“AWS provides easy-to-deploy and scalable technology, managed with a simple console,” says Sagi Briteman, vice president of research and development for CropX. “It is also easy to establish the architecture. We started with building blocks, with uncertainty about our physical deployment and how much we needed. Using AWS, it was easy to create instances as we grew.”
Shortly before the Covid-19 pandemic hit, I had a fascinating conversation with a challenger bank customer — let’s call her Jennifer. Jennifer is a nurse practitioner, in her early thirties, and lives in Atlanta. Towards the end of the interview, when I asked her to give me three words that came to mind when she thought of her former brick-and-mortar bank, she hesitated for a moment and then said:
Since 2010 THRIVE by SVG Ventures is the leading global AgriFood investment and innovation platform headquartered in Silicon Valley, and comprised of top agriculture, food & technology corporations, universities, and investors.
With a community of over 5,000 startups from 100 countries, the THRIVE platform invests, accelerates, and creates unparalleled access for entrepreneurs to scale globally to solve the biggest challenges facing the food and agriculture industries.
Accelerator Benefits Spans Access To Corporates, Farmers, Investment
THRIVE is the #1 Agtech Accelerator & the most active AgTech investor in the world. Their team is committed to advancing the future of food and agriculture through innovation. The accelerator provides startups with investment, access to its corporate and farmer network, expert mentorship and advice, and phenomenal exposure through the THRIVE | Forbes Demo Day at the annual Forbes AgTech Summit.
The selected companies that join the THRIVE Accelerator benefit from a 3 month virtual and in-person accelerator program that provides investment, direct access to the largest agriculture companies and farmers located in the Salinas and Central California growing regions, and mentorship from top industry leaders. The program begins in March 2021 and culminates in June 2021 at Demo Day at the Forbes AgTech Summit.
More specifically, THRIVE supports seed-stage startups from all areas of the value chain whose technologies drive the world towards a more efficient, sustainable, and secure agriculture future. This support includes:
Access To Corporates
Connecting you with Corporate Partners from THRIVE’s high profile network, for technology validation, adoption, and potential investment opportunities.
Access To Farmers
Through THRIVE’s extensive partner network inclusive of over 6,000+ farmers, growers, and agriculture partners, the accelerator provides you with opportunities to conduct active field trials.
Access To Investment
THRIVE will invest $ 75K in your startup ($ 37,500K cash, $ 37,500K in program value) for 4% equity, with the opportunity for additional follow-on investment.
Validate your startup to potential investors by your participation in the award-winning program. Propel your business through access to THRIVE’s ecosystem, network, investment, customers, and more.
You will have access to expert mentors & advisors as well as access to an extensive global entrepreneur network. They will include entrepreneurs, investors, and technologists with a breadth of experience building businesses. These mentors are drawn from SVG Ventures’ extensive global network.
You will receive a multitude of brand exposure opportunities & the opportunity for global press & media spotlight at Demo Day at the annual Forbes AgTech Summit.
THRIVE is also hosting a series of Regional Challenges in Australia, Africa & Canada. The winner from each of the regional Challenges will advance to the final of the THRIVE Accelerator. Eight companies will be selected for the THRIVE VII Accelerator Cohort.
How & Where To Apply
THRIVE is looking for focused, well-rounded companies with great teams and disruptive ideas with the ability to execute. Team, technology, traction, and total addressable market are key criteria for selection. Other than that, THRIVE is looking for startups that fulfill the following criteria:
Stage: Seed to Series A, with a product either in development or in market
Electric cars such as battery electric vehicles & plug-in hybrid electric vehicles are slowly penetrating the EU market. Over the last few years, the registration of electric cars in the EU has been steadily increasing. Electrifying the commercial vehicle is not only a prudent economic decision but also demonstrates the company’s green credentials.
Reinventing automotive industry
Based out of London, Arrival is a developer and manufacturer of zero-emission, public transportation vehicles. Recently, the UK company has raised $ 118M (approx €100M) from BlackRock. With this funding, BlackRock joins other investors including Hyundai Motor Company, Kia Motors Corporation, and UPS.
The company intends to use the funding to accelerate its Microfactory footprint in both the US and Europe. Notably, the company also announced the launch of its first US Microfactory in York County, South Carolina, a few days back along with an investment of $ 46M (approx €39M).
In South Carolina, the company will utilise a new cell-based assembly method to produce vehicles rather than a traditional production line. This approach reduces the costs of production and emissions of shipping and does not require a massive upfront investment, hence the name “Microfactory.” Arrival’s Microfactories produce 10,000 vans or 1,000 buses per year.
Aims to create zero-emission mobility solutions
Founded in 2015 and based in London, England, Arrival works with cities around the world to create zero-emission mobility solutions, The company has received an order of 10,000 electric vans from logistics company UPS, with the option for a further 10,000.
Production in Q4, 2021
The company aims to reach 8 million commercial and passenger fleets by 2030 in the US alone. Arrival will begin fitting out the unit and is expected to begin operations in Q2 2021, with the start of production in Q4 2021. The company has over 1,200 global employees located in offices across the USA, Germany, Netherlands, Israel, Russia, and Luxembourg.
The company claims to be one of the UK’s largest unicorns. Earlier this year, the company revealed its zero-emission bus. According to Arrival, it partners with governments and cities to create an Integrated Public Transport ecosystem that supports their net-zero emission goals. Arrival’s Integrated Public Transportation Ecosystem includes buses, cars for sharing, taxis, delivery robots, charging infrastructure, Microfactories and digital services.