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Robot maker · registered
Monarch Tractor
MK-V is the world's first fully electric, driver-optional smart tractor: combines electrification, machine learning-based Row Follow autonomous navigation, and the WingspanAI farm-management platform for fleet telemetry, autonomous operations scheduling, and data analytics. Available in Standard, Dairy, and Utility variants; targets vineyards, dairy, berry, orchard, and land-management operations. EU subsidiary established December 2024 in Antwerp, Belgium with planned local manufacturing and R&D hub.
HeadquartersLivermore, US
Founded2018
Corporate funding$214M
Team101-200
Deployments1
Open roles0
01
Company overview
Identity and operating footprint
Company typeRobot maker
Market segmentCorporate
StageSeries C
FoundersPraveen Penmetsa (CEO), Mark Schwager (CTO), Carlo Mondavi (co-founder, departed early 2025), Zachary Omohundro (co-founder)
Regions servedNorth America, Europe
Countries deployedUS, CA, BE
Service footprintHQ Livermore CA; US manufacturing partnership with Foxconn in Ohio; 400+ MK-V units across 12 US states and 3 countries (US, CA, plus Europe); Monarch Tractor Europe N.V. established December 2024 in Antwerp, Belgium with local manufacturing and R&D
Last reviewed2026-07-05
LinkedInView profile
MX
Robot models
Specifications remain vendor-claimed
Machineagriculture
MK-V Smart Tractor
- 400+ tractors deployed, 42,000+ operating hours, 850+ tons CO2 offset; available in Standard, Dairy, and Utility variants; up to $18K annual savings per tractor vs diesel; Row Follow autonomous capability
vendor-stated fleet metrics and performance claims as of mid-2024
Claim source
Machineamr
MonarchOne Platform
- No specifications on file.
DP
Deployment log
Announced and cited only
CA
Funding history
Publicly announced rounds
Acquisition
Round sourceSeries C
Astanor, At One Ventures, HH-CTBC Partnership, L.P., PMV, The Welvaartsfonds
Round sourceGrant
Round sourceSeries B
Astanor Ventures, At One Ventures, CNH Industrial, Trimble Ventures
Round sourceSeries A
At One Ventures, CNH Industrial, Musashi Seimitsu Industry Co., Ltd., MUUS, VST Tillers Tractors Ltd.
Round sourceInvestors on recordAGCOCNH IndustrialYamaha MotorFoxconn
TL
Company timeline
Milestones and announcements
2026-04-20Caterpillar Acquires Monarch Tractor ↗American Ag Network
2026-04-15Monarch Tractor's collapse ends with an acquisition by Caterpillar ↗TechCrunch
2026-04-14IP and technology assets acquired by Caterpillar Inc.; deal terms undisclosed; Livermore HQ vacated February 2026TechCrunch
2026-04-14Caterpillar Acquires California-Based Electric Tractor Startup Monarch ↗Bloomberg
2026-04-14Caterpillar Acquires Monarch Tractor ↗Precision Farming Dealer
2025-11-01Filed WARN Act notice detailing 89 layoffs; internal memo warned company could shut down; Foxconn had sold Ohio plant to SoftBank in August 2025TechCrunch
2025-08-25Launched MonarchOne platform: end-to-end AI and autonomy stack for OEM licensing in off-highway industries; pivoted away from direct tractor hardware; partnered with Ag Growth International (AGI)Business Wire
2025-08-25Monarch Launches MonarchOne Platform, Accelerating Autonomy and AI for the World's Essential Industries ↗Business Wire
2025-04-17Partnership with Dairy Farmers of America (DFA) for autonomous feed-pushing with MK-V Dairy across DFA member farmsThe Robot Report
2025-04-17Monarch Tractor partners with Dairy Farmers of America for autonomous feed pushing ↗The Robot Report
2024-12-19Established Monarch Tractor Europe N.V. in Antwerp, Belgium; MD Stéphane Jacobs appointedMonarch Tractor
2024-11-01Showcased MK-V at EIMA (Bologna, Italy) and Vinitech Sifel (Bordeaux, France); announced Foxconn Ohio manufacturing partnershipMonarch Tractor
2024-06-01Raised $133M Series C (total funding over $240M); 400+ MK-V tractors deployed in 12 states and 3 countriesThe Robot Report
SC
Source ledger
11 unique public sources
01
Monarch Tractor's collapse ends with an acquisition by CaterpillarTechCrunch · retrieved 2026-07-05
02Monarch TractorMonarch Tractor · retrieved 2026-07-05
03Monarch Tractor Announces $133M Series C Funding: Marking Largest-Ever Raise in Agricultural RoboticsPR Newswire · retrieved 2026-07-05
04Monarch Tractor and Farm Electrification Consortium Partners Awarded California Energy Commission Grant for Vehicle-to-Building Technologies for Resilient Backup PowerBusiness Wire · retrieved 2026-07-05
05Monarch Tractor Secures $61M in Series B Funding to Accelerate Production and Deployment of Smart, Driver-Optional, Electric TractorMonarch Tractor · retrieved 2026-07-05
06Monarch Tractor Closes $20 Million Series A With Global PartnersMonarch Tractor · retrieved 2026-07-05
07Monarch Tractor partners with Dairy Farmers of America for autonomous feed pushingThe Robot Report · retrieved 2026-07-05
08Monarch Launches MonarchOne Platform, Accelerating Autonomy and AI for the World's Essential IndustriesBusiness Wire · retrieved 2026-07-05
09Monarch Announces Establishment of Monarch Tractor Europe N.V.Monarch Tractor · retrieved 2026-07-05
10MK-V Electric Tractor Showcased at Bologna & Bordeaux Ag ShowsMonarch Tractor · retrieved 2026-07-05
11Monarch Tractor sets agricultural robotics milestone with $133M Series CThe Robot Report · retrieved 2026-07-05