About Solectrac
Solectrac is a company based in Ukiah (United States) founded in 2012 by Stephen Heckeroth was acquired by Ideanomics in June 2021. Solectrac has raised $1.3 million across 2 funding rounds from investors including Ideanomics and National Science Foundation. Solectrac offers products and services including Food Menu, Drinks, and Catering Services. Solectrac operates in a competitive market with competitors including AutoNxt Automation, Farm-ng, Seederal, Cellestial E-mobility and Moonrider, among others.
- Headquarter Ukiah, United States
- Founders Stephen Heckeroth
-
Sectors
Transportation, Automotive & LogisticsAgriculture
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Molak Corporation
-
Annual Revenue
$83.26 K (USD)-45as on Dec 31, 2021
-
Net Profit
-$167.88 K (USD)7as on Dec 31, 2021
-
EBITDA
Not available
-
Total Equity Funding
$1.3 M (USD)
in 2 rounds
-
Latest Funding Round
$1.3 M (USD), Seed
Oct 22, 2020
-
Investors
Ideanomics
& 1 more
-
Employee Count
Not available
-
Acquired by
Ideanomics
(Jun 14, 2021)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Solectrac
Solectrac offers a comprehensive portfolio of products and services, including Food Menu, Drinks, and Catering Services.
Selection of Mexican dishes including enchiladas and fajitas for on-site dining
Variety of quenching beverages to complement meals
Options for catering events with Mexican-inspired food
Funding Insights of Solectrac
Solectrac has successfully raised a total of $1.3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.3 million completed in October 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Solectrac
Solectrac has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Ideanomics and National Science Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Electric vehicles are manufactured and distributed using blockchain technology.
|
Locked | Locked | Locked | |
|
A government-backed foundation providing seed-stage investments to support small businesses.
|
Locked | Locked | Locked |
Investor details for Solectrac
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Solectrac
Investment portfolio details for Solectrac
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Solectrac
Detailed financials for Solectrac
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Solectrac Comparisons
Peer comparison for Solectrac
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Solectrac
Solectrac operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AutoNxt Automation, Farm-ng, Seederal, Cellestial E-mobility and Moonrider, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Electric tractors are manufactured for agriculture, industry, and defense uses.
|
|
| Locked | Locked | Locked |
Provider of electric tractors for farmers
|
|
| Locked | Locked | Locked |
Electric tractors are provided for farmers' battery-powered field operations.
|
|
| Locked | Locked | Locked |
AI-enabled electric tractors and components are manufactured.
|
|
| Locked | Locked | Locked |
Heavy-duty electric tractors for agricultural use are manufactured.
|
Detailed competitors of Solectrac
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Solectrac
Complete news archive for Solectrac
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Solectrac
Solectrac was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Solectrac is headquartered in Ukiah, United States. It is registered at Ukiah, California, United States.
Stephen Heckeroth is the current CEO of Solectrac. They have also founded this company.
Solectrac is a funded company, having raised a total of $1.3M across 2 funding rounds to date.
Annual revenue of Solectrac is $83.26K as on Dec 31, 2021.
Solectrac was founded in 2012 and is based in Ukiah, United States. Electric tractors are produced by the company within the sustainable agriculture equipment sector. Models such as the E-utility and E-framer are developed, incorporating features including optimized battery charging, exchangeable battery packs, and joystick controls. Operations focus on advancing electric propulsion for farming applications across various terrains.
Solectrac's top competitors include Farm-ng, AutoNxt Automation and Cellestial E-mobility.
Solectrac offers Food Menu, Drinks, and Catering Services.
Solectrac has 2 investors. Key investors include Ideanomics, and National Science Foundation.