Hyderabad

City start-up gearing up to launch electric tractors

To roll out first prototype in the next one month

Cellestial E-Mobility, a city-based start-up, is gearing up to launch electric tractors.

The company is in the advanced stage of developing electric tractors, with longest battery life in the market. “We are readying to roll out the first prototype in the next one month,” founder promoter Siddhartha Durairajan said on Tuesday.

The tractor would be apt for horticultural or greenhouse work or moving goods within factories, and as a vehicle to haul luggage at airports. Cellestial has a capacity to build 100 e-mobility heavy vehicles, something the company intends to increase as the demand for product picks-up.

The company had launched business operations in May this year and has got an initial funding of $200,000. The first round of investment was from angel investor, Meka Sudhakar Reddy, a Singapore-based NRI with over 18 years of expertise in logistics space, a release from Cellestial E-Mobility said.

The start-up is upbeat about the market potential as the transition to EV opens a window of opportunity for Indian manufacturers. The government emphasis on introduction of electric vehicles, rapidly declining battery costs, technological advances in charging infrastructure , innovative business models, the influx of smart digital technologies, as well as green policies and subsidies are bound to provide impetus to the programme, the release said.

Why you should pay for quality journalism - Click to know more

Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Feb 24, 2020 1:29:51 AM | https://www.thehindu.com/news/cities/Hyderabad/city-start-up-gearing-up-to-launch-electric-tractors/article28692621.ece

Next Story