Electric Tractor Startup Moonrider $6M in Series A round

Moonrider, a Bangalore-based electric tractor technology company, has raised $6 million in a Series A funding round led by pi Ventures.  

The round also saw participation from Singularity AMC and existing investors AdvantEdge Founders and Micelio. 

The company said it will use the new funds to improve its vehicle engineering and battery technology and speed up the development of its tractors. The funds will also help Moonrider enhance its drivetrain systems, boost battery performance, and carry out durability tests in different soils and climates in India and around the world.

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According to Co-founder and CEO Anoop Srikantaswamy, Moonrider is the only electric tractor company in India that makes 75HP tractors, while most farmers currently use tractors with 35–50HP.

Founded in 2023 by Srikantaswamy and Ravi Kulkarni, Moonrider is one of the few Indian startups trying to make agriculture cleaner using electric tractors. The company has signed agreements to deliver 6,000 tractors to clients over the next three years.

Right now, it is conducting customer trials. At the same time, Moonrider is getting its 27HP, 50HP, and 75HP electric tractors ready for commercial launch and plans to start deliveries to some customers by February next year. 

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Earlier in January, Moonrider raised $2.2 million (Rs 19 crore) in a seed funding round, co-led by AdvantEdge Founders and Micelio Technology Fund, along with several angel investors.

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