Moonrider, the Bengaluru based electric tractor startup, has secured $6 million in its Series A funding round led by pi Ventures, with participation from Singularity AMC and existing backers Advantedge Founders and Micelio Fund. The fresh capital marks a significant milestone for the young agritech company as it prepares to scale from pilot projects to full fledged commercial deployment.
This funding follows Moonrider’s earlier $2.2 million seed round raised in January 2024, co-led by Advantedge Founders and Micelio Technology Fund, along with several angel investors. The combined investment strengthens the company’s ability to build and deploy next generation agricultural machinery designed to reduce operational costs for farmers.
Founded in 2023 by Anoop Srikantaswamy, Moonrider develops heavy-duty electric tractors through deep vertical integration across drivetrain engineering, battery systems, and electronic components. According to the company, its tractors can cut farming and land-preparation costs by up to 80%, while maintaining price parity with traditional diesel tractors. This cost advantage positions the company to capture a significant share of India’s evolving tractor market.
India sells nearly one million diesel tractors annually, and rising fuel and maintenance costs are accelerating the shift toward electric alternatives. Market research indicates that electric tractor adoption is set for strong growth as farmers seek more efficient, sustainable, and affordable machinery.
The funding announcement comes at a time when investor interest in agritech and farm mechanization is rising. Recently, Tractor Junction, a leading marketplace for tractors and farm equipment, raised $22 million in a round led by Astanor, with participation from Info Edge and Omnivore highlighting growing momentum in the sector.
With its Series A funding secured, Moonrider aims to fast-track commercialization and strengthen its position as a key player in India’s emerging electric farm machinery ecosystem.
Moonrider, the Bengaluru-based electric tractor startup, has secured $6 million in its Series A funding round led by pi Ventures, with participation from Singularity AMC and existing backers Advantedge Founders and Micelio Fund. The fresh capital marks a significant milestone for the young agritech company as it prepares to scale from pilot projects to full fledged commercial deployment.
This funding follows Moonrider’s earlier $2.2 million seed round raised in January 2024, co-led by Advantedge Founders and Micelio Technology Fund, along with several angel investors. The combined investment strengthens the company’s ability to build and deploy next-generation agricultural machinery designed to reduce operational costs for farmers.
Founded in 2023 by Anoop Srikantaswamy, Moonrider develops heavy-duty electric tractors through deep vertical integration across drivetrain engineering, battery systems, and electronic components. According to the company, its tractors can cut farming and land-preparation costs by up to 80%, while maintaining price parity with traditional diesel tractors. This cost advantage positions the company to capture a significant share of India’s evolving tractor market.
India sells nearly one million diesel tractors annually, and rising fuel and maintenance costs are accelerating the shift toward electric alternatives. Market research indicates that electric tractor adoption is set for strong growth as farmers seek more efficient, sustainable, and affordable machinery.
The funding announcement comes at a time when investor interest in agritech and farm mechanization is rising. Recently, Tractor Junction, a leading marketplace for tractors and farm equipment, raised $22 million in a round led by Astanor, with participation from Info Edge and Omnivore highlighting growing momentum in the sector.
With its Series A funding secured, Moonrider aims to fast track commercialization and strengthen its position as a key player in India’s emerging electric farm machinery ecosystem.
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