Nature's Miracle Holding Inc. Announces Agreement with Robostreet to Launch Mobile E Farm in California
Nature's Miracle Holding (NASDAQ: NMHI) has signed a Cooperation Agreement with Robostreet to acquire 150 LS450 electric trucks, with 40 units scheduled for delivery by end of 2024. The company plans to convert these vehicles into mobile vertical farms for growing micro-greens and herbs in the Los Angeles market. The purchase is expected to be subsidized through California's energy incentive program. Robostreet will provide maintenance support and install charging infrastructure at Nature's Miracle's California warehouse. This initiative aims to create a farm-to-table platform combining vertical farming with clean energy and EV technologies.
Nature's Miracle Holding (NASDAQ: NMHI) ha firmato un Accordo di Cooperazione con Robostreet per acquisire 150 camion elettrici LS450, con 40 unità programmate per la consegna entro la fine del 2024. L'azienda prevede di convertire questi veicoli in fattorie verticali mobili per la coltivazione di micro-verdi ed erbe nel mercato di Los Angeles. Si prevede che l'acquisto sarà sovvenzionato attraverso il programma di incentivi energetici della California. Robostreet fornirà supporto alla manutenzione e installerà l'infrastruttura di ricarica presso il magazzino di Nature's Miracle in California. Questa iniziativa mira a creare una piattaforma farm-to-table che combina l'agricoltura verticale con tecnologie di energia pulita e veicoli elettrici.
Nature's Miracle Holding (NASDAQ: NMHI) ha firmado un Acuerdo de Cooperación con Robostreet para adquirir 150 camiones eléctricos LS450, con 40 unidades programadas para entrega a finales de 2024. La empresa planea convertir estos vehículos en granjas verticales móviles para cultivar microvegetales y hierbas en el mercado de Los Ángeles. Se espera que la compra sea subsidiada a través del programa de incentivos energéticos de California. Robostreet proporcionará soporte de mantenimiento e instalará la infraestructura de carga en el almacén de Nature's Miracle en California. Esta iniciativa tiene como objetivo crear una plataforma de farm-to-table que combine la agricultura vertical con tecnologías de energía limpia y vehículos eléctricos.
Nature's Miracle Holding (NASDAQ: NMHI)은 Robostreet와 협력 계약을 체결하고 150대의 LS450 전기 트럭을 인수하기로 하였으며, 40대는 2024년 말까지 배송될 예정입니다. 이 회사는 이러한 차량을 로스앤젤레스 시장에서 마이크로 채소와 허브를 재배하기 위한 모바일 수직 농장으로 전환할 계획입니다. 이 구매는 캘리포니아의 에너지 인센티브 프로그램을 통해 보조금을 받을 것으로 예상됩니다. Robostreet은 유지보수 지원을 제공하고 Nature's Miracle의 캘리포니아 창고에 충전 인프라를 설치할 것입니다. 이 이니셔티브는 수직 농업과 청정 에너지 및 전기차 기술을 결합한 farm-to-table 플랫폼을 만드는 것을 목표로 하고 있습니다.
Nature's Miracle Holding (NASDAQ: NMHI) a signé un Accord de Coopération avec Robostreet pour acquérir 150 camions électriques LS450, dont 40 unités devraient être livrées d'ici fin 2024. L'entreprise prévoit de convertir ces véhicules en fermes verticales mobiles pour cultiver des micro-pousses et des herbes sur le marché de Los Angeles. Il est prévu que cet achat soit subventionné par le programme d'incitation énergétique de Californie. Robostreet fournira un support de maintenance et installera l'infrastructure de recharge dans l'entrepôt de Nature's Miracle en Californie. Cette initiative vise à créer une plateforme de farm-to-table combinant l'agriculture verticale avec des technologies d'énergie propre et de véhicules électriques.
Nature's Miracle Holding (NASDAQ: NMHI) hat eine Kooperationsvereinbarung mit Robostreet unterzeichnet, um 150 LS450-Elektro-Lkw zu erwerben, von denen 40 bis Ende 2024 geliefert werden sollen. Das Unternehmen plant, diese Fahrzeuge in mobile vertikale Farmen zur Anpflanzung von Mikrogrün und Kräutern im Markt von Los Angeles umzuwandeln. Der Kauf wird voraussichtlich durch Kaliforniens Energieanreizprogramm subventioniert. Robostreet wird Wartungsunterstützung bieten und die Ladeinfrastruktur im Lager von Nature's Miracle in Kalifornien installieren. Diese Initiative zielt darauf ab, eine Farm-to-Table-Plattform zu schaffen, die vertikale Landwirtschaft mit sauberer Energie und Elektrofahrzeugtechnologien kombiniert.
- Secured 150 electric trucks for mobile vertical farming expansion
- Purchase costs expected to be subsidized by California state incentives
- Infrastructure support included through Robostreet partnership
- Geographic expansion into Los Angeles market
- Significant capital investment required for fleet acquisition
- Delivery timeline extends over one year
- Early phase of strategic development indicates execution risks
Insights
This strategic partnership represents a significant innovation in the vertical farming sector, combining sustainable agriculture with mobile distribution. The commitment to 150 electric trucks, with 40 units arriving by 2024's end, signals a substantial operational expansion. The California Energy Incentive Program's subsidies significantly reduce capital expenditure risks, while the Los Angeles market deployment offers strong demographic alignment for premium produce.
The mobile vertical farm concept addresses two critical market challenges: distribution efficiency and fresh produce accessibility. Integration of photovoltaic charging infrastructure further strengthens the sustainability proposition. However, success will depend on consumer adoption rates and operational execution in a novel business model. The initiative's capital-intensive nature and reliance on government subsidies present notable considerations for investors tracking execution milestones.
The mobile E Farm concept introduces an innovative last-mile delivery solution for the vertical farming industry. Converting electric trucks into mobile growing units creates a unique farm-to-table distribution model that could significantly reduce produce transportation time and costs. The inclusion of integrated charging infrastructure at the warehouse demonstrates a comprehensive operational approach.
Key operational advantages include:
- Flexible distribution capabilities allowing rapid market response
- Reduced produce spoilage through immediate delivery
- Lower operational costs through energy incentives and sustainable infrastructure
~ Nature's Miracle to Receive 150 LS 450 Electric Trucks from Robostreet; 40 Electric Trucks Expected Before End of 2024 ~
~ Electric Trucks will be Converted into Mobile Vertical Farms ~
~ Cost of E-Trucks Expected to be Subsidized by the
Nature's Miracle plans to convert these electric trucks into mobile vertical farms in order to grow micro-greens and herbs which will be delivered to an end customer base including consumers and businesses. Nature's Miracle will order 150 LS 450 electric trucks from Robostreet, 40 of which will be delivered by the end of 2024, and the remaining will be delivered within one year. Nature's Miracle plans to initially deploy the Mobile E Farms in the Los Angles market. Simultaneously, Robostreet will provide the required resources to maintain its electric trucks including a photovoltaic and energy storage integrated charging station at Nature's Miracle's
James Li, CEO of Nature's Miracle, commented, "We are excited to collaborate with Robostreet as we pursue our next growth initiative with an all electric mobile farming and distribution service. Securing Robostreet's LS450 electric trucks provides an infrastructure to develop a farm to table paradigm on the foundation of our mission focusing on sustainably sourced and cultivated agriculture made widely available to the end consumer. While we are currently in the early phase of strategic development, our objective is to establish a seamless platform that will combine our core vertical farming business, clean energy and EV technologies to provide consumers with direct access to fresh vegetable products."
About Nature's Miracle Holding Inc.
Nature's Miracle (www.Nature-Miracle.com) is a growing agriculture technology company providing equipment and services to growers in the Controlled Environment Agriculture ("CEA") industry which also includes vertical farming in
About Robostreet Inc.
Robostreet (www.robo-street.com) is a
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example: the intended use of proceeds from the offering; successful launch and implementation of Nature's Miracle's joint projects with manufacturers and other supply chain participants of steel, rubber and other materials; changes in Nature's Miracle's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; Nature's Miracle's ability to develop and launch new products and services; Nature's Miracle's ability to successfully and efficiently integrate future expansion plans and opportunities; Nature's Miracle's ability to grow its business in a cost-effective manner; Nature's Miracle's product development timeline and estimated research and development costs; the implementation, market acceptance and success of Nature's Miracle's business model; developments and projections relating to Nature's Miracle's competitors and industry; and Nature's Miracle's approach and goals with respect to technology. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on Nasdaq; changes in applicable laws or regulations; the effects of the coronavirus (COVID-19) and any future outbreaks on Nature's Miracle's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which Nature's Miracle's operates; the risk that Nature's Miracle's and its current and future collaborators are unable to successfully develop and commercialize Nature's Miracle's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that Nature's Miracle's is unable to secure or protect its intellectual property; the possibility that Nature's Miracle's may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in Nature's Miracle's filings from time to time with the SEC.
Contacts
George Yutuc
Chief Financial Officer
George.Yutuc@nature-miracle.com
MZ North America
Shannon Devine / Rory Rumore
Main: 203-741-8811
NMHI@mzgroup.us
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SOURCE Nature's Miracle Holding Inc.
FAQ
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