Monarch Tractor
About
About Monarch Tractor
The MK-V combines battery-electric drive, conventional three-point implement and power-take-off interfaces, cameras and onboard compute within a compact tractor. It can be driven normally, operated remotely or assigned supervised autonomous routes for repetitive mowing, cultivation, spraying and material-handling work.
WingspanAI provides route planning, remote fleet visibility, energy monitoring, task records and diagnostics across tractors and implements. Monarch deploys the platform in vineyards, orchards, dairy operations, solar sites and municipal maintenance, with customer data used to refine autonomy and operating models. MonarchOne extends the company’s software and autonomy work into additional equipment and essential-industry applications.
Articles
Products
Supply
Supply chain relationships
- NVIDIA
Inbound - Compute & Control - Monarch Tractor MK-V uses NVIDIA Jetson edge compute
Source - Stereolabs
Inbound - Perception - Stereolabs ZED cameras support perception in Monarch Tractor MK-V
Source - Foxconn
Inbound - Manufacturing - Foxconn agreed to manufacture Monarch MK-V tractors and battery packs at its Ohio facility
Source
Funding
- 2024-07-22 - Series C - $133M - Monarch Tractor raises $133M Series C
Monarch Tractor raised $133 million in Series C funding for autonomous electric tractors and farm-management software. - source: prnewswire.com
Investors
- Astanor - Lead - Unknown - 1 funding event - first seen 2024-07-22
- At One Ventures - Participant - VC - 1 funding event - first seen 2024-07-22
- HH-CTBC Partnership, L.P. - Lead - VC - 1 funding event - first seen 2024-07-22
- PMV - Participant - Unknown - 1 funding event - first seen 2024-07-22
- The Welvaartsfonds - Participant - Angel / Individual - 1 funding event - first seen 2024-07-22
Team
- Praveen Penmetsa - CEO & Co-Founder - Penmetsa leads the Monarch autonomous electric tractor strategy, linking farm automation with prior product work across mobility, energy storage, and agricultural robotics.
- Mark Schwager - President & Co-Founder - Schwager brings high-volume manufacturing, factory buildout, and supply-chain experience to Monarch electric tractor production and scaling work.
Timeline
Events
- 2024-07-22 - Funding - Monarch Tractor raises $133M Series C
Astanor and HH-CTBC Partnership co-led the round. At One Ventures, PMV and The Welvaartsfonds also participated. The capital supports commercial automation and autonomous-system workflows as Monarch Tractor moves from product development toward broader commercial use.
Source - 2023-04-04 - Production Milestone - Foxconn completes first Ohio-built Monarch MK-V tractors
Foxconn completed the first five Monarch MK-V tractors at its Ohio production site for customer delivery. The milestone moved Monarch MK-V production from Livermore into Foxconn contract manufacturing. The tractors were built at Foxconn Ohio under the 2022 manufacturing agreement.
Source - 2022-12-13 - Production Milestone - Monarch Tractor starts MK-V Founder Series production
Monarch Tractor started production of the first MK-V Founder Series electric, driver-optional tractors. The first tractors came off the production line in Livermore, California. Constellation Brands was named as the first customer for the initial Founder Series units.
Source - 2022-08-09 - Partnership - Foxconn signs contract manufacturing deal with Monarch Tractor
The agreement covers MK-V equipment and battery-pack production at Foxconn's Ohio facility. The facility provides Monarch Tractor with a contract-manufacturing route for scaling MK-V output.
Source
Notes
Profile notes
- Monarch designs the MK-V while Foxconn manufactures it under contract
reviewed 2026-07-19 - Monarch Tractor develops and markets the electric MK-V platform, while commercial-scale manufacturing was assigned to Foxconn at the former Lordstown plant under a contract-manufacturing agreement.
Source
Context
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workflow adjacency - Agriculture Robotics Builder · Field Agriculture Robotics
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workflow adjacency - Agriculture Robotics Builder · Agriculture Robotics Companies
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workflow adjacency - Agriculture Robotics Builder · Agriculture Robotics Companies
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workflow adjacency - Agriculture Robotics Builder · Agriculture Robotics Companies
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Context tags
- Agricultural robot development - Workflow - Profile source supports this robotics context.
- Agricultural robotics workflow - Workflow - Profile source supports this robotics context.
- Agricultural autonomy platform - Stack Layer - Profile QA added approved context tag matching company robotics exposure.
- Field agriculture robotics workflow - Workflow - Profile QA added approved context tag matching company robotics exposure.