EV tractor manufacturer Moonrider has raised $6 million in a Series A round led by pi Ventures. Singularity AMC also joined the round, along with existing investors Advantedge Founders and Micelio Fund. The company last secured $2.2 million in seed funding in January 2025.
The funding will help Moonrider move from pilot deployments to full-scale commercial rollout. The company plans to strengthen its powertrain and battery systems while preparing manufacturing for larger market expansion.
Founded in 2023 by Anoop Srikantaswamy and Ravi Kulkarni, the Bengaluru-based company builds heavy-duty electric tractors designed as cost-efficient alternatives to diesel models. The lineup includes 27 HP, 50 HP, and 75 HP tractors capable of supporting core farm operations including deep plowing and tilling.
Moonrider says its tractors can reduce operating expenses by up to 80% while maintaining price parity with diesel machinery. The company currently has 27 HP and 50 HP loaders in the market featuring a seven-hour runtime and 30-minute charging capability. It also reports having secured complete homologation for road-ready use as it prepares for commercial expansion.
