Monarch Tractor raised $133M in a Series C funding round co-led by Astanor and HH-CTBC Partnership, L.P. to expand digital solutions and AI applications for global markets and crop sectors.
Monarch Tractor raised $133M in a Series C funding round co-led by Astanor and HH-CTBC Partnership, L.P. to expand digital solutions and AI applications for global markets and crop sectors.
07/23/24, 5:09 AM
Location
livermoreMoney raised
$133 million
Industry
agriculture and farming
Round Type
series c
Investors
The Welvaartsfonds, Pmv, At One Ventures, Hh Ctbc Partnership, L.P., Astanor
California-headquartered Monarch Tractor, creator of the MK-V, the world’s first fully electric, driver-optional smart tractor, has raised a total of $133 million in a Series C funding round, co-led by Astanor and HH-CTBC Partnership, L.P. The fresh capital 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.
Company Info
Location
livermore, california, united states
Additional Info
At Monarch, we’re leading the digital transformation of farming.
Monarch believes in putting farmers first. Our smart electric tractor enhances existing farm ecosystems. Monarch helps farmers by addressing labor availability, meeting consumer demands for sustainability, and providing actionable data-driven farming insights. Monarch enables economically competitive organic and beyond farming through intelligent electro-mechanical solutions that replace harmful chemicals. While driven by bleeding-edge technology, the Monarch Tractor still plows, tills, and hauls better than any other tractor in its class.