Nature's Miracle Holding Inc. Announces Purchase of EV Trucks and Launch of Mobile E-Farm Business in Southern California
Rhea-AI Summary
Nature's Miracle Holding Inc. (OTCQB:NMHI) has announced a strategic agreement with ZO Motors North America to purchase five EV trucks, with plans to expand to 100 vehicles by end of 2025. The company will transform these trucks into Mobile Vertical Farming units for growing microgreens and herbs in Southern California.
The initial purchase will be financed through California's electric vehicle rebate program and is scheduled for Q2 2025 deployment in Los Angeles. Each truck features an 11,000-pound payload capacity and container-sized growing space, capable of producing approximately 3,000 pounds of fresh produce annually, serving up to 40 people's salad needs.
The innovative Mobile E-Farm model combines EV technology with hydroponic growing systems, promising up to 90% water savings while delivering fresh, affordable vegetables directly to consumers and businesses. The project may also qualify for USDA subsidies and financing.
Positive
- Secured financing through California's EV rebate program, reducing capital requirements
- Potential additional funding through USDA subsidies
- Scalable business model with planned expansion to 100 vehicles by end of 2025
- Each unit capable of generating revenue from 40 customers annually
- 90% water savings through hydroponic technology reduces operational costs
Negative
- Initial small-scale deployment of only 5 trucks may limit initial revenue potential
- Success depends on unproven mobile farming concept
- Geographic limitation to Southern California market
News Market Reaction – NMHI
On the day this news was published, NMHI gained 14.83%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The Mobile Vertical Farm will be launched and deployed in the Los Angels, CA market in the second quarter of 2025. Each truck, powered entirely by electricity, has 11,000 pounds payload and has box size similar to a 20-foot container. Nature's Miracle will install hydroponic growing equipment inside the box of the truck to grow micro-green and herbs products. Each Mobile Vertical Farm can grow about 3,000 pounds of fresh micro green and herbs products and meet up to 40 people's need for fresh salad annually. In addition utilizing environmentally friendly EV technology and save up to
Tie "James" Li, Chairman and CEO of the Company remarked "we are extremely excited to launch our Mobile E-Farm model in partnership with ZO Motors. The Mobile E-Farm truck can revolutionize the way consumers and businesses obtain fresh and affordable supply of vegetable in their community. We are also proud to utilize the environmentally friendly EV and hydroponic technologies to produce and deliver the fresh micro green products in
About Nature's Miracle Holding Inc.
Nature's Miracle (www.Nature-Miracle.com) is a growing agriculture technology company providing products and services to growers in the Controlled Environment Agriculture ("CEA") industry in the
About ZO Motors
ZO Motors (www.zo-motors.com) is a
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example: the intended use of proceeds from the offering; successful launch and implementation of Nature's Miracle's joint projects with manufacturers and other supply chain participants of steel, rubber and other materials; changes in Nature's Miracle's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; Nature's Miracle's ability to develop and launch new products and services; Nature's Miracle's ability to successfully and efficiently integrate future expansion plans and opportunities; Nature's Miracle's ability to grow its business in a cost-effective manner; Nature's Miracle's product development timeline and estimated research and development costs; the implementation, market acceptance and success of Nature's Miracle's business model; developments and projections relating to Nature's Miracle's competitors and industry; and Nature's Miracle's approach and goals with respect to technology.
These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on the OTC; changes in applicable laws or regulations; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which Nature's Miracle's operates; the risk that Nature's Miracle's and its current and future collaborators are unable to successfully develop and commercialize Nature's Miracle's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that Nature's Miracle's is unable to secure or protect its intellectual property; the possibility that Nature's Miracle's may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in Nature's Miracle's filings from time to time with the SEC.
For more information, please contact:
Nature's Miracle Holding, Inc.
George Yutuc, CFO COO
george.yutuc@nature-miracle.com or
info@nature-miracle.com
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SOURCE Nature's Miracle, Inc.
FAQ
What is Nature's Miracle's (NMHI) Mobile E-Farm project and when will it launch?
How many EV trucks is NMHI purchasing for its vertical farming initiative?
What is the production capacity of NMHI's Mobile Vertical Farming trucks?
How is NMHI financing its Mobile E-Farm truck purchases?
What environmental benefits does NMHI's Mobile E-Farm project offer?
