Agroverse develops autonomous electric robots for agricultural applications and offer them to producers as a service to serve standard needs of the sector such as spraying or weeding. Model’s main benefits include increased time savings, reduced costs, and eco-friendly work tools adoption. The company manufactures and owns the robots which entails further benefits for the customer. In addition, electric robots have less operational and maintenance costs compared to conventional gas-powered machines, making the financial advantage even more apparent for the end user. Agroverse focuses on the development of autonomous robots effectively leveraging economies of scale and offering precision agriculture services, aiming the integration of predictive models to offer a complete solution to the end customer: data collection from the field with the robots, data analysis and provision of precision services. In this way, company aims to strengthen its foothold in the customer base.
At GTM stage, company’s ideal customer is the owner of a 100–200 str farmland. The type of crops that Agroverse initially targets primarily include the perennial crops -olive, peach and apple tree plants- and secondary vegetable crops. Future plan for company’s further development includes relevant services introduction with the long-term goal to become the one-stop shop for every agriculture application.
Founders of the company are Dimitris Koutras, CEO, VP Product, Electrical and Computer Engineer, who comes from a farming family and has years of experience, as CERTH researcher, in R&D of products on Robotics, AI and algorithms of autonomous systems and George Bontzios, Commercialization Officer, Electrical and Computer Engineer, PhD and serial entrepreneur — George co-founded and served as CEO for 7 years at Fieldscale.
Founding team’s collective experience in product development and entrepreneurship guarantees the execution of the plan while also adapting to transforming needs of a dynamically developing market.
We invest in Agroverse, because we believe that the booming needs in agricultural market, due to lack of human resources and the producers’ urgency to better and more efficiently serve their customers, while also downsizing production costs, would give to the company the opportunity to reach a wide adoption by offering an innovative product through an innovative — at this market — business model. Importantly, we invest because we believe that the founders have a deep understanding of sector’s problems having also the vision and skills to capture and serve respective opportunities.
