Solectrac Electric Tractors Launches Investment Campaign

Updated: Jul 29

May 28, 2020

Mendocino, CA --- Solectrac, Inc, manufacturer and distributor of electric farm and utility tractors launched its equity crowd funding campaign on Start Engine today.

“We are excited to begin a new chapter of growth and offer a piece of the action to the public,” said Steve Heckeroth, CEO and Founder. “Our quiet, zero emission tractors are the start of a new era in farming and everywhere tractors are used. Electric tractors let you get the work done without suffering the noise and exhaust from a diesel tractor.” 

Solectrac is currently selling a 30 HP 4 WD compact electric tractor, a 40 HP utility tractor while developing the eFarmer for row crops and a 70 HP model for more demanding tasks. These climate smart tractors have the power and torque to outperform diesels at low speeds and match their performance at higher speeds. They are built to be used anywhere diesel tractors currently function, including small farms, vineyards, greenhouses and livestock operations, as well as park maintenance in municipalities. 

Solectrac’s battery packs can be charged from the electric grid or directly from clean renewable energy sources, such as solar, wind or micro hydro to eliminate GHG emissions and fossil fuel use. The battery can also provide power, on their own, during utility interruptions and offers a convenient back up to run essential loads in homes, clinics, schools, and emergency shelters.

Customers “can become energy independent with our tractors,” Heckeroth said. All that is needed to charge the Solectrac battery packs is a 4kW solar array. “Imagine your food coming from a farm where the tractors were charged directly from the sun and the workers enjoying clean air and a conversation while they work” Heckeroth said.

Solectrac partnered with Start Engine for this fundraising campaign, “because the platform has been both supportive and successful working with environmentally friendly companies that are on the road to producing substantial change toward a sustainable future,” noted Christiane Heckeroth, CCO. 

Solectrac was nominated for Innovator of the Year 2019 at the Farm Progress Show in Regina, Canada and received the 2019 Innovation Award from Escorts of India. As other North American tractor companies are just getting started with R&D for electric tractors, Solectrac has already been producing and selling their tractors in the United States, Canada and Norway.

Solectrac launches their campaign in a market that is focused on the “green revolution”, with little competition.  “Solectrac represents the very future of agriculture and the start of an electric tractor revolution” Dr. Roger Hoy, Director of the Nebraska National Tractor Testing Laboratory. Solectrac is clearly positioned to grab the attention of investors and may just be “the future of farming.”