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Trimble Ventures Invests In Monarch Tractor--An Electric, Autonomous Smart Tractor Platform For Sustainable Farming

Nov 17, 2021•over 3 years ago
Sunnyvale

Description

Trimble Ventures, Trimble's (NASDAQ: TRMB) corporate venture capital fund, announced today its investment in Monarch Tractor. Monarch is a U.S.-based agricultural technology company and maker of the world's first fully electric, autonomous compact smart tractor platform that empowers productive and sustainable farming. This investment supports Trimble Ventures' mission to invest in early and growth-stage companies that are accelerating innovation and digital transformation in the industries Trimble serves—such as agriculture, construction, geospatial and transportation. The investment terms were not disclosed.

Company Information

Company

Monarch Tractor

Location

Sunnyvale, California, United States

About

Monarch Tractor is working to utilize 21st-century technology to empower farmers by enabling profitable implementation of regenerative, sustainable and organic practices. Monarch Tractor, the world's first fully electric, driver optional, smart tractor, enhances farmer's existing operations, alleviating labor shortages and maximizing yields. Monarch is committed to elevating farming practices to enable clean, efficient and economically viable solutions for today's farmers and the generations of farmers to come. With cutting-edge technology, global reach and an experienced team, Monarch is delivering meaningful change for the future of farming. For more information, visit: www.monarchtractor.com. For more information on Monarch Tractor's Series B Funding.