Minnesota AgTech Startup ATC Is Raising A Million

Autonomous Tractor Corporation (ATC) is raising $1 million equity round with $350k sold per SEC disclosure.

 

Self-described as ‘Tesla for tractors’, ATC is focused on the retrofitting of heavy farm equipment with electrical components to  convert them into hybrid machines.  Born in 2012 and led by founder/CEO Kraig Schulz,  ATC claims its eDrive product can result in 10-40% less fuel consumption and 50% less maintenance costs.  The system also boasts automation capabilities.

ATC is post-revenue generation and has raised an unknown amount of prior investment; Linkedin shows approximately 10 people affiliated with the St. Michael-based firm.

 

 

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