Moonrider raises $6 million to boost electric tractor development

Bengaluru-based electric tractor manufacturer Moonrider has raised USD 6 million in its Series A funding round, marking a major milestone in its journey to reshape India’s agri-mechanisation landscape. The round was led by pi Ventures, a leading deep-tech investment firm, with additional participation from Singularity AMC and existing investors Advantedge Founders and Micelio Fund.

Moonrider Focus on Engineering, Battery Tech & Future Product Range

Moonrider announced that the fresh infusion of capital will strengthen its efforts in

• Improvement of battery performance
• Refinement of drivetrain systems
• Completion of durability and field testing in various soil types and climate conditions
• Faster development and readiness of new tractor models

Moonrider is preparing electric tractors in the 27 HP, 50 HP, and 75 HP categories, all planned for commercial rollout soon.

Moonrider Tractors First Deliveries by February Next Year

Co-founder and CEO Anoop Srikantaswamy confirmed that the company expects to begin its first batch of deliveries by February next year. The brand has already secured MoUs for the supply of 6,000 tractors over the next three years, showcasing strong market confidence in its offerings.

Moonrider is also running customer trials across multiple regions as a part of its extensive field-testing program.

Technology-Driven Moonrider Tractors Designed for Indian Farmers

Founded in August 2023 by Anoop Srikantaswamy and Ravi Kulkarni, Moonrider aims to build heavy-duty electric tractors that lower operating costs and improve efficiency for farmers and fleet operators.
Key features of Moonrider’s electric tractors include:

• In-house battery systems
• Mobile app connectivity
• Fast charging support
• Over-the-air (OTA) updates
• Multiple charging options
• Home socket
• AC charger
• Portable DC charger (cuts charging time to around 30 minutes)

These capabilities are designed to make electric tractors more practical and accessible for real-world farming operations.

Growing Partnerships in the Agri Ecosystem

Moonrider has built strong partnerships to expand its market presence and service ecosystem. Notable collaborations include:

• EM3 Agri Services in Rajasthan - a leading mechanisation service provider
• Samunnati - a major agri-focused NBFC working with Farmer-Producer Organisations (FPOs)

These partnerships are expected to help Moonrider scale adoption among farmers and agri-service providers.

Competition in India’s Electric Tractor Segment

Moonrider operates in a rapidly growing electric tractor market in India. Other key players in this segment include Sonalika and AutoNxt, both working on bringing advanced electric models to farmers.

Conclusion

Moonrider’s USD 6 million Series A funding marks a significant step forward for India’s electric tractor revolution. With advanced engineering, fast-charging battery systems, and a strong lineup of upcoming tractor models, the company is set to drive major change in the agricultural sector. As deliveries begin and partnerships expand, Moonrider is well-positioned to become a key player in the shift toward sustainable, cost-efficient farming machinery.

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