Nitricity raises $10m for organic fertilizer plant in California

Nitricity has secured $10 million in a funding round to establish an organic fertilizer plant in Delhi, California. This investment, which brings the company’s total funding to over $50 million, aims to produce sustainable nitrogen fertilizers, addressing local agricultural needs and reducing reliance on imported products.

Original excerpt: The raise—which takes the firm’s cumulative funding to over $50 million—includes a mix of equity and non-dilutive project financing…

Source: AgFunderNews