Enquiry icon

Enquiry Form

AutoNxt Automation is expected to roll out its first e-tractor in 20HP, 35HP and 45HP variants by the year end

AutoNxt Automation is expected to roll out its first e-tractor in 20HP, 35HP and 45HP variants by the year end

    AutoNxt Automation is expected to roll out its first e-tractor in 20HP, 35HP and 45HP variants by the year end

26 Aug, 2022

Mumbai: AutoNxt Automation is looking to raise Rs 27 crore (USD 3.5 million) in pre-Series A funding round by October-November for the production of electric tractor and its launch, founder and CEO Kaustubh Dhonde said. Founded in 2016, the automation technology startup is expected to roll out its first e-tractor in 20HP, 35HP and 45HP variants by the year end, Dhonde told PTI. 

In May this year, the company completed the last tranche of Rs 6.4-crore seed funding round from angel investors.

"We are working on raising Rs 27 crore (USD 3.5 million) in the pre-Series A round of funding. We are typically looking at strategic investors who are from the family offices, having experience in manufacturing, and our focus will also be on VCs who are investing to harvest the electric mobility space," Dhonde said. 

He said the company expects the Series A fundraise process to be completed by October-November. 

The funds will be used for the pilot production of the electric tractors, expanding the workforce and roll out of the e-tractor in the market. 

Dhonde said that the company has orders for around 150 electric tractors in hand and has also received interest from European customers. 

The production is expected to commence from January onwards while the tractor may hit the farms by March, he said.

 

Read More

 Escorts Agri Machinery sold 10,051 tractors in June 2022       

Escorts Agri Machinery sold 10,051 tractors in June 2022

Read More  

 Escorts Kubota Limited sold 5,360 tractors in July 2022       

Escorts Kubota Limited sold 5,360 tractors in July 2022    

Read More  

 Vst sold 502 Tractors and 3747 Power Tillers in July'22       

Vst sold 502 Tractors and 3747 Power Tillers in July'22    

Read More

Top searching blogs about Tractors and Agriculture

Top 10 Tractor brands in india To 10 Agro Based Indutries in India
Rabi Crops and Zaid Crops seasons in India Commercial Farming
DBT agriculture Traditional and Modern Farming
Top 9 mileage tractor in India Top 5 tractor tyres brands
Top 11 agriculture states in India top 13 powerful tractors in india
Tractor Subsidy in India Top 10 tractors under 5 Lakhs
Top 12 agriculture tools in India 40 Hp-50 Hp Tractors in India

review Write Comment About Blog.

Enter your review about the blog through the form below.



Customer Reviews

Hi tractorgyan.com owner, Keep up the great work!

user reviewBy Erlinda Lambert  19-04-2023

To the tractorgyan.com admin, Your posts are always well-balanced and objective.

user reviewBy Chiquita Kahl  19-04-2023

Popular Posts

https://images.tractorgyan.com/uploads/109005/650d3846e0a34-what-is-floriculture-types-and-ideal-conditions.jpg

What is Floriculture? Different Types and Ideal Conditions for Floriculture in India

When it comes to farming, it’s hard to beat India. Whether it’s the production of crops...

https://images.tractorgyan.com/uploads/108994/650c07b76aa3c-subsidy-on-agricultural-equipments.jpg

इन कृषि यंत्रो पर मिलेगी भारी सब्सिडी, जानिए कहां करना है आवेदन !

ई -कृषि अनुदान भारतीय किसानों को सही सहायता पहुँचाने का हर भरसक प्रयास करती हैं। यह विभाग कृषि उत्पा...

https://images.tractorgyan.com/uploads/108978/650aa1e9e18f8-Sugarcane-farmers-will-get-compensation-for-crop-loss.jpg

गन्ना किसानों को बारिश और बाढ़ में हुए फसल नुकसान पर मिलेगा भारी मुआवजा, इस तरह करें आवेदन

एक किसान होना आसान नहीं है। जब कईं महीनों की मेहनत के बाद फसल तैयार होती है और जब बाढ़, बारिश, कीटों...

Select Language

tractorgyan offeringsTractorGyan Offerings