Partnership
Caterpillar acquires Monarch Tractor assets
Caterpillar acquired assets of Monarch Tractor after the self-driving electric tractor startup shut down. 69B Caterpillar acquiring autonomous tractor technology.
technology · Concluded · operating
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e06cad62-ca60-4e16-a394-4a2dac4cc988- Type
- technology
- Status
- Concludedoperating
- Announced
- 2026-04-155 months ago
- Active for
- 5 months
Who’s involved
Livermore, CA-based company behind the MK-V, the world's first fully electric autonomous [Smart](/companies/smart-robotics) 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.
Off-registry parties
- Caterpillar · customer
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