Dutch AgTech Firm Honest Declared Bankrupt, Exploring Potential Relaunch
Controlled Environment Agriculture Finance

Dutch AgTech Firm Honest Declared Bankrupt, Exploring Potential Relaunch

Honest AgTech B.V., a Dutch robotics company, was declared bankrupt by the Noord-Holland District Court on June 27. The Delft-based company, facing a liquidity shortage, filed for bankruptcy itself. A potential relaunch of the company is currently under examination.

The bankruptcy trustee, Claus from Heemstede, expressed optimism about a possible relaunch, praising the company’s ‘beautiful technology’ that ‘complements the market.’ Vision supported the company’s initial launch as a pre-seed investor. Honest AgTech, which employs twenty individuals with ‘particular qualities,’ is keen on retaining its workforce, according to the receiver commenting on the announcement to Hortidaily.com. The article states that a definitive decision on this matter is expected by mid-July. There is ‘sufficient time’ to restart the technology, but the fate of the employees should be determined in the coming weeks.

Founded in early 2020, Honest AgTech has been at the forefront of the industry, sharing frequent updates regarding its developments. This spring, the company’s robot, equipped with an upper frame for UV-C treatment of crops, was showcased for the first time at the tradeshow Fruit Logistica in Berlin.

The company has invested heavily in sensor technology for its robot. The model displayed in Berlin was fitted with 3D cameras, 2- and 3D Lidar, and ultrasonic sensors. The company’s primary objective is to ensure the robot’s safety in anticipation of forthcoming European regulations for autonomous driving. In addition to the sensors, software plays a crucial role in achieving this goal.

Image provided by Honest AgTech

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