A small tractor firm called Geeani Agritech displayed their creative design meant for small-scale farmers. Established in 2022, the company specializes on producing reasonably priced electronic tractors fit for farmers on small acreage. The business owners sought to offer reasonably priced alternatives to people unable of affording costlier models. They exchanged 7.5% shareholding for investment of Rs.75 lakhs.
Designed for Indian farmers, their tractor can be utilized in intercropping. It just stands three feet tall. They have been patient with drive train technology. Although the company is pre-revenue at the time of the pitch, founders say they received over 500 questions. It runs eight times more efficiently than diesel driven tractors. Their three-year battery warranty covers claim for seven to eight years. Product costs ₹3.8 lakh; for 100-unit order, that comes to ₹3 lakhs. Their monthly current capacity stands at one hundred units. Their whole investing is ₹25 lakhs.
Company Name: GeeAni
Founder: Dr. Vishal Bajaj
Product: Tractor Company
Highlights
1. An environmentally beneficial substitute for conventional tractors, electric tractors run on electricity rather than petrol.
2. Smaller landholders, particularly in rural regions, will find Compact Design to be more reasonably priced than standard tractors.
3. Affordable: With an eye on making, it more easily available to farmers in tier 2 and tier 3 cities, the product seeks to lower the cost of farming by providing an affordable alternative.
4. Using electricity helps to lower pollution and dependency on fossil fuels, so supporting sustainable farming methods.
5. The tractor is meant to be user-friendly since its simpler running mechanism than other versions allows farmers with minimal technical expertise access.
6. Target Market: It especially aims at small-scale farmers who sometimes find it difficult to finance big, fuel-based tractors.
Pitch Details
Ask: ₹75 lakhs for 7.5% equity, valuing the company at ₹10 crores.
Deal: After negotiation Aman Gupta, Vineeta Singh and Anupam Mittal, finished the deal at ₹1 crore for 10% equity.
Investors: The investment came from Aman Gupta, Vineeta Singh and Anupam Mittal.
Conclusion
For small-scale farmers, GeeAni’s electric tractor provides a reasonably priced, environmentally responsible, user-friendly alternative to conventional farming tools. Its modest size fits small areas, and its electric power lowers running expenses and environmental impact. Particularly in rural and tier 2/3 towns, GeeAni has the ability to increase agricultural output and encourage sustainable farming practices by giving farmers an easily available substitute for costly, gasoline-powered tractors. GeeAni’s creative approach helps it to be positioned to change the agricultural scene.
