Enter your city for weather info

Invalid City Name

rain icon
Temperature 22°C
Status Clear
City New York
4-Day Forecast
Humidity icon



wind icon

15 km/h

Wind Speed

Please Enter OTP For Tractor Price कृपया ट्रैक्टर की कीमत के लिए ओटीपी दर्ज करें
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 20 HP, 35 HP and 45 HP 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.

https://images.tractorgyan.com/uploads/106555/64f598e412d96-contour-farming-process-and-benefits.jpg Contour Farming: Process & Benefits
Contour farming is a time-tested agricultural practice that focuses on tillage conservation. It involves cultivating crops along the natural contours ...
https://images.tractorgyan.com/uploads/26871/6309e7766a181_pesticides.jpg What are pesticides? Precautions to be taken while using them
Pesticides are substances or say a mixture of substances of chemical or biological ingredients which are used to destroy, control, or repair the damag...
https://images.tractorgyan.com/uploads/109050/6512785a794e7-dragon-fruit-farming-in-india.jpg Dragon Fruit Cultivation in India: Health Benefits, Varieties and Profitable Farming
Learn about dragon fruit cultivation its varieties and health benefits in this comprehensive blog. Discover why dragon fruit farming is gaining popula...

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


क्या-क्या गुड न्यूज़ लेकर आ सकता है यूनियन बजट 2024 किसानों के लिए?

संसद के मानसून सत्र के दौरान 23 जुलाई 2024 को वित्त मंत्री निर्मला सीतारमण मोदी सरकार 3.0 के लिए यून...


What Makes Solis Tractors the Most Powerful Multi-Speed Tractor in India?

Solis Tractors needs no introduction as this tractor manufacturing brand has managed to become &lsqu...

https://images.tractorgyan.com/uploads/113823/6692222f0f3c2-vst-zetor-introduced-tractors-in gujarat.jpg

VST Zetor Introduced Tractors in Gujarat

12 July 2024: VST Zetor range of tractors, jointly developed by VST Tillers Tractors Ltd and HT...

Select Language

tractorgyan offeringsTractorGyan Offerings