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Indian electric tractor startup secures $2.2m seed funding
Bengaluru-based startup Moonrider has raised US$2.2 million in a seed funding round.
The investment was co-led by AdvantEdge Founders and Micelio Technology Fund, with participation from several angel investors.
Founded in August 2023 by Anoop Srikantaswamy and Ravi Kulkarni, Moonrider specializes in heavy-duty electric tractors.
The co-founders have experience with companies such as the Volvo Group, Ola Electric, and Olectra BYD.
The funds will be used to enhance the company’s vehicle engineering, vehicle software, and battery technology.
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