AutoNxt Automation To Launch An Electric - Self Driving Tractor

Electric tractor venture startup, AutoNxt Automation had secured funding of Rs. 6.4 crores in angel investment from HNI in their seed funding round in March-April this year.

The company used this funding very efficiently in R&D, tooling and testing of their first electric tractor for 3 years. In addition to that they also introduced 3 different variants of the electric tractor.

Now AutoNxt Automation is set to launch the 20HP, 35HP and 45HP variants of electric tractors in the market in the current financial year. It is now looking to start its pre-series A funding round for Rs. 27 Crores ($3.5 M).

The company has also built its entire supply chain and assembly setup from ground up. Simultaneously, the company has built the production-ready high torque Electric Powertrain and is the only one in the market with high voltage systems. 

Since 2016, the company has bolstered its team with experienced industry professionals. The company has also been actively working on their automation stack powered with AI and 5G technology which they are testing on various used cases of tractors. 

The company plans to release their autonomous driving features by 2024. This will add to the benefits of Electric tractors and reduce the hardships that farmers go through while driving a tractor on the field in extreme conditions.

For the powertrain integration parts and the hood, the manufacturer is ready with the production ready moulds. Their hood and dashboard have distinctive styles and tooling. For their tractors, AutoNxt Automation has created a smart VCU which gives a complete smart analysis of the tractor performance, health and the possibility to give tractors on lease, along with a mobile application for the same.

“With this next round of funding, we will focus on our electric tractors' production readiness as well as their market introduction by the end of this year. Through the implementation of a new lease and distribution model for the AutoNxt electric - self-driving Tractor, we hope to change and redefine the agricultural tractor market. When compared to the standard tractors already on the market, the cost-saving technology reduces operational costs by up to four times. Due to our company's efforts to lead the electric vehicle market, we want to significantly cut carbon emissions not only in India but also globally” said Kaustubh Dhonde, Founder & CEO of AutoNxt Automation.