Monarch Tractor (Series C)
Funding Details
Awarder
RSS - techfundingnews.com
Date Award
July 23, 2024
Vertical
Agri Robotics
Funding URL
View Funding Page
Premoney Valuation
$87,000,000
Valuation
$220,000,000
Funding Amount
$133,000,000
Company Info
Founding Year
2017
Traction
Monarch Tractor has deployed over 400 MK-V tractors, resulting in more than 850 tonnes of harmful CO2 emissions offset across 42,000 hours of tractor operations.
Founders
Praveen Penmetsa, Carlo Mondavi, Mark Schwager, Zachary Omohundro
Market
Agriculture
Location
California, US
Coinvestors
Astanor, HH-CTBC Partnership, At One Ventures, PMV, The Welvaartsfonds
Company Description

Monarch Tractor creates fully electric, autonomous tractors designed to enhance productivity, sustainability, and safety in agriculture.

Links
WebsiteCrunchbaseLinkedInTwitter
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