Developing Agriculture 5.0 technologies, Move On received its first round investment over a valuation of ₺50 million.
Developing Agriculture 5.0 technologies, which are composed of farmers and engineers with the slogan “Our hands are on the keyboard, our feet are on the soil” and “with their feet touching the ground”, Move On received its first round investment over a valuation of ₺50 million.
Sirketim Ortagim (My company, my partner) Melek Investment Network, Lonca GSYF managed by Kuveyt Turk’s subsidiary KT Portfolio, and Turkiye Technology Team Foundation (T3 Foundation) participated in the investment tour.
Mehmet BULDURGAN, Deputy Chairman of the Board of Directors of the Melek Investment Network and Network President, will transfer his knowledge and experience to the Move On initiative as the Lead Investor of the initiative.
MOVE ON is “one of the 5 companies in the world that develops artificial intelligence-based autonomous tractor kits, the first and only company in Turkiye”
MOVE ON, which started to work with the first patent and MvP (Minimum Viable Product) in 2018, was founded by farmer and computer engineer Omer Faruk Koc in 2020, and started to work on developing kits integrated with cloud-based software for the autonomy of tractors and the digitalization of agriculture with artificial intelligence.
Move On, which started the sales of kits in 2021 with the field work that started in 2020, as of today, within the scope of Intellectual, Industrial and Property Rights (IP) studies, it has 3 patents in total, including 1 patent registered in the country, 1 patent pending registration in the country, and 1 global patent awarded from international invention fairs. In addition, the company has 6 trademark applications, 3 of which have been registered.
MOVE ON, one of the 50 Turkish startups that participated in the world’s largest electronics fair CES, held in Las Vegas, USA on January 2023, brought its technology to the world.
Omer Faruk KOC, the founder of MOVE ON, said;
“We aim to bring more advanced agricultural artificial intelligence technologies to the market, with the support of our investors, along with our ongoing product development and R&D studies, and they will also focus on global expansion efforts by accelerating the work for the future of sustainable agriculture on issues such as sustainability, ESG, agriculture-climate and food.”
Hamit Kutuk, General Manager of KT Portfolio, said;
“In the field of agriculture, our country has areas of superiority that will make it stand out in many important competitions, and therefore they have determined agricultural technologies as one of the investment focuses of strategic importance. Lonca GSYF, of which KT Portfolio is the manager, will continue to invest in innovative initiatives in this field together with MOVE ON and other companies we have previously invested in.”
Source: Egirisim / Prepared by Irem Yildiz