNH Industrial</a>, a leading manufacturer of agriculture and industrial equipment and commercial vehicles to accelerate industry and ecosystem innovation by collaborating across R&amp;D and commercialization.Funding and financialsIn <a href="https://sp-edge.com/updates/5617">September 2021</a>, Advanced Farms raised USD 25 million in a Series B funding round led by Catapult Ventures. The funds are expected to be directed toward developing its fruit picking robotic technology, scaling its team, and expanding to new areas such as apple harvesting. The company has also received funds from global farm equipment manufacturers such as Kubota and Yamaha.

Technologies and processes that revolutionize the traditional construction industry

Construction Tech

Gearflow is a digital marketplace platform focused on modernizing the heavy equipment parts industry, particularly in the construction sector. The company's platform addresses the inefficiencies in the traditional parts procurement process by offering a tailored ecommerce solution for buyers and sellers in this specialized market. Gearflow's marketplace features branded storefronts, search and discovery tools, and checkout and payment capabilities. The platform aims to increase sales and reduce selling costs for parts suppliers while providing customers with greater selection, availability, lower prices, and faster fulfillment. By streamlining the parts procurement process, Gearflow helps reduce costly job-site downtime for contractors. The company's initial focus is on the construction parts market, estimated to be worth USD 20-25 billion in the US alone as of 2021. Gearflow's approach is designed to integrate with existing supply chain relationships, strengthening connections between suppliers and customers rather than replacing them. The platform was replatformed and relaunched in 2020 with a focus on addressing the productivity challenges in the construction industry.

Opifex LLC, founded in 2018 and headquartered in Austin, Texas, is a construction equipment rental company that serves the industrial, infrastructure, sports, and commercial building construction markets. The company offers a wide range of equipment, including excavators, generators, scissor lifts, and more, with a fleet comprising over 1,500 machines from leading brands such as John Deere, JLG, and Case Construction. Opifex also provides general jobsite supplies and materials, supported by a robust delivery system and warehousing capabilities. The company's service department is designed to ensure rapid response times and minimize equipment downtime for customers. In addition to rentals, Opifex is a dealer for aerial lift brands, particularly JLG, and offers sales and support for the entire JLG product line. The company also sells "like new" equipment from various earthwork manufacturers. Opifex experienced rapid growth since its inception, with revenues increasing from USD 500,000 in 2018 to approximately USD 11 million in 2021, and projections of reaching USD 25 million in 2022. As of July 2022, the company's fleet was valued at over USD 50 million in assets. Opifex distinguishes itself through its commitment to customer service, maintaining a 60-minute response time for service calls, and its status as the only minority-owned (Black HUB / MBE / DBE) construction equipment rental company operating at scale in Texas. In 2022, Opifex secured USD 65 million in debt financing to expand its operations and fleet size, with plans to enter the Dallas and Houston markets.

Using online platforms, autonomy, electric and fuel-cell tech solutions to shape the future of trucking.

Truck Industry Tech

<div>
 
 Nikola Motor Company (Nikola), listed on the Nasdaq since June 2020, offers battery-electric (BEV) and hydrogen fuel cell-electric (FCEV) heavy-duty trucks and charging and fueling stations for BEV and FCEV trucks. Its key offerings include&nbsp;
 
 
 1)
 &ldquo;Nikola Tre&rdquo; BEV: 
 A battery-powered electric Class 8 truck. It can travel at speeds of up to 70 mph and has a range of 300 mi. The company 
 <a href="https://sp-edge.com/updates/9351">
 commenced series production
 </a>
 of Nikola Tre BEVs in March 2022, recalled/revamped tech, and started deliveries of &ldquo;Tre 2.0&rdquo; BEV in Q1 2024.
 
 
 2)
 &ldquo;Nikola Tre&rdquo; FCEV:
 A hydrogen-powered electric Class 8 truck. It can travel at speeds of up to 70 mph and has a range of up to 500 mi. The company commenced the series production of its FCEV truck in September 2023 and had delivered 40 FCEVs to wholesale as of April 2024.
 
 
 3) 
 &ldquo;HYLA&rdquo; fueling stations: 
 Hyla branded modular and permanent hydrogen fuel stations for commercial vehicles in the US and Canada. As of June 2024, the company operated three stations (two in the US and one in Canada), with plans to launch up to 60 stations in the future.
 
 
 Nikola has manufacturing facilities in Coolidge (Arizona) and Ulm (Germany; a JV with Italian alternative fuel-powered vehicle manufacturer IVECO).
 
 
 Nikola acquired the battery supplier Romeo Power to accelerate its battery pack production 
 <a href="https://sp-edge.com/updates/11987">
 in August 2022;
 </a>
 but started liquidating its assets 
 <a href="https://sp-edge.com/updates/19845">
 in July 2023
 </a>
 due to increased costs of battery production.&nbsp;
 
 
 Nikola was listed on the Nasdaq in June 2020 by merging with a special purpose acquisition company (SPAC), valuing the combined entity at USD 3.3 billion. The company reported revenue of USD 35.8 million and an operating loss of USD 649.8 million for the year ended December 2023.&nbsp;
 
 
 Key customers and partnerships
 
 
 Nikola&rsquo;s BEV customers include 
 <a href="https://sp-edge.com/updates/3396">
 Total Transportation,
 </a>
 Hamburg Port Authority, Tri-Eagles Sales, 
 <a href="https://sp-edge.com/updates/7501">
 Heniff Transportation Systems,
 </a>
 
 <a href="https://sp-edge.com/updates/7586">
 USA Truck,
 </a>
 
 <a href="https://sp-edge.com/updates/7611">
 Saia,
 </a>
 
 <a href="https://sp-edge.com/updates/7754">
 Covenant Logistics,
 </a>
 Wegmans, Arizona Lithium, Univar Solutions, 
 <a href="https://sp-edge.com/updates/11001">
 Walmart,
 </a>
 
 <a href="https://sp-edge.com/updates/14210">
 Zeem Solutions,
 </a>
 
 <a href="https://sp-edge.com/updates/20702">
 J.B. Hunt,
 </a>
 and 
 <a href="https://sp-edge.com/updates/17991">
 Alberta Motor Transport Association.
 </a>
 FCEV customers include 
 <a href="https://sp-edge.com/updates/10190">
 AB InBev,
 </a>
 
 <a href="https://sp-edge.com/updates/3396">
 Total Transportation,
 </a>
 
 <a href="https://sp-edge.com/updates/6031">
 PGT Trucking,
 </a>
 
 <a href="https://sp-edge.com/updates/7754">
 Covenant Logistics,
 </a>
 Biagi Brothers, 
 <a href="https://sp-edge.com/updates/15365?industryIds=47">
 Plug Power,
 </a>
 
 <a href="https://sp-edge.com/updates/20100">
 BayoTech,
 </a>
 
 <a href="https://sp-edge.com/updates/20702">
 J.B. Hunt,
 </a>
 
 <a href="https://sp-edge.com/updates/27407">
 IMC,
 </a>
 
 <a href="https://sp-edge.com/updates/29630">
 AiLO Logistics,
 </a>
 and 
 <a href="https://sp-edge.com/updates/17991">
 Alberta Motor Transport Association.
 </a>
 The company is also qualified for the California&rsquo;s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project 
 <a href="https://sp-edge.com/updates/7788">
 (HVIP)
 </a>
 and the New York Truck Voucher Incentive Program 
 <a href="https://sp-edge.com/updates/11003">
 (NYTVIP)
 </a>
 encouraging purchases.
 
 
 Its product partnerships to develop electric trucks include 1) autonomous truck manufacturer Plus to integrate an autonomous advanced driver assistance system into its Nikola Tre BEVs and hydrogen-electric vehicles (
 <a href="https://sp-edge.com/updates/16590">
 February 2023)
 </a>
 ; 2) German multinational engineering and technology company Bosch to license the latter&rsquo;s technology for hydrogen fuel-cell power modules 
 <a href="https://sp-edge.com/updates/5295">
 (September 2021
 </a>
 and 
 <a href="https://sp-edge.com/updates/20351">
 July 2023)
 </a>
 ; and 3) German tech company ZF Group to integrate the ZF&rsquo;s safety and driving assistance technologies into Nikola's trucks 
 <a href="https://sp-edge.com/updates/25633">
 (January 2024).
 </a>
 
 
 The company also has partnerships to to strengthen its hydrogen refueling and EV charging ecosystem, with major partnerships being with renewable natural gas and fueling and charging infrastructure providers such as Travel Centers of America (April 2022), E.ON (a JV; 
 <a href="https://sp-edge.com/updates/13114">
 September 2022),
 </a>
 KeyState Natural Gas Synthesis 
 <a href="https://sp-edge.com/updates/14147">
 (October 2022),
 </a>
 ChargePoint 
 <a href="https://sp-edge.com/updates/14376">
 (November 2022),
 </a>
 and BayoTech 
 <a href="https://sp-edge.com/updates/20100">
 (July 2023)
 </a>
 . 
 <a href="https://sp-edge.com/updates/15365?industryIds=47">
 Plug Power
 </a>
 is also to supply 100 metric tons of hydrogen per day to Nikola, in exchange for FCEVs. 
 
</div>

Hydrogen Economy

<div>
 
 Nikola Motor Company (Nikola), which has been listed on the NASDAQ since June 2020, develops heavy-duty battery-electric and hydrogen-electric trucks. Its &ldquo;Nikola Tre&rdquo; semi-truck and &ldquo;Nikola Badger&rdquo; pickup truck are available in both hydrogen fuel cell electric vehicle (FCEV) and battery electric vehicle (BEV) versions. Its other semi-truck, &ldquo;Nikola Two,&rdquo; is configured as an FCEV only. Bosch and PowerCell AB provide the fuel cells for Nikola&rsquo;s trucks.&nbsp;
 
 
 The Nikola Tre FCEV model, aimed at medium- and long-haul trucking (300&ndash;500 miles per day), began alpha testing in February 2022. The company began series production in 
 <a href="https://sp-edge.com/updates/23281">
 July 2023
 </a>
 , with the official commercial launch in September 2023. In February 2024, Nikola announced that it would be the first commercial vehicle company in North America to integrate what3words, a precise location technology, into its Class 8 trucks in 2024.
 
 
 In 
 <a href="https://sp-edge.com/updates/15793">
 January 2023
 </a>
 , Nikola announced the launch of mobile hydrogen fueling stations to refuel FCEVs. In 
 <a href="https://sp-edge.com/updates/26470">
 February 2024
 </a>
 , the company launched its first HYLA hydrogen fueling station in Southern California for Class 8 trucks, with HYLA stations capable of fueling up to 40 hydrogen fuel cell electric Class 8 trucks per day. Nikola plans to build a network of up to 60 stations by 2026, consisting of HYLA stations, customer-owned stations, and partner stations (such as FirstElement Fuel&rsquo;s station in Oakland).&nbsp;
 
 
 The company is headquartered in Phoenix, Arizona and has a manufacturing facility in 
 <a href="https://sp-edge.com/updates/20771">
 Coolidge, Arizona
 </a>
 . In May 2023, the Iveco Group took full ownership of the joint venture in Ulm, Germany (which started in 2019), and will continue to develop vehicle control software for the jointly developed BEV and FCEV. Nikola will receive the IVECO S-Way technology license for North America and gain joint ownership of the jointly developed Generation 1 eAxles technology.
 
 
 Nikola acquired battery supplier Romeo Power in August 2022 to accelerate its battery pack production but began liquidating its assets in July 2023 due to rising battery production costs. A month later, the company recalled 209 Tre BEVs because battery packs supplied by Romeo Power were causing underhood fires. Also in July 2023, Fortescue Future Industries (FFI) agreed to acquire Nikola&rsquo;s green hydrogen project, the Phoenix Hydrogen Hub (PHH), in order to fully develop it following their initial agreement in January 2023. The parties are working toward a hydrogen supply agreement to support Nikola&rsquo;s Class 8 trucks.
 
 
 Key customers and partnerships
 
 
 Nikola has received orders from several companies for FCEV trucks, including such as 1) letter of intent with Total Transportation for 70 units, 2) 
 <a href="https://sp-edge.com/updates/6036">
 PGT Trucking
 </a>
 for 100 units, 3) 
 <a href="https://sp-edge.com/updates/7719">
 Covenant Logistics Group
 </a>
 for 40 units, 3) 
 <a href="https://sp-edge.com/updates/15372">
 Plug Power
 </a>
 for 75 units, 4) 
 <a href="https://sp-edge.com/updates/18208">
 AJR Trucking
 </a>
 for 50 units, 5) J.B. Hunt for 3 units, and 6) IMC Logistics for 50 units.
 
 
 The company has several dealer locations in the Southeast, Midwest, and Northeast regions of the US, with RIG360 and Quinn Company being notable dealers. In September 2023, Nikola expanded its dealer network to Canada in partnership with ITD Industries.&nbsp;
 
 
 In January 2022, Nikola 
 <a href="https://sp-edge.com/updates/7959">
 signed an agreement
 </a>
 with Corcentric Fleet Funding Solutions, a leasing and financial solutions provider, to finance the sale of Nikola Tre Class 8 BEVs and Nikola Tre FCEVs.&nbsp;
 
 
 Nikola has also entered into several partnerships to develop hydrogen infrastructure to support the supply of hydrogen fuel for its trucks. In September 2021, the company signed an MoU with OPAL Fuels, a provider of renewable natural gas (RNG), to jointly develop and commercialize hydrogen fueling infrastructure, and in October 2021, it partnered with TC Energy Corporation, a Canadian energy infrastructure company, to build and operate large-scale hydrogen hubs in North America. In September 2022, Nikola entered into a 
 <a href="https://sp-edge.com/updates/13113">
 joint venture
 </a>
 with E.ON, a Germany-based energy network and infrastructure operator, to strengthen its hydrogen refueling ecosystem across Europe. In November 2022, Nikola collaborated with 
 <a href="https://sp-edge.com/updates/14146">
 KeyState
 </a>
 , a green hydrogen producer, to purchase 100 metric tons of hydrogen per day, to fuel 2,500 Nikola Tre FCEVs. In March 2023, the company partnered with Klean Industries, to convert Klean&rsquo;s logistics partners&rsquo; truck fleet to Nikola Class 8 vehicles, while Nikola evaluates off-take opportunities from green hydrogen projects being developed by Klean and its partners. In May 2023, Nikola partnered with 
 <a href="https://sp-edge.com/updates/18208">
 Voltera
 </a>
 , an EV charging infrastructure provider, to deploy 50 hydrogen fueling stations across North America over the next five years. In July 2023, Nikola partnered with 
 <a href="https://sp-edge.com/updates/20223">
 BayoTech
 </a>
 to strengthen its hydrogen refueling and EV charging ecosystem.&nbsp;
 
 
 In July 2023, the company partnered with 
 <a href="https://sp-edge.com/updates/20352">
 Bosch
 </a>
 to obtain fuel-cell power modules for its Nikola Tre Class 8 FCEV trucks.
 
 
 Funding and financials
 
 
 In June 2020, Nikola was listed on the NASDAQ through a special purpose acquisition company (SPAC) deal, valuing the company at USD 3.3 billion. The company reported revenues of USD 35.8 million and a net loss of USD 966.3 million in 2023.&nbsp;
 
 
 In 
 <a href="https://sp-edge.com/updates/10072">
 May 2022
 </a>
 , Nikola received a USD 200 million investment from Antara Capital LP through the sale of convertible senior notes to scale truck production and tooling setup, accelerate the hydrogen infrastructure development, and for general corporate expenses. In 
 <a href="https://sp-edge.com/updates/17977">
 March 2023
 </a>
 , Nikola announced that it plans to raise USD 100 million through a secondary stock offering to the public, to be used for working capital needs and other general corporate purposes. Subsequently, in 
 <a href="https://sp-edge.com/updates/19876">
 July 2023
 </a>
 , the company received a USD 41.9 million grant from the California Transportation Commission (CTC) to build six open-access, heavy-duty hydrogen fueling stations in Southern California. In 
 <a href="https://sp-edge.com/updates/20607">
 August 2023
 </a>
 , Nikola received an additional USD 16.3 million in regulatory funding to build its hydrogen fueling stations. In 
 <a href="https://sp-edge.com/updates/23030">
 October 2023
 </a>
 , the company also won USD 165 million in an arbitration case against its former executive chairman, Trevor Milton. In December 2023, the company sought to raise funds by selling 133.3 million new shares and issuing USD 175 million in new debt to fund its August truck recall, expand its hydrogen fuel cell electric truck business, and commercialize its FCEVs.
 
</div>

Electrifying passenger and commercial travel

EV Economy

<div>
 
 Nikola Motor Company develops battery-electric (BEV) and hydrogen fuel cell electric (FCEV) heavy-duty trucks, with plans to develop autonomous trucks in the future. The company&rsquo;s flagship electric semi-truck model Nikola Tre has a range of up to 350 miles. The company offers the option of both leasing and purchasing the truck outright. Nikola also offers an FCEV variant of Nikola Tre and an FCEV-only model Nikola Two.&nbsp;
 
 
 Nikola started delivering Nikola Tre BEV pilot trucks to customers in December 2021 and began alpha testing the Nikola Tre FCEV model in February 2022. The company commenced series production of Nikola Tre BEVs in March 2022, and delivered 63 trucks by Q3 2022, with plans to produce 255&ndash;305 Nikola Tre BEVs during the year.&nbsp;
 
 
 Nikola also acquired battery supplier Romeo Power to accelerate its battery pack production in 
 <a href="https://sp-edge.com/updates/11988">
 August 2022
 </a>
 ; but started liquidating its assets in 
 <a href="https://sp-edge.com/updates/19930">
 July 2023
 </a>
 due to increased costs of battery production.
 
 
 Funding and financials&nbsp;
 
 
 In June 2020, Nikola was listed in NASDAQ through a special purpose acquisition company (SPAC) deal, valuing the company at USD 3.3 billion. As of June 2021, the company has been generating revenue via small scale solar installation projects. The company reported revenue of USD 95,000 and a net loss of USD 384.3 million in 2020. In 
 <a href="https://sp-edge.com/updates/10072">
 May 2022
 </a>
 , Nikola received a USD 200 million investment from Antara Capital LP through a sale of convertible senior notes to scale truck production and tooling setup, accelerate the development of hydrogen infrastructure, and for general corporate expenses.
 
 
 In 
 <a href="https://sp-edge.com/updates/17977">
 March 2023
 </a>
 , Nikola announced that it plans to raise USD 100 million through a secondary stock offering to the public, to use in meeting its working capital needs and for other general purposes.
 
</div>

Technology for a regenerative future in agriculture

Regenerative Agriculture Platforms

EarthOptics is a next-generation soil mapping and measurement company that has developed a comprehensive soil intelligence platform called SoilMapper. The company specializes in providing detailed soil data for farmers and ranchers, enabling them to make informed decisions about their land management practices. EarthOptics' technology integrates remote sensing, machine learning, and conventional soil sampling methods to create high-resolution field maps that offer insights on soil compaction, carbon content, nutrient levels, and moisture.
The company's flagship product, TillMapper, measures agricultural compaction and informs custom tillage prescriptions when combined with the SoilMapper interface. Other key technologies include CMapper for high-resolution carbon and organic content mapping, and NutrientMapper for precise elemental analysis and soil health measurement. These tools provide detailed information on soil attributes such as potassium, pH, nitrogen, and phosphorus. EarthOptics also utilizes a multi-modal electromagnetic soil density measurement system called GroundOwl, which captures soil data at a rate of 16 data points per second.
As of January 2024, EarthOptics had mapped and physically measured one million acres of farmland and ranchland across four continents and 45 US states. The company was processing 10,000 physical soil samples daily and measuring and mapping 100,000 acres each month. EarthOptics had also tallied 300,000 tons of sequestered carbon, positioning itself as a leading carbon measurement company for grassland and rangeland acreage. The company's extensive data collection has allowed it to improve efficiency and reduce the number of physical samples required by a factor of five, while maintaining accuracy through its machine learning system.
EarthOptics, founded in 2018, operates with offices in Raleigh, North Carolina; Arlington and Blacksburg, Virginia; Greater Minneapolis, Minnesota; and Fayetteville, Arkansas. The company's technology aims to advance regenerative agriculture practices by providing comprehensive soil data that helps land owners reduce operational costs, nurture land sustainably, and increase carbon capture.

BemAgro offers a portfolio of solutions that combine artificial intelligence and computer vision to process data and images from drones, tractors and satellites, transforming them into recommendations that increase productivity and reduce farming costs.

Advanced Farm Technologies is a robotics company for the next frontier of farming. It offers strawberry harvesting services in the Oxnard, Santa Maria. and Watsonville areas. Its robots gently handle berries to avoid bruising and fruit damage.  Advanced Farm Technologies was founded in Davis, California in 2017.

GroundTruth Ag is a soil cloud creator specializing in sustainable agricultural management The company's technology offers insights into soil management and health as well as near real-time actionable data layers that cover the physical, chemical, and biological characteristics of the soil. This technology allows farmers to obtain accurate soil information while also offering carbon creditors low-cost, hyper-accurate verification. GroundTruth was founded in 2018 and is based in Raleigh, North Carolina.

Stout is an agriculture technology company that builds innovative solutions for farming operations that will withstand the rigors and elements of modern agriculture. First of more innovations to come, our Smart Cultivator is a fully engineered AI backed 2 in 1 cultivation and weeding machine.

Opifex is the solution for equipment rental, and job site supplies and provides the equipment and supplies needed to build.

Monarch Tractor creates fully electric, autonomous tractors designed to enhance agriculture productivity, sustainability, and safety. Monarch tractors are fully electric, which reduces reliance on fossil fuels and decreases greenhouse gas emissions, helping farmers lower their carbon footprint and achieve sustainability goals. These tractors operate autonomously, utilizing advanced sensors and machine learning to navigate fields, monitor crop health, and perform tasks without human intervention, enabling precision farming. Equipped with sensors that collect data on crop health, soil conditions, and other variables, Monarch tractors analyze this data to provide farmers with actionable insights for optimizing their farming practices.

We are on a mission to simplify the parts ordering process for heavy equipment fleets by providing better parts supplier access, communication, and reporting, in one easy-to-use platform.

Augmenta started its operations at the start of 2017, in Athens, Greece, by George Varvarelis and Dimitris Evangelopoulos, both farmers and embedded systems engineers and offers an Artificial Intelligence based solution comprised of a hardware device and a web platform, to any farmer, anywhere in the world that wants to have the best possible efficiency for every inch of his land and ultimately increase his seasonal net income. Augmenta’s “Field Analyzer”, is a plug and play device that can be attached to any tractor and can determine the amount of fertilizers, fungicides and pesticides that every inch of the farm needs to reach to its full potential, all in real-time. Furthermore, Field Analyzer is capable of controlling agricultural machinery (e.g. fertilizer spreaders) also in real-time, applying the optimal amount of chemicals into every inch of the farm completely automatically and without the farmer lifting a finger. Finally, the farmer can use Augmenta’s field-viewer, the company’s easy to use web platform, to observe the progression of his field through visual data analytics which help him keep track of the results of Augmenta’s real time operation but also assist him on making data-driven, customized decisions for the future, in a farm level scale and not in a generic geographical (county or even state/country) level scale which is the norm today. Augmenta has completed successfully 2 years of pilots, in 24 fields having staggering results and is currently conducting data-based pilots with food companies like Barilla and partnered with NVIDIA for the development of its cutting edge deep learning device.

Geoprospectors develops and assembles robust and motorized measuring systems for the detailed investigation and evaluation of various soil structures.

Nikola Motor Company is an electric vehicle manufacturer that develops hydrogen fuel cells, battery electric trucks, and energy solutions. Nikola Motor Company aims to transform and disrupt the transportation industry globally. The company gained attention for its plans to revolutionize the trucking industry with electric and hydrogen fuel cell technologies. Nikola initially focused on developing zero-emission hydrogen fuel cell trucks to offer long-haul commercial vehicles ranging up to 1,200 miles. They also had plans for building hydrogen refueling infrastructure to support their vehicles.

CNH Industrial is a capital goods company that designs, produces, and sells agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles. It is present in all major markets and is focused on expanding its presence in high-growth markets, including through joint ventures.

<div> CNH Industrial is a capital goods company that designs, produces and sells agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles. It is present in all major markets worldwide and is focused on expanding its presence in high-growth markets, including through joint ventures. CNH Industrial was founded in 2013. </div>

CNH Industrial lowers profit forecast on slow farming products demand

Start-ups providing smart machinery such as agricultural robots and autonomous tractors, as well as other smart hardware devices for crop and livestock management.

Operators of marketplaces connecting farmers, suppliers, buyers, experts and advisors to streamline the farming process.

Start-ups offering software and related hardware solutions for crop operation, crop modelling, weather forecasting, soil analysis, and overall irrigation management using sensors, big data, AI and machine learning.

Startups offering software and related hardware solutions that facilitate real time data tracking and sharing on animal weight, future weight forecasts, and animal health and behavioural analysis using RFID tags, sensors, big data, AI and machine learning.

Start-ups offering drone or satellite imagery to measure and monitor fields, spray pesticides, accurately present biological parameters, control the quality of sowing, etc.

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 
 CropX, an analytics firm for agriculture, teamed up with CNH Industrial, a top-tier manufacturer of farm and industrial equipment. Together, they plan to launch a new application programming interface connection.
 This interface seamlessly integrates CropX’s farm management system with CNH's agriculture machinery. It automates the process of data sharing from CNH machinery to CropX, thus enabling data visualization, record maintenance, planning, and the implementation of variable-rate applications.
 The partnering firms believe that better data connectivity will enhance farm operations. The easier it becomes for farmers to use data within CropX's system, the higher the potential for increased productivity and sustainability.
 
</div>

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