This web app uses cookies to compile statistic information of our users visits. By continuing to browse the site you are agreeing to our use of cookies. If you wish you may change your preference or read about cookies

close

Why LettUs Grow's Business Model is so successful?

Get all the answers

Embed code:

x
Copy the code below and embed it in yours to show this business model canvas in your website.

LettUs Grow’s Company Overview


LettUs Grow is a pioneering agricultural technology company based in Bristol, UK. Established in 2015, the company is dedicated to reducing the environmental impact of farming by developing innovative indoor farming solutions. LettUs Grow designs and builds advanced aeroponic systems for indoor and vertical farms, which significantly increase the efficiency, sustainability, and productivity of agricultural operations. The company's unique aeroponic technology allows plants to grow in a nutrient-rich mist rather than soil, reducing water usage by up to 95%. LettUs Grow is committed to creating a more sustainable future for agriculture by providing farmers with the tools they need to grow fresh, nutritious, and sustainable produce all year round.

The business model of LettUs Grow revolves around the design, manufacture, and sale of aeroponic farming systems and related technologies. Their customers include both large-scale commercial farmers and smaller, independent growers. The company also offers a farm management software called Ostara, which monitors plant health, optimizes growth conditions, and provides actionable insights to farmers. This integrated approach enables LettUs Grow to offer a complete indoor farming solution, from hardware to software.

LettUs Grow's revenue model is primarily based on the sale of its aeroponic systems and Ostara software subscriptions. The company generates income from the initial sale of the systems and then from ongoing software subscription fees. Additionally, LettUs Grow also provides consultancy services to customers, offering expert advice on farm design, system installation, crop selection, and farm management. This diversified revenue stream allows the company to maintain a steady cash flow while also investing in research and development for future innovations.

https://www.lettusgrow.com/

Headquater: Bristol, England, UK

Foundations date: 2015

Company Type: Social enterprise

Sector: Industrials

Category: Agriculture

Digital Maturity: Digirati


LettUs Grow’s Related Competitors



LettUs Grow’s Business Model Canvas


LettUs Grow’s Key Partners
  • Legal & financial advisers
  • European Union support
  • Growing Underground
  • PLENITUD EcoVillage
  • Growing Underground
  • InCrowd Sports
  • The Enterprise Lab at The University of Bristol
  • Bristol Green Capital Partnership
  • Venturefest
  • Bath Soft Cheese
  • Appropriate IT
  • Charity Organization
  • Enterprise Lab at the University of Bristol
LettUs Grow’s Key Activities
  • Design
  • Manufacturing
  • Sales
  • Developments
  • Systems management
  • Product management
  • Hardware and software development
  • Research
  • R&D
  • Reproductive and vegetative growing
  • Maintenance and growing support
  • Truths
LettUs Grow’s Key Resources
  • Knowledge
  • Intellectual property
  • New farming technology
  • Team
  • Awards and recognition
  • Miniature module
LettUs Grow’s Value Propositions
  • The company builds indoor farms that helps growers to save water and energy
  • New form of sustainable food production by harnessing the forces of nature
  • Reduced carbon footprint associated with food miles
  • Cheaper LEAFYgreen for their customers
  • 65 % faster growing times
  • 95 % less water use
LettUs Grow’s Customer Relationships
  • Efficiency
  • Sustainability
  • Customization
  • Scalability
  • Co-creation
LettUs Grow’s Customer Segments
  • Vertical farms in urban areas
  • Catering companies
  • Retailers
  • Farmers
LettUs Grow’s Channels
  • Website
  • Phone
  • Social media
  • Events and conferences
LettUs Grow’s Cost Structure
  • Pharma labs
  • Biotech
  • R&d
  • Logistics
  • Regulatory issues
  • Employees
  • Advertising
  • Operations
  • Depreciation
  • Reputation Management
  • Legal
LettUs Grow’s Revenue Streams
  • Agriculture Kit sales
  • Software subscriptions

Vizologi

A generative AI business strategy tool to create business plans in 1 minute

FREE 7 days trial ‐ Get started in seconds

Try it free

LettUs Grow’s Revenue Model


LettUs Grow makes money by combining different business models. Below, you will find the list of the different monetization strategies identified for this company:

  • Solution provider
  • Knowledge and time
  • Software as a Service (SaaS)
  • Data as a Service (DaaS)
  • Combining data within and across industries
  • Augmenting products to generate data
  • Agribusiness
  • Sustainability-focused
  • Ecosystem
  • Crowdfunding
  • Open innovation
  • Collaborative production
  • Digital transformation
  • Technology trends
  • Skunkworks project
Analytics


Market Overview
  • Patterns
  • Sectors
  • Categories
  • Companies
  • Right click on the nodes to explore

LettUs Grow’s Case Study


LettUs Grow's CASE STUDY


In the dynamic landscape of agricultural technology, one company has managed to carve out a niche so distinctive that its name has become synonymous with innovation in indoor farming. Welcome to the story of LettUs Grow, a pioneering agricultural technology company based in Bristol, UK, established in 2015. LettUs Grow is not only revolutionizing the way we approach farming but is also steadfast in its commitment to sustainability. Our detailed case study delves into how LettUs Grow employs advanced aeroponic systems to reshape modern agriculture.

Genesis of Innovation


The inception of LettUs Grow can be traced back to a desire to address the inefficiencies and environmental concerns plaguing traditional agriculture. Founders Ben Crowther, Charlie Guy, and Jack Farmer shared a vision: to reduce the environmental impact of farming while also making it economically viable. By 2025, the global population is expected to reach over 8 billion (United Nations, 2023), and food production must meet this burgeoning demand sustainably. The traditional agriculture sector, responsible for 70% of global freshwater use (World Bank, 2023), faces numerous challenges, from climate change impacts to dwindling arable land. The question was: how can we farm in a way that addresses these pressing issues?
The answer? Aeroponics—a method of growing plants in an air or mist environment without the use of soil, boasting several advantages over traditional hydroponic systems.

Unveiling Aeroponic Marvel


LettUs Grow's aeroponic systems allow us to grow plants in a nutrient-rich mist. This technology uses 95% less water compared to traditional soil-based methods—a staggering achievement in water conservation (Company Website). Moreover, aeroponics can reduce carbon footprint significantly by enabling local production and minimizing the "food miles" associated with transporting produce over long distances. The systems are designed for vertical farms, making them ideal for urban areas where space is at a premium. They also accelerate growth cycles, allowing plants to grow up to 65% faster (Company Data).

The Ostara Advantage


One of the standout attributes of LettUs Grow is its proprietary farm management software, Ostara. Designed to optimize plant health and improve operational efficiency, Ostara provides farmers with real-time data and actionable insights. Capabilities include monitoring nutrient levels, humidity, and temperature, making it an invaluable tool for automated precision agriculture. Subscribing to Ostara not only helps in fine-tuning the growing conditions but also significantly reduces the risk and effort involved in managing an indoor farm.
According to Dr. Alex Fisher, an agtech expert and frequent commentator in agrichemical journals, "LettUs Grow's software-hardware integration is at the forefront of smart farming. By using advanced algorithms to predict and optimize the growth conditions, they offer an unprecedented level of control to farmers, making aeroponics not just a sustainable choice but a smart business decision."

Business Model: A Well-Oiled Machine


At the core of LettUs Grow's business model lies a diversified revenue stream. The primary revenue drivers include the sale of aeroponic systems, software subscriptions, and consultancy services. Their consultancy services offer end-to-end solutions, from system installation and farm design to crop selection and farm management. Such a holistic approach ensures steady cash flow and continued investment in research and development. Moreover, providing ongoing customer support fosters long-term customer relationships, enhancing satisfaction and loyalty.

Real-World Applications and Impact


Our narrative wouldn't be complete without acknowledging the real-world impact LettUs Grow has achieved. Take, for instance, their collaboration with Growing Underground in London, where they transformed an old WWII air raid shelter into a fully functional underground farm. Utilizing LettUs Grow’s aeroponic systems, the facility now produces fresh, nutritious crops year-round with extraordinary efficiency. The success of such projects stands testament to the practicality and scalability of LettUs Grow's technology.
Data from the Growing Underground project cites a 70% reduction in overall operational costs and an impressive yield rate nearly double that of traditional farming methods (Growing Underground, 2022). These case studies exemplify how efficiency and sustainability can coalesce, yielding both economic and environmental benefits.

The Road Ahead


As we look to the future, LettUs Grow aims to continue innovating and pushing the boundaries of what's possible in urban farming. With a keen focus on sustainability, our mission is to empower farmers worldwide by providing the tools and knowledge they need to adopt environmentally friendly practices. The company plans to further expand its offerings, incorporating advanced AI features into the Ostara software and exploring new dimensions of aeroponic technology.
Founder Charlie Guy, in a recent interview with AgFunder, noted, "The challenges ahead are significant, but our commitment to innovation and sustainability propels us forward. We believe that by offering scalable, reliable indoor farming solutions, we can play a crucial role in shaping the future of agriculture."

Conclusion


LettUs Grow isn't just a company; it's a movement towards sustainable agriculture. Our groundbreaking aeroponic systems, combined with the Ostara software, create a compelling value proposition that addresses both the environmental and economic facets of farming. LettUs Grow embodies the future of agriculture—an industry where efficiency, sustainability, and advanced technology converge to meet the global food demands. If innovation is the heart of progress, then LettUs Grow is undoubtedly one of its most vital arteries.


If you enjoyed this content, you’re in for a treat! Dive into our extensive repository of business model examples, where we’ve dissected and analyzed thousands of business strategies from top tech companies and innovative startups. Don’t miss out!

+100 Business Book Summaries

We've distilled the wisdom of influential business books for you.

Zero to One by Peter Thiel.
The Infinite Game by Simon Sinek.
Blue Ocean Strategy by W. Chan.