The SPV will offer specialised agricultural equipment and vehicles to farmers
NEW DELHI, 29 May 2024: NACOF Oorja, one of India's leading Renewable Energy developers and operators, supported by NACOF, a multi-state Cooperative Society registered under the Ministry of Agriculture, today announced the launch of a Special Purpose Vehicle (SPV), E ASTRA NACOF OORJA Pvt Ltd to promote sustainable farming and make cultivation a profitable affair.
The SPV is set to act as NACOF Oorja's agricultural mobility wing, catering to the Indian farming community by offering battery-operated equipment and vehicles.
The newly-founded SPV will offer specialised agricultural equipment and vehicles such as E- Weeder, E- Reaper, E- Brush cutter and E- Cargo multi-utility 3 wheeler, along with a newly developed 20-litre Milking Cum Chiller unit focused on sustainable dairy farming. In a strategic move, E Astra has also set up a separate Advanced Technology centre that has developed a patient-applied VCU, which controls all functions of an EV and is based on Electric Vehicle Range Extender technology.
Ram Iqbal Singh, Chairman, NACOF OORJA, described the company's vision behind the SPV, by saying, "Our commitment to contribute to the effort of establishing India as a developed nation played a significant role behind this new initiative. Farmers are our Annadata, and to assist their community with cutting-edge indigenous and affordable agricultural equipment that runs on clean energy will multiply their productivity. Also, our digital farming solutions consisting of Artificial Intelligence and data analysis will help them with invaluable information regarding the crop status, weather updates as well as irrigation, streamlining the efforts in a hassle-free way."
Suresh Babu P, Managing Director, NACOF OORJA, also had similar thoughts, which he shared by saying, "Sustainable agriculture is the need of the hour. Our farmers need all the help they can get and by aligning our superior equipment and mobility products with their requirements, we can empower them to increase their productivity while ensuring farming remains a profitable way of income for them. The primary objective of the SPV remains to empower the Indian farmers with cutting-edge technology, and mechanising their efforts, bringing them at par with the latest practices in agriculture and we are confident of our ability to achieve this target."
The new agricultural offerings by the SPV, designed and manufactured domestically and using indigenous technologies, align perfectly with the Make in India initiative. NACOF Oorja is visibly increasing its footprint in India's agricultural community, as the development comes right after NACOF Oorja's MoU with Nashik-based electric mobility startup, which will focus on enhancing rural and agricultural mobility in the nation.