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 Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 6,478,873 | 3,720,254 | 34,897,011 | 49,177,797 | 49,632,898 | 43,695,053 | 68,672,799 | - | - | - |
| % 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) | 7,398,142 | 921,950 | 9,360,510 | - | - | - |
| Operating Income (USD) | 287,028 | (4,973,114) | (1,631,385) | (1,961,722) | 6,445,795 | 37,298 | 8,492,329 | - | - | - |
| Operating Margin | 4.4% | (133.7%) | (4.7%) | (4.0%) | 13.0% | 0.1% | 12.4% | - | - | - |
| % EBITDA Margin | 5.1% | (132.0%) | (3.2%) | (2.9%) | 14.9% | 2.1% | 13.6% | - | - | - |
| NET Income (USD) | 565,222 | 3,650,529 | (623,127) | (991,479) | 6,340,704 | 285,411 | 7,066,182 | - | - | - |
| % Net Margin | 8.7% | 98.1% | (1.8%) | (2.0%) | 12.8% | 0.7% | 10.3% | - | - | - |

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