URBANFARMINGPARTNERS HOLDING B.V. (UFPH) WILL TEAM UP WITH EXECUTIVE CAPITAL GROUP (ECG) AS THE NEW INVESTOR IN THE STARTUP. THIS WILL PROPEL THE COMPANY FROM A START-UP PHASE TO A GROWTH PHASE BY PROVIDING THE RESOURCES TO DEVELOP SUBSTANTIAL VERTICAL FARMS IN SINGAPORE AND THE REGION IN THE NEXT 3 YEARS.
With UFPH entering into a new phase of business, we require new expertise in the board of UFP, since there is a shift from concept development to strategic management. Therefore, Wouter Vos will step down from the UFP-board and Peter Kleijwegt, one of the founders of ECG, will join the board.
In the last 5 years, Wouter co-founded UFPH and subsequently Urban Farming Partners Singapore Private Limited (UFPSG) with his partners. He spearheaded UFPSG to obtain funding from Singapore Food Agency and co-guided the company from concept development to the construction of a state-of-the-art and unique vertical farm. This resulted in a scalable indoor farm design and the final realisation of the Proof of Concept/Centre of Excellence in Singapore. The Proof of Concept will be the showcase of the best horticulture technologies the Netherlands has to offer in Asia and also other parts ofthe world. It is timely now for Wouter to move on to conceptualising new ideas and turning these ideas into reality in areas related to climate change, food and energy since Wouter is passionate about the significance he brings to shaping a better world.
Wouter will still be involved in the developments of farms for UFPH and the subsidiary UFPSG from his present position at KuiperCompagnons, a major shareholder of UrbanFarmingPartners.
From March 31, 2022, the UFPH-board of directors will consist of Henk van Eijk and Peter Kleijwegt. The UFPSG-board will consist of Grace Lim, Henk van Eijk and Peter Kleijwegt.
UrbanFarmingPartners Holding B.V.