{"id":"607d1e7a-e228-4f77-8242-76f7a0c692a3","slug":"other-2026-04-08-monarch-tractor","kind":"other","headline":"Monarch Tractor shuts down and sells assets to Caterpillar after raising 40M","summary":"Monarch Tractor, once valued at over 00M, shut down after raising 40M in venture capital. Assets sold to Caterpillar. The electric autonomous tractor startup ceased operations.","occurredAt":"2026-04-08T12:00:00.000Z","reviewStatus":"unreviewed","modelId":null,"deploymentId":null,"companyId":"dd089d64-e9c3-419d-8c43-896bfb6be47c","aliases":[],"collisionRisk":"none","reviewNote":null,"severity":"serious","rootCauseCategory":null,"rootCauseDetail":null,"affectedUnitsCount":null,"affectedUnitsBasis":null,"remediationStatus":null,"regulatoryAction":"none","regulatoryBody":"none","propertyDamageEstimateUsd":null,"damageEstimateBasis":null,"bodilyInjurySeverity":null,"fatalityCount":null,"lossCostClass":null,"sourceQualityTier":null,"createdAt":"2026-07-03T03:37:02.746Z","updatedAt":"2026-07-03T03:37:02.746Z","model":null,"deployment":null,"company":{"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","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 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"}],"aliases":["Monarch","Monarch Tractor Inc"],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"createdAt":"2026-06-03T17:57:58.730Z","updatedAt":"2026-07-02T20:10:27.895Z"},"derived":{"status":"active"},"sources":[{"id":"4f2269cc-686d-4450-a80e-10089bc511e4","incidentId":"607d1e7a-e228-4f77-8242-76f7a0c692a3","url":"https://www.farmprogress.com/max-armstrong/monarch-tractor-shuts-down-what-went-wrong-with-the-500m-electric-tractor-startup","label":null,"publishedAt":null,"notes":null,"title":"Monarch Tractor shuts down; what went wrong with the startup?","sourceName":"Farm Progress","mediaType":"article","videoId":null,"channel":null,"durationSec":null,"timestampSec":null,"createdAt":"2026-07-03T03:37:02.904Z","updatedAt":"2026-07-03T03:37:02.904Z"}],"responses":[],"statusEvents":[{"id":"ce1e1029-6dbd-4b4f-a18f-c77a4ed08fb8","incidentId":"607d1e7a-e228-4f77-8242-76f7a0c692a3","status":"active","reason":null,"source":"agent:depth","effectiveAt":"2026-07-03T03:37:03.058Z","createdAt":"2026-07-03T03:37:03.059Z"}],"jsonLd":{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://registry.deploy.report/incidents/other-2026-04-08-monarch-tractor","url":"https://registry.deploy.report/incidents/other-2026-04-08-monarch-tractor","headline":"Monarch Tractor shuts down and sells assets to Caterpillar after raising 40M","description":"Monarch Tractor, once valued at over 00M, shut down after raising 40M in venture capital. Assets sold to Caterpillar. The electric autonomous tractor startup ceased operations.","identifier":"607d1e7a-e228-4f77-8242-76f7a0c692a3","datePublished":"2026-04-08T12:00:00.000Z","articleSection":"other","publisher":{"@id":"https://deploy.report/#organization"},"author":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"unreviewed","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":1,"primary_source_types":[]}}}