Praveen Penmetsa
Co-founder and CEO
AN INDEPENDENT FIELD GUIDEAGRICULTURAL ROBOTICS / TOP FARM ROBOTS
MANUFACTURER FIELD SHEET / TFR / 18050
Monarch Tractor.
ClosedStartup
Get news on Monarch Tractor and other farm-robot makers, once a week.
Three farm robots, one company up close, and the week's funding and news, with sources. Free, weekly, from a farm owner. Latest issue →
People
The team.
Field relationships · Monarch Tractor
Customers & deployments.
Robot · Monarch MK-V
Constellation Brands ↗
Customer · Active · Food company · US
California
wine grapes · electric / driver-optional tractor
Bought the first tractors off the Livermore assembly line at the 1 December 2022 launch.
Robot · Monarch MK-V
E. & J. Gallo ↗
Customer · Announced · Food company · US
Modesto, California
wine grapes
Decanter: Gallo and Treasury, among others, lined up placing orders for tractors.
Robot · Monarch MK-V
Frog's Leap
Customer · Announced · Grower / farm · US
Napa, California
wine grapes
John Williams of Frog’s Leap named among vintners lining up behind Monarch.
Robot · Monarch MK-V
Jackson Family Wines ↗
Partner · Announced · Food company · US
425 Aviation Boulevard, Santa Rosa, California 95403
wine grapes
Katie Jackson: “proud to partner with … companies … like Monarch Tractors.” Purchase not confirmed in that piece.
Robot · Monarch MK-V
Matthiasson
Customer · Announced · Grower / farm · US
Napa, California
wine grapes
Steve Matthiasson named among vintners lining up behind Monarch.
Robot · Monarch MK-V
Treasury Wine Estates
Customer · Announced · Food company · AU
wine grapes
Decanter: Gallo and Treasury, among others, lined up placing orders for tractors.
Company funding · Monarch Tractor
Funding & investors.
Jul 22, 2024
Series C
$133.0M USD
Monarch Tractor announced a $133 million Series C co-led by Astanor and HH-CTBC Partnership for AI products and global expansion.
- Astanor · Co-lead investor
- HH-CTBC Partnership · Co-lead investor
- At One Ventures
- PMV
- The Welvaartsfonds
Nov 17, 2021
Series B
$61.0M USD
Monarch Tractor completed a $61 million Series B led by Astanor Ventures to scale MK-V production and international pilots.
- Astanor · Lead investor
- At One Ventures
- CNH Industrial
- Trimble Ventures
Mar 16, 2021
Series A
$20.0M USD
Monarch Tractor closed a $20 million Series A led by Musashi Seimitsu, CNH Industrial, and VST Tillers Tractors.
- CNH Industrial · Lead investor
- Musashi Seimitsu Industry · Lead investor
- VST Tillers Tractors · Lead investor
- At One Ventures
- MUUS
Product family · 1 robot
The machines.
Categories · Monarch Tractor
Where they work.
Updates
News & developments.
Product news · Apr 16, 2026
Monarch Tractor CEO—“We should have pivoted harder and faster” ↗
agfundernews.com
“We should have pivoted harder and faster.” Raised $240M+. The pivot from selling machinery to tech licensing came too late.
Product news · Apr 15, 2026
Monarch Tractor's collapse ends with an acquisition by Caterpillar ↗
finance.yahoo.com
Yahoo Finance 15 Apr 2026: Monarch Tractor’s collapse ends with an acquisition by Caterpillar — reported by Bloomberg (via Brownfield/Yahoo).
Product news · Apr 15, 2026
Electric tractor startup Monarch closes doors, selling off technology ↗
brownfieldagnews.com
Brownfield Ag News 15 Apr 2026 (Nicole Heslip): the company said unforeseen challenges caused it to end operations after seven years. A large global equipment manufacturer is acquiring its core technology; Bloomberg reports the buyer is Caterpillar (reported by Bloomberg via Brownfield/Yahoo). Valued at $500M+ by 2024. An Idaho dealer sued in October alleging defective tractors.
Product news · Apr 14, 2026
Monarch Tractor Shuts the Doors ↗
farm-equipment.com
Farm Equipment 14 Apr 2026: Monarch Tractor shut the doors, ending operations.
Product news · Nov 19, 2025
Monarch Tractor preps for layoffs and warns employees it may 'shut down' ↗
techcrunch.com
19 Nov 2025: Monarch Tractor prepped for layoffs and warned employees it may shut down. Background to the April 2026 closure.