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Autonomous Tractor Maker Monarch Raises $61 Million

Nov 17, 2021almost 4 years ago

Amount Raised

$61 Million

Description

Way back in March, autonomous tractor maker Monarch announced a $20 million Series A. Now, a mere eight months later, the company is tripling the round, with a $61 million Series B. This latest raise is led by sustainable food fund Astanor Ventures, with participation from CNH Industrial, At One Ventures and Trimble Ventures.

Company Information

Company

Monarch

About

Now, a mere eight months later, the company is tripling the round, with a $61 million Series B. The Bay Area-based firm says the funding will go toward scaling manufacturing and sales for its self-titled electric tractor. , the company is announcing plans to extend pilots globally, to South America, Europe and Asia.

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