Kilometro Verde Spa, which was built and inaugurated in May 2023, based in Verolanuova, Italy, focuses on acquisitions and opening up capital to third parties to grow and develop its business, including abroad.
Giuseppe Battagliola, founder and main shareholder of the startup in which, in February 2023, Ismea (Institute of Services for the Agricultural and Food Market) invested 6 million euros, declared this to Il Corriere della Sera. The manager controls a large majority in Kilometro Verde (personally 2.88% and, through Altavista sas, 66.82%) while Ismea owns 30.3%.
"We have two projects," said the entrepreneur. "The first is a joint venture with a large distribution chain or, in general, a synergic partner, we already have contacts. The second is the consolidation of Kilometro Verde," through a plan that includes growth through acquisitions.
"We want to create other vertical farms , at least two: one in Europe by the second half of 2025 and one in the United Arab Emirates or the United States in 2026-27," continued Battagliola, whose company entered the Elite program of Borsa Italiana in May 2024 , an ecosystem that helps small and medium-sized businesses grow and access private and public capital markets, which was launched in 2012 and is now part of the Euronext Group.
Read more at: born2invest.com