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Electric tractor technology startup Moonrider raises $2.2 million

Electric tractor technology startup Moonrider raises $2.2 million


Published on 2025-01-07 11:42:25 - MSN
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  • The funding round was co-led by mobility technology funds AdvantEdge Founders and Micelio Technology Fund. A group of angel investors also participated in the round. The funds will be used to push innovation and build capabilities in vehicle engineering,

Moonrider, an electric tractor technology startup, has successfully raised $2.2 million in a pre-seed funding round. The investment was led by AgFunder, with participation from other investors like Climate Capital, VU Venture Partners, and the Grantham Foundation. This funding will support the development of Moonrider's innovative electric tractor designed for small to medium-sized farms, focusing on reducing emissions and operational costs. The startup aims to address the agricultural sector's need for sustainable and efficient machinery, with their tractor featuring a modular design that can be adapted for various farming tasks. Moonrider plans to use the funds to further refine their prototype and prepare for market entry, emphasizing the tractor's potential to lower the carbon footprint of farming operations.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/news/techandscience/electric-tractor-technology-startup-moonrider-raises-2-2-million/ar-AA1x6RkI ]
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