Solectrac designs and sells electric tractors that can replace the diesel vehicles that are widely used in the agriculture industry.
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.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Nov 30, 2016 | Grant | $225K | 1 | National Science Foundation | — | Detail |
Investor Name | Lead Investor | Funding Round |
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National Science Foundation | Yes | Grant |