AeroFarms
Newark, United States · Operator: AeroFarms, Inc.
Overview
A Newark, NJ pioneer of indoor vertical farming; after a failed 2021 SPAC listing it ran short of capital and filed Chapter 11 in 2023.
Citizen participation
Consumers only bought packaged produce at retail; no public participation in growing.
Operating model
Commercial B2B/B2C model mass-producing leafy greens and microgreens in indoor vertical racks for retail.
Impact
Heavy capex and high operating costs outran fundraising; only $3.6M unrestricted cash remained at filing. Industry and capital-market headwinds forced bankruptcy and drastic downsizing. Lesson: capital-intensive vertical farms can run out of cash before reaching profitability.
Crops
- leafy greens
- microgreens
Scale
Filed Chapter 11 in June 2023; the entity became 'AF Liquidation, Inc.' and downsized its Newark operations drastically
In the media（1）
Web articles and features that cover this case.
Sources（1）
This entry is compiled from the public sources, official sites and research below.
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