Monarch Tractor continues to gain momentum following its successful launch in December 2020.
The makers of the world’s smartest, fully electric, driver-optional tractor has announced the successful completion of its $30M Series A funding round led by Musashi Seimitsu Industry Co., CNH Industrial, VST Tillers Tractors Ltd., At One Ventures, and MUUS.
The funding will be used support the rapid growth of Monarch Tractor’s global deployment to meet demand for sustainable farming operations.
To see the Monarch Tractor in action, watch this video.
Monarch investor and advisor Dennis Muilenburg said, “It’s an exciting time for agtech with the powerful convergence of traditional farming and cutting-edge technology. 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.”
Monarch Tractor has received widespread acclaim for its innovation including a 2021 BIG Innovation Award, “2020 Tractor of the Year” in the AgTech Breakthrough Awards, was named one of World Ag Expo’s “Top 10 Best New Products,” and recognized in Fast Company’s “Best World-Changing Ideas: North America, Energy and Food.”