Elicit Plant develops phytosterol-based solutions that enhance crop resilience to drought by improving water management and reducing consumption by 20%. Their technology enables maize, wheat, and sunflower crops to maintain yields during water shortages, addressing the challenges posed by climate change and water scarcity.
Funding
$70.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CFounders
Product
Problem
Climate change and increasing water scarcity pose significant challenges to crop production, leading to reduced yields and economic losses for farmers. Traditional agricultural practices often struggle to maintain productivity under drought conditions, particularly for staple crops like maize, wheat, and sunflower.
Solution
Elicit Plant offers phytosterol-based solutions that enhance crop resilience to drought by improving water management within the plant. Their technology enables crops to maintain yields even during periods of water shortage by reducing water consumption and improving the plant's natural defenses. By applying these solutions preventatively, Elicit Plant provides a systemic and lasting effect throughout the crop cycle, ensuring better resource utilization and sustained performance under stress. This approach helps farmers mitigate the impact of climate change and water scarcity on their broad acre crops.
Target Audience
The primary customers are crop growers, particularly those cultivating maize, wheat, and sunflower, who are seeking to mitigate the impact of climate change and water scarcity on their yields.
Features
- Utilizes phytosterols, natural plant growth regulators, to strengthen plants' natural defense mechanisms.
- Reduces water consumption in crops by an average of 20%.
- Improves plant physiological resilience through natural processes.
- Limits water stress on crops, leading to better overall health.
- Field-proven results demonstrating maintained yields during water shortages.
- Solutions available for maize, wheat, and sunflower crops.
- Applied research strategy combining controlled experiments with real farm-based trials.