Revol Greens raises $68 million to construct a third lettuce greenhouse facility in Texas

September 28, 2020
Very important

With the additional production capacity enabled by the funding, Revol will become the U.S.'s largest indoor lettuce producer, with production greenhouses in Minnesota, California, and Texas. Its facilities utilize controlled-environment pond production systems paired with natural sunlight supplemented with LED lighting when needed and partial automation for seeding and harvesting. Greenhouse facilities continue to experience growth, while vertical farming and other hydroponic systems bring added competition. Greenhouses lead in production capacity at this point, but a clear winner in the indoor production of greens is unclear. Clients, while the winner is unclear, demands (e.g., seeds, media, monitoring systems) are a growing opportunity.

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