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Cellestial E-mobility, which is a Hyderabad based maker of the first electric tractor in India has raised USD 5,00,000. The company is valued at USD 35 million. The electric tractor boasts of being first in its class with affordable pricing, path-breaking battery technology and torque that is primed to take on the tractor markets, with expansive sales and service dealer network.
The company said that this round of strategic financing included the Co- founder of Electric Motor Company, Ashik Karim, Founder of UpCapital Investments, Canada’s leading EV financial advisory group who have not just invested but expressed a deeper interest in supporting the company’s growth in branding and stewardship.