Cellestial E-Mobility unveils electric tractor
Hyderabad: Cellestial E-mobility, a city-based startup, on Wednesday unveiled its first electric tractor. It is planning to raise around $6-8 million for expansion.
Launching the electric tractor prototype, Siddhartha Durairajan, Co- Founder and Promoter of Cellestial E- Mobility told reporters that the e-tractor is engineered to be a zero-emission environment-friendly tractor for horticultural or Greenhouse works or moving goods within factories, warehouses and to haul baggage in airports.
"This is the first working prototype. The working prototype is ready for going into the production model. We can get the production model rolled out in the next three-six months.
We are targeting to build 8,000 tractors in the next 36 months. We are trying to price it sub-below Rs 5 lakh," Siddhartha said.
The startup began its operations in May 2019 and raised a round of investment of $2 lakh funding from Singapore-based Angel Investor. The company is looking at raising around $6-8 million in the next six months.