Sollum Technologies Raises $30 Million to Support the Growth of Its Operations
Summary
As the only 100% programmable technology, it can replicate the Suns natural light cycle with unparalleled accuracy for cultivating any produce, regardless of its native climate and the location of the greenhouse. Whatever their choice, greenhouse growers benefit from the Sun as a Service\xae cloud platform, powered by artificial intelligence and the dedicated support of a team of experienced engineers, technicians and agronomists.President and CEO of Sollum Louis Brun stated that: "In a short period of time, Sollum has demonstrated that the unparalleled precision of light generated by its smart LED grow light solution optimizes crop productivity and quality while maximizing energy efficiency. "The goal of Fondactions contribution last year was to accelerate the commercialization of a smart light supporting the fight against climate change and the development of a safe and sustainable agri-food sector. This is why it provides unparalleled value in terms of energy savings and, additionally for greenhouse growers, increased productivity and superior produce quality.Founded in 2015, the company is based in Montr\xe9al (Qu\xe9bec, Canada), where its design, development, and manufacturing activities are concentrated. To learn more about Idealist Capital, visit idealist.capital.A forerunner in sustainable finance for more than 25 years, Fondaction brings together individuals and companies that are mobilizing for the positive transformation of society, taking action to make Qu\xe9becs economy more equitable, inclusive, green and successful.