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Monarch Tractor

Agriculture Technology ~135 employees
Founded
--
Employees (Est.)
~135
9 leaders known
Total Funding
$135.5M
Funding Rounds
2
Last Funding
2024-08-19

About Monarch Tractor

Monarch Tractor is dedicated to empowering farmers with innovative technology for a more precise, profitable, and sustainable farming future. Rooted in agriculture, they are committed to a cleaner future by offering 100% electric, driver-optional, and data-driven solutions to enhance farm operations across specialty crops, livestock, and commercial land management.

Products & Services

MK-V Standard:A standard model of the electric autonomous tractor designed for various farming needs.
MK-V Dairy:A specialized model of the MK-V tractor tailored for dairy farm operations.
WingspanAI®:A farm control center app for remote fleet management, automated operations planning, performance reports, and maintenance diagnostics.
Row Follow™:A technology solution for autonomous row-following capabilities in farming operations.
Accessories (Tire Options, EV Chargers, ISOBUS Connector):Various accessories to enhance the functionality of MK-V tractors, including tire options, electric vehicle chargers, and ISOBUS connectors.
Subsidies & Programs:Financial support options including subsidies, grants, 0% financing, and referral programs to assist with purchasing Monarch products.
MonarchOne™ Platform:A platform for OEMs focused on accelerating autonomy and AI for essential industries.

Specialties

Electric Autonomous Tractors Sustainable Farming Solutions Agricultural Data Analytics Autonomy and AI for Farming Zero-Emission Farm Equipment

Funding History

Debug: View Raw Funding Data
# Type Amount Fields Date Fields Investors
1 RT: Grant
T: -
FT: Grant 		A: 2500000
MR: -
FA: $2.5 Million
FAN: 2500000 		D: 2024-08-19
FD: 2024-08-19 		1 investors
2 RT: Series C
T: -
FT: Series C 		A: 133000000
MR: -
FA: 133 million
FAN: 133000000 		D: 2024-07-22
FD: 2024-07-22 		5 investors
Grant Latest
2024-08-19
$2.5M
1 investor (Pro only)
Series C 2024-07-22
$133.0M

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Growth Metrics

+45%
Employee Growth
YoY
3.2x
Funding Growth
Last Round
12
Markets
Operating
10K+
Customers
Active

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Team & Leadership

P

Praveen Penmetsa

Chief Executive Officer & Co-Founder

LinkedIn (Pro only)
Z

Zachary Omohundro

Chief Technology Officer & Co-Founder

LinkedIn (Pro only)
C

Carlo Mondavi

Chief Farming Officer & Co-Founder

LinkedIn (Pro only)
M

Mark Schwager

President & Co-Founder

C

Chris Whitney

Chief Digital Officer

D

Daniel Ogburn

Chief Legal Officer

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Recent News

Monarch Tractor Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Read more →

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

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Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Read more →

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Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised

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Company Details

Industries
Agriculture Technology
Company Size
~135 employees (est.)

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Technology Stack

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