N2 Applied, a company focused on sustainable food production, has secured $10.7 million in new investment capital. The funding round will support the continued development and deployment of its innovative technology, which enables farmers to produce their own nitrogen fertilizer directly on the farm. N2 Applied's mission is to fundamentally improve global food production by increasing yield and reducing emissions, addressing critical challenges in the agricultural sector.
The company's technology tackles the significant issue of ammonia loss from livestock farms, which not only represents lost fertilizer essential for crops but also contributes to environmental concerns. Farmers currently need to purchase expensive, fossil fuel-based nitrogen fertilizer to replenish these lost nutrients. N2 Applied's solution involves fixing nitrogen from the air and reacting it with ammonia in manure, thereby stopping ammonia losses, increasing nitrogen content, and providing farmers with vital nutrients. This process aims to reduce reliance on traditional industrial fertilizers.
This capital infusion is significant for N2 Applied as it accelerates the commercialization and scaling of its on-farm fertilizer production system. The company plans to deploy the funds towards expanding its operational capabilities, enhancing its technology, and supporting growth initiatives across key markets. The investment underscores confidence in N2 Applied's potential to deliver a more sustainable and cost-effective fertilizer solution for agriculture.
N2 Applied's technology is designed to disrupt the conventional fertilizer value chain, transforming it from a linear model to a more circular one. By empowering farmers to produce their own fertilizer, the company aims to contribute to a more resilient and environmentally responsible food system globally, supporting agricultural sustainability and efficiency for the future.
