MoonRider, an emerging player in sustainable agricultural technology, has successfully raised ₹18.26 crore to further its development of innovative electric tractors.
The funding round, supported by a mix of institutional investors and venture capitalists, highlights the growing demand for eco-friendly solutions in the farming sector. The company’s electric tractors aim to address the twin challenges of reducing carbon emissions and improving operational efficiency for farmers.
MoonRider’s CEO expressed gratitude to investors and emphasized the company’s commitment to revolutionizing agriculture through cutting-edge technology. “This funding is a significant step forward in achieving our vision of transforming farming practices while ensuring environmental sustainability,” he said.
The funds will be utilized for research and development, scaling production, and expanding the company’s reach in domestic and international markets. MoonRider also plans to integrate advanced features such as AI-driven precision farming tools into its electric tractors, setting new benchmarks in the agricultural machinery industry.
This funding milestone underscores the increasing interest in electric vehicles across sectors, reflecting a broader shift towards sustainable technologies in India’s green revolution.
