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
Sources（2）
This entry is compiled from the public sources, official sites and research below.
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