Monarch Tractor closes $61M series B round

Monarch Tractor deployed the first production unit of its all-electric, autonomous tractor at Wente Vineyards. Electric tractor company Monarch Tractors closed a $61M Series B round, bringing the total amount of funding raised since its founding to $81 million. Monarch introduced the first production unit of its all-electric, compact tractor to the market on Earth Day 2021. The company has a deep and diverse executive leadership team that disrupted the agtech market when it emerged from stealth in December 2020. Unlike competitive solutions that seek single-purpose autonomous machines to help automate specific tasks on the farm, the Monarch footprint is immediately familiar to every small and medium-sized farmer in the world.