Tractor Factory Secures Rs 4 Crore in Pre-Seed Funding for Electric Tractor Solutions
Tractor Factory, a pioneering company in electric tractor technology, has successfully secured Rs 4 crore (approximately $500,000) in its pre-seed funding round. This investment was led by All In Capital, a prominent early-stage investment firm.
Notable investors participating in this funding round include:
- Bharat Founders Fund
- Devc
- Dhingra Partners Prosperity Trust – affiliated with the Kirloskar Generators family office
Additionally, a number of angel investors joined this initiative, including:
- Samir Sood (Founder of Venture Highway)
- Abhishek Goyal (Founder of Tracxn)
- Aayush Phumbra (Founder of Chegg)
- Puneet Kumar (from Steadview Capital)
The funds raised will be directed towards:
- Enhancing technology capabilities
- Expanding market reach
- Improving customer experience
Founded by Shailesh Tiwari in 2024, Tractor Factory operates an omnichannel marketplace designed to meet farmers’ mechanisation needs, making the buying and selling of used tractors more accessible and cost-effective.
In related news, last week electric tractor manufacturer Moonrider secured a seed funding round of $2.2 million (Rs 19 crore), co-led by AdvantEdge Founders and Micelio Technology Fund.
According to data from a leading intelligence platform, startups within the electric vehicle (EV) sector raised a total of $616.78 million across 48 deals in 2024.