{"id":"dd089d64-e9c3-419d-8c43-896bfb6be47c","name":"Monarch Tractor","slug":"monarch-tractor","description":"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.","status":"defunct; assets/IP acquired by Caterpillar (Apr 2026)","founded":2018,"hq":"Livermore, CA","fundingTotal":"133000000","type":"both","reviewStatus":"reviewed","lifecycleState":"active","supersededByCompanyId":null,"sources":[{"url":"https://techcrunch.com/2026/04/15/monarch-tractors-collapse-ends-in-with-an-acquisition-by-caterpillar/","title":"Monarch Tractor's collapse ends with an acquisition by Caterpillar (assets/IP, Apr 2026)","sourceName":"TechCrunch"},{"url":"https://techcrunch.com/2025/11/19/monarch-tractor-preps-for-layoffs-and-warns-employees-it-may-shut-down/","title":"Monarch preps layoffs, warns it may 'shut down' (Nov 2025; pivot to licensing)","sourceName":"TechCrunch"},{"url":"https://techcrunch.com/2025/08/13/monarch-tractors-wont-be-built-by-foxconn-after-ohio-factory-sale/","title":"Monarch tractors won't be built by Foxconn after Ohio factory sale (Aug 2025)","sourceName":"TechCrunch"},{"url":"https://www.businesswire.com/news/home/20221201005455/en/","title":"Constellation Brands takes delivery of first Monarch MK-V tractors (Dec 2022; To Kalon vineyard)","sourceName":"Constellation/Monarch (Business Wire)"},{"url":"https://agfundernews.com/brief-monarch-tractor-bags-record-133m-eyes-global-expansion-for-its-all-electric-autonomous-machines","title":"Monarch $133M Series C (Jul 2024; Astanor / HH-CTBC)","sourceName":"AgFunderNews"}],"keyFacts":[{"label":"Product","value":"MK-V — world's first electric autonomous tractor"},{"label":"Wind-down","value":"Collapsed 2025; Caterpillar acquired assets/IP ~Apr 2026 (NOT a going-concern acquisition)."},{"label":"CEO","value":"Praveen Penmetsa"},{"label":"Co-founder","value":"Mark Schwager"},{"label":"Series C","value":"33M (largest in ag robotics)"},{"label":"Total funding","value":"40M+"},{"label":"Valuation","value":"18M"},{"label":"Applications","value":"Vineyards, orchards, dairies, municipal operations"},{"label":"Operation modes","value":"In-seat driver or fully autonomous"},{"label":"California CORE subsidy","value":"Up to $68,750 off retail price (2025)"},{"label":"Financial stage","value":"Commercial — production and sales, California CORE eligible"}],"aliases":["Monarch","Monarch Tractor Inc","Monarch MK-V","Monarch autonomous tractor"],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"createdAt":"2026-06-03T17:57:58.730Z","updatedAt":"2026-07-18T21:05:47.779Z","jsonLd":{"@context":"https://schema.org","@type":"Organization","@id":"https://registry.deploy.report/companies/monarch-tractor","url":"https://registry.deploy.report/companies/monarch-tractor","name":"Monarch Tractor","alternateName":["Monarch","Monarch Tractor Inc","Monarch MK-V","Monarch autonomous tractor"],"description":"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.","identifier":"dd089d64-e9c3-419d-8c43-896bfb6be47c","foundingDate":"2018","address":"Livermore, CA","publisher":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"verified","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":5,"primary_source_types":["primary-company-ir","secondary-industry-publication"]}}}