About Monarch Tractor
Monarch Tractor is a Transportation, Automotive & Logistics company based in Livermore (United States) founded in 2018 by Mark Schwager, Carlo Mondavi, and Zachary Omohundro. AI-powered electric autonomous tractors are developed for farming operations. It operates in the Transportation, Automotive & Logistics and Agriculture sectors. 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. Its website monarchtractor.com draws about 16 thousand monthly visits. Monarch Tractor offers products and services including MK-V Standard, MK-V Dairy, MK-V Utility, and WingspanAI. Its focus areas include Food and Agriculture Tech, Crop Tech, Tractor Solutions and Electric Tractors. Its legal entity is MONARCH LTD. Its competitors include Farm-ng, Agtonomy and Bear Flag Robotics; 3 of its 3 listed competitors have raised funding.
Company details
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.
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.
Electric autonomous tractor for general farming tasks
Specialized tractor for dairy farm operations
Versatile tractor for various agricultural needs
App for remote tractor management and monitoring
Apps and channels of Monarch Tractor
Monarch Tractor publishes 2 mobile apps with over 100 downloads; its YouTube channel MonarchTractor has 2.18K subscribers and 30 videos.
Videos from Monarch Tractor
The most watched videos on Monarch Tractor's YouTube channel, MonarchTractor (2.18K subscribers). Click a video to play it here.
More on MonarchTractor.
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.
- Total Funding $214M
- Total Rounds 5
- Last Round Series C — $133M
- Investors Count 12
All 5 funding rounds of Monarch Tractor with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $133M | Series C | – | Astanor, CTBC Holding | |
| Nov 2022 | Grant | – | – | ||
| Nov 2021 | $61M | Series B | – | Astanor | |
| Mar 2021 | $20M | Series A | – | CNH Industrial, Musashi Seimitsu Industry | |
| Jun 2020 | Seed | – | Climate Capital | – |
12 investors in total: 12 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Astanor is focused on transforming the agrifood system through investments. | astanor.com | |||
| atoneventures.com | ||||
Private debt funds are managed across multiple sectors. | 2001 | pmv.eu | Brussels, Belgium | |
Financial support is provided to strengthen Flemish businesses. | welvaartsfonds.eu | Brussels, Belgium | ||
Government agency focused on clean energy investments | 1974 | energy.ca.gov | United States | |
| muus.com | ||||
Venture capital is invested in climate tech startups and entrepreneurs. | climatecapital.co | San Francisco, United States | ||
Provider of commercial bank | 2002 | ctbcholding.com | Taipei, Taiwan | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | trimble.com | Sunnyvale, United States | |
Equipment and services for agriculture and construction are supplied. | 2012 | cnhindustrial.com | London, United Kingdom |
Investor details for Monarch Tractor
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People of Monarch Tractor
15 people are tracked at Monarch Tractor (10 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Mark Schwager | Co-Founder & President | Leadership |
Carlo Mondavi | Co-Founder | Leadership |
Zachary Omohundro | Co-Founder & CTO | Leadership |
Angiemae Galban | Senior Director, Human Resources | Leadership |
Pearl Driver | Senior Director, Head Of Marketing | Leadership |
Daniel Ogburn | Chief Legal Officer | Leadership |
Chris Whitney | Chief Digital Officer | Leadership |
Praveen Penmetsa | CEO | Leadership |
Caroline S. | Director, Legal | Leadership |
Sada Malladi | VP Of Engineering | Leadership |
Sam Abidi | CCO | Team |
Karthik Veerababu Chitrothu | Senior Software Engineering | Team |
Rachad Youssef | Advisor | Team |
Matt Vere Nicoll | Svp, Global Operations | Team |
Andre Bojikian | Mechanical Systems Engineer | Team |
Complete people profiles for Monarch Tractor
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
AI to make industrial machines smarter | einsite.com | San Francisco, United States | 2015 | Jul 2022 | •••• |
Complete acquisition details for Monarch Tractor
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Timeline of Monarch Tractor
4 dated milestones of Monarch Tractor across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Monarch Tractor is founded.
- Funding First funding round.
- Acquisition Acquires Einsite.
- Funding Latest funding round, Series C, of $133.0M.
Competitors of Monarch Tractor
Monarch Tractor has 3 listed competitors in our database, 3 of them funded. They include Farm-ng, Agtonomy and Bear Flag Robotics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| farm-ng.com | 2020 | Watsonville, United States | $10.05M | Provider of electric tractors for farmers | ||
| agtonomy.com | 2021 | San Francisco, United States | $64M | Mobile assistant software is provided for autonomous agricultural machinery. | ||
| bearflagrobotics.com | 2017 | Sunnyvale, United States | $11.52M | Self-driving technology for tractors is developed and retrofitted. |
Detailed competitors of Monarch Tractor
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Web traffic of Monarch Tractor
The website of Monarch Tractor (monarchtractor.com) receives about 15.5K visits a month.
- Monthly visits15.5K
▲ 13.7% vs previous month
Websites whose visitors overlap most with Monarch Tractor. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
futurefarming.com | futurefarming.com | 100% | #1,141,332 | – | |
compactequip.com | compactequip.com | 94% | #960,450 | – | |
lecinfo.com | lecinfo.com | 91% | #2,682,607 | – | |
allmachines.com | allmachines.com | 90% | #584,615 | – | |
virnigmfg.com | virnigmfg.com | 90% | #1,646,525 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 36 similar websites and full traffic analytics for Monarch Tractor
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- 36 similar websites
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Top companies in Autonomous Vehicles
3 companies that operate in the same segment as Monarch Tractor (Autonomous Vehicles) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | 2017 | Mountain View, California, United States | USD 692.62 M | USD 3 M | 2,619 | |
Developer of LiDAR-based sensors | 2002 | San Francisco, California, United States | USD 129 M | USD 169.38 M | 192 | |
SaaS-enabled hardware and software for autonomous vehicles are developed. | 2013 | San Francisco, California, United States | USD 7.72 B | 3,326 |
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Related news about Monarch Tractor
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 Farm-ng, Agtonomy and Bear Flag Robotics.
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.
Monarch Tractor operates through Monarch Ltd.
Yes. Monarch Tractor publishes WingspanAI and 1 more app, with over 100 downloads.