Monarch Tractor

Livermore, United States Founded: 2018 • Age: 8 yrs
AI-powered electric autonomous tractors are developed for farming operations.
Annual revenue - Latest available
Total funding $214.0M 5 rounds
Employees - Tracked headcount
Investors 12 Known backers
Products 4 Services tracked
Competitors 9 Brand Intelligence

About Monarch Tractor

Monarch Tractor is a company based in Livermore (United States) founded in 2018 by Mark Schwager, Carlo Mondavi, and Zachary Omohundro. Monarch Tractor has raised $214 million across 5 funding rounds from investors including Trimble, CNH Industrial and PMV. Monarch Tractor has completed 1 acquisition, including Einsite. Monarch Tractor offers products and services including MK-V Standard, MK-V Dairy, MK-V Utility, and WingspanAI. Monarch Tractor operates in a competitive market with competitors including Clearpath Robotics, AutoNxt Automation, Muddy Machines, Farm-ng and Agtonomy, among others.

  • Headquarter Livermore, United States
  • Founders Mark Schwager, Carlo Mondavi, Zachary Omohundro
  • Sectors
    Transportation, Automotive & Logistics
    Agriculture
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Monarch Ltd
Operational Areas
Transportation, Automotive & Logistics → Automotive Technology & Mobility Solutions Unlock Sub-Sector Unlock Segment
Transportation, Automotive & Logistics → Automotive Technology & Mobility Solutions Unlock Sub-Sector Unlock Segment
Agriculture → Agricultural Technology & Innovation Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $214 M (USD)

    in 5 rounds

  • Latest Funding Round
    $133 M (USD), Series C

    Jul 22, 2024

  • Investors
    Trimble

    & 11 more

  • Employee Count
    Not available
  • Investments & Acquisitions
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Products & Services of Monarch Tractor

Monarch Tractor offers a comprehensive portfolio of products and services, including MK-V Standard, MK-V Dairy, MK-V Utility, and WingspanAI.

Product name locked
Category locked
Primary

Electric autonomous tractor for general farming tasks

Product name locked
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Specialized tractor for dairy farm operations

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Versatile tractor for various agricultural needs

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App for remote tractor management and monitoring

People of Monarch Tractor

Headcount 50-200
Employee Profiles 14
Employee Profiles
People
Carlo Mondavi
Chief Farming Officer
People
Angiemae Galban
Senior Director, Human Resources
People
Pearl Driver
Senior Director, Head Of Marketing
People
Daniel Ogburn
Chief Legal Officer

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Funding Insights of Monarch Tractor

Monarch Tractor has successfully raised a total of $214M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $133 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Monarch Tractor

Monarch Tractor has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Trimble, CNH Industrial and PMV.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Astanor is focused on transforming the agrifood system through investments.
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Private debt funds are managed across multiple sectors.
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Investor details for Monarch Tractor

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  • Investor domains
  • Investor locations
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  • Participation history

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Investments & Acquisitions by Monarch Tractor

Monarch Tractor has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Einsite.

Investments
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Investment portfolio details for Monarch Tractor

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Acquisitions
Company Name Description Domain Location Founded Year Amount
AI to make industrial machines smarter
Locked Locked 2015 Locked
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Financial Statements - Monarch Tractor

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Detailed financials for Monarch Tractor

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Monarch Tractor Comparisons

Monarch Tractor Primary company
Description
AI-powered electric autonomous tractors are developed for fa...
Location
Livermore, United States
Founded Year
2018
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Monarch Tractor

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Competitors of Monarch Tractor

Monarch Tractor operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Clearpath Robotics, AutoNxt Automation, Muddy Machines, Farm-ng and Agtonomy, among others.

Company Name Domain Founded year HQ Location Description
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Autonomous robots and software are provided for diverse industries.
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Electric tractors are manufactured for agriculture, industry, and defense uses.
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AI-powered autonomous robots for crop fieldwork are developed.
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Provider of electric tractors for farmers
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Mobile assistant software is provided for autonomous agricultural machinery.
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Autonomous farming solutions are provided via AI and robotics.
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Detailed competitors of Monarch Tractor

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Latest news on Monarch Tractor

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Complete news archive for Monarch Tractor

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Frequently Asked Questions about Monarch Tractor

Monarch Tractor was founded in 2018 and raised its 1st funding round 2 years after it was founded.

Monarch Tractor is headquartered in Livermore, United States. It is registered at Livermore, California, United States.

Monarch Tractor is a funded company, having raised a total of $214M across 5 funding rounds to date.

Founded in 2018 and based in Livermore, United States, electric autonomous tractors are designed and developed for agricultural use. These tractors incorporate a camera and sensor system to map crops and deliver real-time alerts. Capabilities such as AI-driven full awareness, slope stability assessment, and swappable battery systems are integrated to support farming tasks in the agriculture technology sector.

Monarch Tractor's top competitors include Clearpath Robotics, Farm-ng and AutoNxt Automation.

Monarch Tractor offers MK-V Standard, MK-V Dairy, MK-V Utility, and WingspanAI.

Monarch Tractor has made 1 acquisition, including Einsite.

Monarch Tractor has 12 investors. Key investors include Trimble, CNH Industrial, PMV, Musashi Seimitsu Industry, and VST Tillers Tractors.

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