Fondaction supports the growth of Sollum Technologies. This funding will enable this agricultural technology company to develop its market and distribution network.
Sollum’s technology has several advantages, in terms of the light fixture’s life cycle, energy efficiency, productivity, and product quality. Based on the data that the company collected, greenhouse growers who use this new technology benefit from energy savings.
According to Claire Bisson, Deputy Chief Investment Officer at Fondaction, “the investment meets a number of our impact goals: the fight against climate change and the development of a sustainable agri-food industry. On the one hand, greenhouse production has a positive effect on local sourcing and food security. On the other hand, a study led by Enviro-Access determined that the light fixture’s life cycle and its energy performance reduce by 30% the GHG emissions normally generated by this activity. Furthermore, the smart lighting solution makes it possible to compensate for extremely cold weather during peak periods without affecting crop growth.”
According to Louis Brun, co-founder and CEO of Sollum Technologies, this partnership carries a positive message for the future: “We are pleased to be able to count on Fondaction’s financial support and its expertise in the agri-food industry to help us grow and speed up the marketing of our dynamic LED lighting solution for greenhouse growers. We have the privilege of having a solid group of investment partners and we appreciate the confidence that the Fondaction team has chosen to place in us and our unique solution.”
