Agovor Limited

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Agovor Limited - overview

Established

2022

Location

Auckland, -, New Zealand

Primary Industry

Automobiles, Other Vehicles & Parts

About

Agovor Limited, based in New Zealand, specializes in providing innovative agritech solutions focusing on automated farming technologies designed to streamline agricultural processes. Founded in 2022 and headquartered in Auckland, New Zealand, Agovor Limited specializes in developing advanced agricultural technologies. The company has successfully completed one funding deal to date. In February 2026, Agovor Limited raised AUD 3 million in pre-seed funding led by Tenacious Ventures with participation from Artesian.


An individual investor also participated in the round. This funding will be used to enhance research and development, expand manufacturing operations in Sydney, and establish sales and service infrastructure throughout Australia and New Zealand. Agovor specializes in innovative agritech solutions, primarily through its core product, the Agovor eTractor, a compact, fully electric tractor designed to automate manual labor tasks for row-based agricultural environments such as vineyards, orchards, and berry farms. The eTractor boasts a 10+ hour battery runtime and a towing capacity of 600 kg, facilitating a variety of tasks including mowing, spraying, and towing.


Accompanied by Smart Trailer Attachments that are purpose-built for specific agricultural functions, these products allow users to efficiently manage labor resources and automate repetitive tasks using IoT connectivity and GPS technology. Agovor's services target a broad range of agricultural clients, primarily in Australia and New Zealand, while also aiming to expand its reach to other international markets. The company's offerings are designed to reduce labor costs, improve productivity, and minimize the carbon footprint associated with traditional combustion tractors. Agovor generates revenue primarily through the sale and leasing of its eTractor and Smart Trailer Attachments, targeting both B2B clients and direct consumers in the agricultural sector.


The transaction structure is based on direct sales to agricultural businesses, which may include commercial nurseries, vineyards, and farms seeking to enhance operational efficiency through automation. Customers can utilize the Agovor Portal for managing their fleet, allowing for a streamlined approach to deploying and monitoring the equipment. The pricing model includes the acquisition of the eTractor and its associated attachments, potentially incorporating service agreements for ongoing support and maintenance. As a result, Agovor's revenue is derived from both the initial sales of its flagship products and possible recurring income from service and support arrangements.


Agovor Limited plans to expand its product line and market reach significantly in the coming years. Upcoming products include advanced models of the eTractor that are currently under development and are expected to launch in the next 18 months. The company aims to penetrate new geographic markets, focusing on regions in Asia and North America by 2027. The recent funding of AUD 3 million will be crucial in supporting these initiatives, particularly in accelerating research and development, enhancing manufacturing capabilities in Sydney, and establishing a robust sales and service network across Australia and New Zealand.


Current Investors

Artesian, Tenacious Ventures

Primary Industry

Automobiles, Other Vehicles & Parts

Sub Industries

Automobiles, Other Vehicles & Parts, Electronic Components, Agribusiness

Website

www.agovor.com/

Verticals

Agtech, Artificial Intelligence, Manufacturing, Robotics

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

Agovor Limited - financials

Fiscal Year EndedDec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)6,478,8733,720,25434,897,01149,177,79749,632,89843,695,05368,672,799---
% Revenue Growth (YoY)-(42.6%)838.0%40.9%0.9%(12.0%)57.2%---
EBITDA (USD)327,307(4,909,129)(1,109,097)(1,433,595)7,398,142921,9509,360,510---
Operating Income (USD)287,028(4,973,114)(1,631,385)(1,961,722)6,445,79537,2988,492,329---
Operating Margin4.4%(133.7%)(4.7%)(4.0%)13.0%0.1%12.4%---
% EBITDA Margin5.1%(132.0%)(3.2%)(2.9%)14.9%2.1%13.6%---
NET Income (USD)565,2223,650,529(623,127)(991,479)6,340,704285,4117,066,182---
% Net Margin8.7%98.1%(1.8%)(2.0%)12.8%0.7%10.3%---
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