In early April, Monarch Tractor, Livermore, Calif., manufacturer of the fully electric, driver-optional smart tractor, introduced Luc de Gaspe Beaubien as the company’s global head of sales in response to the company’s rapid growth.
According to a recent report from Zeebiz, Antony Cherukara, CEO of Indian tractor manufacturer VST Tillers Tractors, a recent investor in Monarch Tractor, stated Monarch would launch its all-electric, autonomous tractor in VST Tiller Tractor's fiscal year 2023.
Monarch Tractor announced the successful completion of a $61 million Series B funding round led by Astanor Ventures, one of the world’s leading sustainable food venture firms, with additional individual and independent contributions from CNH Industrial, At One Ventures and Trimble Ventures.
CNH Industrial recently announced an exclusive licensing agreement with autonomous, electric tractor manufacturer Monarch Tractor regarding its electrification technology, which “foresees the launch of a scalable, modular electrification platform focusing on low horsepower tractors.”
CNH Industrial N.V. has entered into an exclusive, multi-year licensing agreement for electrification technologies with Monarch Tractor, a U.S.-based AgTech company specializing in fully electric autonomous tractors.
California startup Monarch Tractor announced in December 2020 that it had produced the world’s first fully electric, driver-optional, smart tractor integrated on a single platform.
CNH Industrial announced it has completed its minority investment in Monarch Tractor, a U.S.-based agricultural technology company, which will assist in accelerating agricultural industry transformation towards autonomy and electrification.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.