Chipotle Mexican Grill (NYSE: CMG) is investing in Greenfield Robotics, a Cheney, Kansas-based regenerative farming company leveraging the latest advances in AI, robotics, and sensing technologies.
The minority investment is being made through Chipotle’s $50 million Cultivate Next venture fund, which makes early-stage investments into strategically aligned companies that further Chipotle’s mission to Cultivate a Better World and help accelerate the company’s growth plans.
With the proceeds from the investment, Greenfield Robotics will continue its efforts to build out its fleet of autonomous agricultural robots and develop additional capabilities for forthcoming iterations of its robots, including micro-spraying, cover crop planting, and soil testing.
Led by Clint Brauer, founder, Greenfield Robotics provides regenerative agriculture solutions without chemicals. Their fleets of autonomous robots are lightweight and cut weeds between rows of broadacre crops, day or night, reducing dependence on herbicides while supporting regenerative farming practices and reducing risk for farmers.
FinSMEs
18/12/2023