California-based Nitricity Secures Investment from Chipotle Mexican Grill. Funding from Cultivate Next will be used to scale up Nitricity’s production of nitrogen, build out the company’s infrastructure, and support the launch of its first commercial product.
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Jack Hartung, Chief Financial and Administrative Officer, Chipotle said, “We’re proud to support Nitricity’s pursuit of a product innovation whose environmental benefits are complementary to Chipotle’s approach to Food With Integrity, Fertilizers have experienced steep price increases in recent years due to supply chain issues, fossil fuel price volatility, and rising distribution costs. Nitricity’s fertilizer offering not only has the potential to reduce the carbon footprint of the fertilizer industry, but it can be a cost-effective solution for growers in our supply chain.”
Nico Pinkowski, co-founder and CEO of Nitricity said, “Nitricity is committed to producing fertilizer that is optimized for farmers, not factory production or freight distribution, Partnering with Chipotle will unquestionably accelerate our path toward disrupting the industry with climate-smart technology.”
About Nitricity
Nitricity produces nitrogen fertilizer with only air, water, and electricity. Founded by a team of graduate students from Stanford University in 2018 – Nicolas Pinkowski serving as CEO, Joshua McEnaney serving as president and CTO, and Jay Schwalbe serving as CSO – the company is scaling its technology to provide regionalized, climate-smart nitrate fertilizer production.
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