Plantalux has secured a 1.2 mln euros investment from a Polish investment fund. For this amount, the JR Holidng ASI S.A. fund, managed by entrepreneur and stock market investor January Ciszewski, will acquire shares representing 15% of Plantalux share capital. The acquired funds will be allocated to the company’s development projects.

“Attracting an investor will allow us to strengthen our position in currently served markets and enter new and very promising ones. At the January Fair of Fruit and Vegetables we plan to show our new series of LED lamps for illuminating plants in greenhouse crops and a climate computer, which will be in our offer from the first quarter of 2022,”  declares Jakub Lachowski, Plantalux’s Managing Director.

Thanks to the financing obtained, in the next three years the company plans primarily to increase the presence in the markets on which it already conducts sales and to enter new markets, such as Russia (greenhouses), Greece (indoor farms, greenhouses, hybrids) or the Netherlands (greenhouses). “The latter country is particularly important for image reasons, as the Netherlands is the cradle of greenhouse cultivation”, the team says. The investment will be carried out in four tranches provided that Plantalux meets its objectives.

“Plantalux is another investment in which we have high hopes. It is a company that offers innovative, highly specialised products and is constantly conducting research to develop its offer. It is important for us that its products are already verified on the market and the company’s realizations are large, such as about 5500 LED lamps installed recently in Kazakhstan,” adds January Ciszewski.

JR HOLDING ASI S.A. is an investment company listed on the NewConnect since November 2012, which is exiting the commercial real estate segment and increasing its involvement in new investment projects. The company published in November 2019 its development strategy for 2020-2022, which envisages exiting the real estate segment and reinvesting funds in new investment projects in the areas of renewable energy, gaming and new technologies, especially artificial intelligence. The issuer also plans to move its listing to the main market of the Warsaw Stock Exchange. JR HOLDING ASI S.A. presents the value of its investment portfolio through quarterly revaluation of assets, in particular listed assets.