Monarch Tractor
Assembly Line
Monarch Tractor Announces $133M Series C Funding - Marking Largest-Ever Raise in Agricultural Robotics
Monarch Tractor, creator of the MK-V, the world’s first fully electric, driver-optional smart tractor and Wingspan Ag Intelligence (WingspanAI) farm management platform, has announced a history-making $133 million Series C, making it the largest funding raising round in agricultural robotics history. Funding was co-led by global impact investor Astanor and HH-CTBC Partnership, L.P., with additional support from prominent investors, including At One Ventures, PMV and The Welvaartsfonds.
The Series C funds will support the further development of Monarch’s cutting-edge AI product offering, expansion of their operational footprint domestically and globally, while enabling the company’s path to profitability. This funding round will support the expansion of Monarch’s digital solutions and AI applications, including the development of Autodrive, Monarch’s autonomous operations feature, for new global markets and crop sectors.
Monarch Tractor Launches First Commercially Available Electric, ‘Driver Optional’ Smart Tractor
Local startup Monarch Tractor has announced the first of six Founder Series MK-V tractors are rolling off the production line at its headquarters. Constellation Brands, a leading wine and spirits producer and beer importer, will be the first customer given keys at a launch event today.
The debut caps a two-year development sprint since Monarch, founded in 2018, hatched plans to deliver its smart tractor, complete with the energy-efficient NVIDIA Jetson edge AI platform. The tractor combines electrification, automation, and data analysis to help farmers reduce their carbon footprint, improve field safety, streamline farming operations, and increase their bottom lines.