The Breton industrial startup announced a €7.1 million fundraising round led by Supernova Invest, followed by Ankaa Ventures, Unilis (Unigrains Group), CA Morbihan Expansion, Kima Ventures, and its historical partners Xplore by Épopée Gestion and Breizh Up. This operation will enable it to accelerate the development of its electric tractor, designed for agricultural work in the fields. Alongside this fundraising, Seederal announced it has been awarded the France 2030 program with €3.7 million in aid.
A first fundraising round in 2022, along with support from Bpifrance, the Brittany Region, and Crédit Agricole du Finistère, had enabled Seederal to prototype its electric tractor. This new funding round, following the success of initial field trials, aims to finance continued R&D efforts.
A unique technology for sustainable agriculture
Since its creation, Seederal has developed a first 160-horsepower electric tractor prototype and demonstrated the reliability of its electric drivetrain. It now relies on an internal team of 12 expert engineers and several world-class industrial partners. This new funding validates the relevance of its technological concept and will enable Seederal to embark on the next phase of developing its innovations (at the heart of which is its chassis-battery system), strengthening its patent portfolio, and launching iterative prototypes with a view to presenting its definitive model in 2026.
« The support received from the France 2030 program, the arrival of new renowned investors, and the renewed trust of our historical investors are all strong indicators of the relevance of our approach. We recently reached a milestone by demonstrating that our first prototype developed the necessary power for the most demanding applications, and this funding round will allow us to reach the next level: confirming the long autonomy of our tractors for field applications » declares Antoine Venet, CEO and co-founder of Seederal.
With €11 million in secured funding, Seederal is accelerating its technological development and entering its industrialization phase. The team will be significantly strengthened over the next 18 months in both Rennes and Brest.
The investors involved in the operation share the vision of decarbonized agriculture:
« The tractor is central because it mechanizes all stages of the crop cycle: preparation, sowing, protection, fertilization, and harvesting. It is a tool for energy and food security. The support from financial partners, particularly agricultural sector specialists, and the backing of the France 2030 program demonstrate the importance of providing a decarbonized solution at scale, and we are the first to develop the technical building blocks to do so. » adds Arthur Rivoal, CTO/CVO Co-founder at Seederal.
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A solution that targets the core segment of agricultural machinery for maximum impact
While other electrification projects focus on low-power tractors (up to 100 horsepower) without technological breakthroughs, Seederal targets the core segment of agricultural machinery: medium-power (tractors between 100 and 200 horsepower). This segment is characterized by a deep market in Europe due to the versatility of these machines. Indeed, with over 9 billion euros in annual sales, this segment accounts for more than half of the tractors sold in Europe.
The transition challenge is significant: agricultural machinery as a whole accounts for 2% of annual greenhouse gas emissions and 3% of energy consumption in France. Seederal positions itself as a key player in reducing these emissions by offering electric tractors that decrease the carbon footprint by 15 to 20 tons per unit per year, equivalent to the annual emissions of 17 cars1.
« As the first investment of our new AgriFoodTech fund launched with Crédit Agricole, Seederal opted for a complete overhaul of the architecture with an innovative design based on an integrated battery-chassis, similar to the one adopted by Tesla. This disruptive approach aims to achieve optimal energy density in the battery system », says Romain Sautrau, Investment Director at Supernova Invest.
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