Julie Peyrache, Investment Manager at Capagro, answered to Gofar's questions on Ag robotics.
The global market for agricultural robotics is expected to reach $20 billion in 2025. As it helps expand production and improve efficiency, the demand for precision agriculture is increasing. In recent years, many companies have invested in research and development.
Nevertheless, in 2019, the agricultural robotics sector received the least funding from innovation capital investors. While the food e-commerce sector mobilized $3.9 billion from investors, agricultural robotics mobilized only $179M.
In a time of growing need to find alternative solutions to the use of pesticides and to labor shortages, how can we explain such a reluctance of innovation capital funds?