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.

Jul 23, 2024•about 1 year ago

Amount Raised

$133 Million

Round Type

series c

LivermoreAgriculture and Farming

Investors

The WelvaartsfondsPmvAt One VenturesHh Ctbc Partnership, L.P.Astanor

Description

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 Information

Company

Monarch Tractor

Location

Livermore, California, United States

About

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.

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