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Moonrider raised $2.2M in seed funding led by AdvantEdge Founders and Micelio Technology Fund to enhance innovation in vehicle engineering and software.

Jan 07, 202512 months ago

Amount Raised

$2.2 Million

Round Type

seed

BengaluruFarming

Investors

Angel InvestorsMicelio Technology FundAdvant Edge Founders

Description

Moonrider has successfully raised $2.2 million in a seed round to advance its electric tractor offerings. The funds will be utilized to boost innovation in vehicle engineering, software, and battery technology.

Company Information

Company

Moonrider

Location

Bengaluru, Karnataka, India

About

Moonrider is a pioneering electric tractor manufacturer, revolutionizing global agriculture with cutting-edge products and battery technology. Our mission is to drive sustainable farm mechanization, boosting productivity and profitability for farmers in India and beyond. By empowering farmers to learn more, produce more, and earn more, we are committed to transforming the future of farming. At the core of our efforts is relentless innovation in product development and battery technology, that proves beneficial for applications beyond agriculture as well - such as airports, civil infrastructure & construction, mining and supply chain/logistics.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers