Cellestial Raises Funding $500K From Canada Based Investors
- ByStartupStory | May 28, 2021
Cellestial raises funding $500,000 in a pre-Series A funding round at a valuation of $35 million. Cellestial E-mobility, the maker of the first electric tractor in India, received financing from Ashik Karim, Founder of UpCapital Investments, and Canada’s leading EV financial advisory group.
Gurj Aujla and other HNIs from Canada with links to agriculture, commercial banking, and wealth management also participated in Cellestial raises funding in a pre-Series A funding round.
Siddhartha Durairajan, Co-founder and CEO, Cellestial said in regard to Cellestial raises funding “The USP of our electric tractor is that it is the 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.”
Starting this year, the startup will start shipping units to early buyers and dealers in India followed by Canadian and Mexican markets. The order book is around 1,700 tractors, and shipments to consumers and five distributors across the country will commence soon.
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