BayWa invests in irrigation start-up
- Fruit Net
BayWa has announced that it has invested in Spanish start-up Spherag through its investment arm, BayWa Venture, alongside co-investors Bonsai Partners and Ship2B Ventures.
Spherag has developed an internet of things (IoT) solution to digitalise and automate existing irrigation systems, reducing water and energy consumption in agriculture by one-third.
According to BayWa, the new investment will be used to expand distribution operations and develop additional use cases for the current solution in the area of precision irrigation.