Osram Licht Acquires Agrilution Stake
MUNICH, May 23, 2017 — Lighting developer Osram Licht AG has acquired a stake in Agrilution GmbH, a developer of an LED-based plant-growing home appliance.
The lighting group holds a strategic minority interest in the company via its venture capital arm Fluxunit. The startup has developed a smart indoor growing box, the plantCube, that serves as a salad, vegetable and herb garden for the home. Even users without any gardening expertise are now able to greatly increase yield due to a specially optimized LED technology and other innovations.
For horticultural applications, Osram supplies specially developed lighting solutions that can stimulate and manage plant growth and are designed for cultivating plants in greenhouses or indoor spaces. The LED technology from Osram is also used in the plantCube. The smart home appliance identifies the seeds that have been planted and provides an optimal growing environment by automatically regulating temperature, watering, and lighting conditions. This makes it possible to grow herbs, salad and vegetables regardless of weather and climate.
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