Monarch Tractor

Founders (4)

• Praveen Penmetsacofounderfounded 2018-01-01no longer at company
• Mark Schwagercofounderfounded 2018-01-01no longer at company
• Zachary Omohundrocofounderfounded 2018-01-01no longer at company
• Carlo Mondavicofounderfounded 2018-01-01no longer at company

Former / Previously (4)

• Praveen Penmetsa Co-founder & CEOIR-verified
• Mark Schwager Co-founder & former PresidentIR-verified
• Zachary Omohundro Co-founder & CTOIR-verified
• Carlo Mondavi Co-founder & Chief Farming OfficerIR-verified

Safety record

Only active incidents are counted. Retracted incidents are excluded from this summary but remain reachable at their canonical URLs.

Incidents affecting Monarch Tractor (1)

• Monarch Tractor shuts down and sells assets to Caterpillar after raising 40M2026-04-08 · Other

Includes incidents linked directly to this company, to its models, or to deployments of its models or under its operation. Retracted incidents are excluded from this view but remain reachable at their canonical URLs.

Operator customers (2)

• Constellation Brands1 deployment
• Wente Vineyards1 deployment

Peer companies

• DJI7 models
• Naio Technologies4 models
• WORX Landroid4 models
• Carbon Robotics3 models
• GreenField Robotics2 models
• HG Robotics2 models

Financial state

Reporting basis

private_reported

Lifecycle stage

wound_down

Counterparty risk class

high

Going concern

flaggedDefunct; assets/IP acquired by Caterpillar (Apr 2026).

Each numeric field carries its own basis marker. Aggregators report a number; this surface preserves the source class so verification depth travels with the value.

Partnerships (1)

• Caterpillar acquires Monarch Tractor assets with Caterpillartechnologyconcluded

Funding rounds (1)

• Series C2025-01-01

  $133M(reported)

Acquisitions (1)

• acquired by Caterpillarasset purchase

Sources (5)

1. https://techcrunch.com/2026/04/15/monarch-tractors-collapse-ends-in-with-an-acquisition-by-caterpillar/ ↗
2. https://techcrunch.com/2025/11/19/monarch-tractor-preps-for-layoffs-and-warns-employees-it-may-shut-down/ ↗
3. https://techcrunch.com/2025/08/13/monarch-tractors-wont-be-built-by-foxconn-after-ohio-factory-sale/ ↗
4. https://www.businesswire.com/news/home/20221201005455/en/ ↗
5. https://agfundernews.com/brief-monarch-tractor-bags-record-133m-eyes-global-expansion-for-its-all-electric-autonomous-machines ↗

Common questions

What is Monarch Tractor?

Livermore, CA-based company behind the MK-V, the world's first fully electric autonomous smart tractor. Co-founded by CEO Praveen Penmetsa and Mark Schwager, Monarch Tractor raised 33M in Series C funding, the largest in agricultural robotics history, bringing total funding to over 40M at a 18M valuation. The MK-V is a driver-optional autonomous electric tractor for precision farming.

Where is Monarch Tractor based?

Monarch Tractor is based in Livermore, CA.

When was Monarch Tractor founded?

Monarch Tractor was founded in 2018.

What does Monarch Tractor make?

Monarch Tractor has 1 robot model on the DEPLOY registry: MK-V (Monarch Tractor builds both physical robots and the AI that runs them).

Where does Monarch Tractor operate robots?

Monarch Tractor is a robot manufacturer and does not directly operate deployments on the DEPLOY registry. Its products are deployed by customer operators; see the company page for the verified deployment record.

Are there any incidents involving Monarch Tractor?

1 active incident involving Monarch Tractor is on the DEPLOY registry. Each is a sourced, append-only record; retracted incidents are suppressed from this view.

Is Monarch Tractor safe?

Monarch Tractor has 1 active incident on record in the DEPLOY registry. 1 incident on record (1 serious). Most recent: Apr 2026. Retracted incidents are excluded from this count.