EV tractor startup Moonrider raises $6 million from Pi Ventures, Singularity AMC

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Electric tractor startup Moonrider has raised $6 million in a funding round led by deep tech-focused investment firm Pi Ventures.

The round also saw participation from Singularity AMC and existing backers Advantedge Founders and Micelio Fund, the Bengaluru-based company said.

Founded in 2023, Moonrider develops electric tractors aimed at reducing operating costs for farmers and fleet operators. Moonrider claims its tractors can cut farming expenses by up to 80% and have reached price parity with diesel-powered tractors through vertical integration…



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EV tractor startup Moonrider raises $6 million from Pi Ventures, Singularity AMC



Electric tractor startup Moonrider has raised $6 million in a funding round led by deep tech-focused investment firm Pi Ventures.

The round also saw participation from Singularity AMC and existing backers Advantedge Founders and Micelio Fund, the Bengaluru-based company said.

Founded in 2023, Moonrider develops electric tractors aimed at reducing operating costs for farmers and fleet operators. Moonrider claims its tractors can cut farming expenses by up to 80% and have reached price parity with diesel-powered tractors through vertical integration…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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