Solectrac

company

About

Solectrac designs and sells electric tractors that can replace the diesel vehicles that are widely used in the agriculture industry.

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Details

Last Funding Type
Grant
Last Funding Money Raised
$225K
Industries
Automotive,Electric Vehicle
Founded date
Jan 1, 2012
Number Of Employee
1 - 10
Operating Status
Active

Solectrac designs and sells electric tractors that can replace the diesel vehicles that are widely used in the agriculture industry. This provides eco-friendly farming solutions. Compared to diesel tractors, electric tractors have several advantages: they are cleaner, are quieter, are more efficient, are less expensive to use, and provide their maximum torque and maximum power, regardless of the speed.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$225K
Solectrac has raised a total of $225K in funding over 2 rounds. Their latest funding was raised on Nov 30, 2016 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 30, 2016 Grant $225K 1 National Science Foundation Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Solectrac is funded by 1 investors. National Science Foundation are the most recent investors.
Investor Name Lead Investor Funding Round
National Science Foundation Yes Grant