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DateInvestorsAmountRound
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N/A

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$230k

Grant
N/A

$986k

Seed
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$986k

Seed

$1.3m

Seed

$18.1m

Valuation: $18.1m

Acquisition
Total Funding€3.2m

Recent News about Solectrac

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Solectrac is a pioneering company in the electric tractor industry, offering sustainable and cost-effective solutions for modern agriculture. The company designs and manufactures electric tractors that serve a wide range of clients including wineries, grape growers, and other agricultural businesses. Operating primarily in the agricultural machinery market, Solectrac's business model focuses on selling electric tractors that are more economical and environmentally friendly compared to traditional diesel-powered tractors. The company generates revenue through direct sales of its electric tractors and also participates in incentive programs like the California CORE Voucher Program, which helps businesses and governments offset the cost of purchasing zero-emission equipment. Solectrac's electric tractors are known for their lower fuel costs, reduced maintenance needs, and the ability to be charged from renewable energy sources such as solar power. The company has received multiple industry accolades, including the WINnovation Award and being named a Top 10 Product at the World Ag Expo in 2022.

Keywords: electric tractors, sustainable farming, agricultural machinery, cost-effective, low maintenance, renewable energy, zero-emission, California CORE, WINnovation Award, World Ag Expo.

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