Local agriculture startup Mayani is developing two pre-cooling storage facilities in the Batangas and Benguet provinces to extend the shelf life of vegetables and other produce while reducing post-harvest losses.
In a recent interview, Mayani co-founder and CEO JT Solis stated that the firm had secured approximately $1 million (or about PHP 57.28 million) in catalytic capital from the Temasek Trust ecosystem to develop these facilities.
Solis said Mayani planned to begin operations of its pre-cooling facilities within the second quarter of this year. Each facility can store 15 to 20 metric tons of produce, with the construction expected to be completed in about 45 to 65 days.
"The two pre-cooling facilities… we're still constructing it this year but we already have the plan [and] the blueprint," Solis said on the sidelines of a forum organized by the University of Asia and the Pacific and Southeast Asian Regional Center for Graduate Study and Research in Agriculture.
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