Solectrac (Equity)
Funding Details
Awarder
StartEngine
Date Award
December 9, 2020
Vertical
Electric Tractors
Premoney Valuation
$1,000,000
Valuation
$7,750,000
Funding Amount
$1,070,000
Company Info
Founding Year
2012
Traction
Sales in Q3 2020 were $257K as of 9/1/20, up more than 4x compared to Q2 2020.
Revenue Amount
$257,000,000
Founders
Stephen Heckeroth, Heather Paulsen, Nishi Deokule
Market
Agriculture
Location
Albion, CA, US
Company Description

Solectrac designs and sells electric tractors that can replace the diesel vehicles that are widely used in the agriculture industry.