On March 16, 2021, Monarch Tractor announced the successful closing of its $20M Series A funding round.
The round includes investments from global companies including Musashi Seimitsu Industry Co., CNH Industrial, VST Tillers Tractors Ltd., At One Ventures, and MUUS.
The funding will be used to support the rapid growth of Monarch Tractor’s global deployment to meet demand for sustainable farming operations. Monarch will begin shipping its tractors later this year.
The Monarch Tractor with the four founders, (image courtesy of Monarch Tractor)
“It’s an exciting time for AGtech with the powerful convergence of traditional farming and cutting-edge technology,” said Dennis Muilenburg, investor and advisor, Monarch Tractor. “Monarch Tractor is leading the way, delivering on an ambitious effort to make farming smarter, greener and safer than ever before. With the support of the investment community, Monarch Tractor is poised to achieve its mission to empower today’s farmers and enable the transition to more productive, precise and sustainable farming practices.”
Launched in December 2020, Monarch has received worldwide acclaim for its flagship tractor. The world’s smartest, fully electric, driver-optional tractor is outfitted with next-gen technology that empowers sustainable farming with actionable intelligence, clean energy and unparalleled safety features.
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