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Deere partners with 'Uber of tractors' in Africa

Feb. 25, 2020 4:01 AM ETDeere & Company (DE) StockDEBy: Yoel Minkoff, SA News Editor
  • Deere (NYSE:DE) is outfitting its tractors with startup Hello Tractor's technology, which allows farmers to hail the machines via an app, monitors the vehicles' movements and transmits usage information such as fuel levels.
  • The aim is to help the company boost sales of its tractors in Africa - the world's least mechanized agricultural sector.
  • Deere is currently testing the technology on around 400 tractors in Ghana and Kenya, and plans a broader rollout across the continent in the second half of this year.

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