Angel Investments
Electric tractor maker AutoNxt Automation raises Rs.6.4 Cr
Thane-based AutoNxt Automation has raised INR 6.4 crore from high network individuals in a seed round of funding. The funding round was led by Keiretsu Forum, Virya Mobility 5.0 and a few angels like Ayad Khalil Chammas (investor in the EV space), Chand Das (former CEO of ITC), Nitin Johar (CFO for IDO at Govt of Ras Al Khaimah), Suveer Sinha (India head for KKR Capstone), and Ravichandran Sargunaraj (former Executive Director at TVS Logistics). Founded by Kaustubh Dhonde, the automation technology startup is focused on launching India's first electric, autonomous (self-driving) tractor. The company has been using the funding in R&D, tooling and testing of electric tractor for over three years.
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