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Earth Rover
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https://goparity.com/projects/earth-rover-193

Earth Rover

Farmer robots that do not use chemicals or damage the soil.
Investment overview
Impact category
agrifood_systems
Investment type
loan
Yearly interest
5
%
Term
12
months
Risk level
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https://goparity.com/projects/earth-rover-193

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Promoter

What will you be financing?

Earth Rover robots help vegetable and salad farmers control weeds using targetted concentrated light energy without chemicals or damaging the soil, supporting the trend towards organic no-till farming.

Earth Rover is raising 2 million euros to expand its R&D team and to commercialise its patent-pending LightWeeding robots. This innovative project is supported by ESA - the European Space Agency, as well as UKRI - the UK Research and Innovation organization. Both these institutions have assessed and provided grants for this project in excess of 750,000€. Investors including, the asset manager MERCIA, have invested around 500.000€ in the company.

The funds raised through GoParity will be used for:

  • Expanding the R&D team.
  • Implementing the Earth Rover pilot project on vegetable fields in Spain and the UK.

The technology seems promising and has attracted the attention of innovation institutions, grant providers, early investors, and of leading organic farmers Pollybell, the first adopters of the technology.

What is the impact?

Direct 

  • Jobs creationwith the expansion of the R&D team and of the company’s operations, Earth Rover will create 30 new jobs in the next 3 years. 
  • Support the adoption of clean technologies: with the LightWeeding technology, Earth Rover allows for a reduction of up to 50% in the use of chemicals in agriculture, thus reducing damage to biodiversity.  
  • Support sustainable food productionweeding is one of the important challenges in organic food production, the solution brought by Earth Rover ensures a cheaper and more advantageous method for weeding in organic farms. At the same time, the solution improves food production productivity, since the laser weeders from Earth Rover do not damage the soil and do not result in crop loss due to mechanical weeding. 

Indirect 

  • Support to innovation and R&D: increasing research efforts for technology in agriculture has the potential to raise rural productivity and encourage innovation.

Impact indicators

CO2 avoided per year
clean energy
30
created by our projects
of sustainable
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About Adega Cooperativa Cantanhede

Direct 

  • Jobs creationwith the expansion of the R&D team and of the company’s operations, Earth Rover will create 30 new jobs in the next 3 years. 
  • Support the adoption of clean technologies: with the LightWeeding technology, Earth Rover allows for a reduction of up to 50% in the use of chemicals in agriculture, thus reducing damage to biodiversity.  
  • Support sustainable food productionweeding is one of the important challenges in organic food production, the solution brought by Earth Rover ensures a cheaper and more advantageous method for weeding in organic farms. At the same time, the solution improves food production productivity, since the laser weeders from Earth Rover do not damage the soil and do not result in crop loss due to mechanical weeding. 

Indirect 

  • Support to innovation and R&D: increasing research efforts for technology in agriculture has the potential to raise rural productivity and encourage innovation.

Promoter website

https://www.earthrover.farm/

Business Model

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