Hyderabad based Startup Cellestial E-mobility has grabbed 35 Million Dollars valuation in its Pre-Series A fundraise.
This round of strategic financing included the Co-founder of Electric Motor Company and Ashik Karim – Founder of UpCapital Investments, Canada’s leading EV financial advisory group. Gurj Aujla and other High-Net-Worth Individuals from Canada with links to agriculture, commercial banking and wealth management have also participated in this round.
Cellestial unveiled its first Electric Tractor prototype in March 2020 with features like battery swap, regenerative braking, power inversion, residential AC power charging, and super fast charging. The Electric Tractor is built to run for longer periods with a full load, zero-emission, and stress-free operation and the vehicles have undergone 1000s of hours of rigorous field tests including vibration testing to confirm market readiness, says the company.
“Our proprietary battery technology and deep understanding of optimising the performance in the e-propulsion makes the difference in our Electric Tractor,” said Syed Mubasheer, Co-founder and CTO, Cellestial E-Mobility.
The company plans to introduce these tractors in the global market next year. Starting this year, Cellestial will start shipping units to early buyers, dealers in India followed by Canadian and Mexican pilot markets. The order book is around 1700 tractors, and shipments to consumers and 5 distributors across the country will commence soon, shared Siddhartha Durairajan, Founder and CEO, Cellestial.
Video interview with Siddhartha Durairajan – Specifications and Tost cost of operation for the e-tractor
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