Last deal

Amount

Grant

Stage

19.08.2024

Date

5

all rounds

$214.M

Total amount

General

About Company
Monarch Tractor is developing fully electric and autonomous farming tractors.

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Also Known As

Monarch

founded date

01.01.2017

Number of employees

Company Type

For Profit

Last funding type

Grant

IPO status

Private

Description

Monarch Tractor, founded in 2017, has developed a fully electric and autonomous farming tractor that operates without a driver. The tractor is equipped with collision prevention, vision-based safety features, and 360-degree cameras. It can collect and analyze large amounts of crop data for real-time adjustments and long-term yield estimations. Monarch Tractor's platform enhances existing farming operations, addresses labor availability issues, meets consumer demands for sustainability, and provides actionable data-driven insights. The company's focus on eliminating diesel fuel and harmful chemicals aligns with its commitment to environmental impact. With state-of-the-art hardware and machine learning capabilities, Monarch Tractor is at the forefront of the digital transformation of farming.
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