The Elkann family (Stellantis, but also Ferrari and Juventus) has decided to invest in sustainable agriculture. Lingotto Investment Management - a wholly owned asset management company of Exor, the safe house of the Agnellis now Elkann - has taken part in a $250 million financing round of the Boston-based U.S. company Indigo Ag, which specializes in harnessing science and technology to help improve the sustainability and profitability of the agricultural sector. Leading the investment was Flagship Pioneering, while Lingotto would be the second-largest investor by amount put in; the two were later joined by state employee pension fund State of Michigan Retirement Systems. Indigo is active on a number of agribusiness fronts. Lingotto has a $3 billion endowment, with assets contributed by Exor and the French Covea. Last May, Lingotto launched a $500 million fund to invest in companies with highly disruptive technology.
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