Cellestial E-Mobility Acquired
Hyderabad-based manufacturer of electric tractors (27HP/35HP/55HP models) with swappable batteries, regenerative braking and drive-by-wire control. Became a majority-owned (2022) and then wholly-owned (2023) subsidiary of TI Clean Mobility, part of Tube Investments of India / Murugappa Group.
Cellestial E-Mobility: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 27 May 2021 | Pre-Series A | $500K | Ashik Karim Gurj Aujla | source |
| 23 Jul 2019 | Seed | $200K | Meka Sudhakar Reddy | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 27 Jan 2023 | TI Clean Mobility | Cellestial E-Mobility | ₹50.90 Cr | source |
| 4 Mar 2022 | TI Clean Mobility | Cellestial E-Mobility | ₹161 Cr | source |
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Who founded Cellestial E-Mobility?
Cellestial E-Mobility was founded by Siddhartha Durairajan, Syed Mubasheer Ali, Midhun Kumar, Vinod Moudgil in 2019.
How much funding has Cellestial E-Mobility raised?
Cellestial E-Mobility has raised $700K across 2 tracked funding round(s), most recently on 2021-05-27. Figures are compiled from cited public sources.
Who are the investors in Cellestial E-Mobility?
Investors in Cellestial E-Mobility include Ashik Karim, Gurj Aujla, Meka Sudhakar Reddy.
What does Cellestial E-Mobility do?
Hyderabad-based manufacturer of electric tractors (27HP/35HP/55HP models) with swappable batteries, regenerative braking and drive-by-wire control. Became a majority-owned (2022) and then wholly-owned (2023) subsidiary of TI Clean Mobility, part of Tube Investments of India / Murugappa Group.
Where is Cellestial E-Mobility headquartered?
Cellestial E-Mobility is headquartered in Hyderabad, Telangana, India.
What is Cellestial E-Mobility's business model?
Cellestial E-Mobility's core value proposition centers on Lower total cost of ownership than diesel tractors, Swappable, fast-rechargeable battery, Drive-by-wire control ("ePEA"), Performance parity with diesel tractors.