BENGALURU: Hyderabad-based electric vehicle start-up Cellestial, which claims to be manufacturing India\u2019s first e-tractor, said that it has raised fresh funding at a $35 million valuation in a pre-Series A round. With the fresh funds raise, the company plans to take its e-tractors to markets such as Mexico and Canada, with the company saying that it would be able to offer low operating costs for farmers.<\/p>\n
Celestial said in a statement that with \u201cgrowing user response coupled with a consistent revenue generation\u201d, it had successfully closed its initial $0.5 million fund raise. The round was led by Ashik Karim, founder of UpCapital Investments. Siddhartha Durairajan, founder and CEO, Cellestial, said that the USP of the company\u2019s electric tractor is its affordable pricing, \u201cpath-breaking\u201d battery technology, and torque that is primed to take on the tractor markets. <\/p>\n","protected":false},"excerpt":{"rendered":"
BENGALURU: Hyderabad-based electric vehicle start-up Cellestial, which claims to be manufacturing India\u2019s first e-tractor, said that it has raised fresh funding at a $35 million valuation in a pre-Series A round. With the fresh funds raise, the company plans to take its e-tractors to markets such as Mexico and Canada, with the company saying that it would be able to offer low operating costs for farmers. Celestial said in a statement that with \u201cgrowing user response coupled with a consistent revenue generation\u201d, it had successfully closed its initial $0.5 million fund raise. The round was led by Ashik Karim, founder […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,243,143],"tags":[],"class_list":["post-417305","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/417305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=417305"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/417305\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=417305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=417305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=417305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}