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Monarch Tractor

United States · Electric autonomous tractors · shut-down
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Summary

MK-V electric driver-optional tractor targeting vineyards and specialty crops. Shut down (2026-04-14); core EV & AV technology acquired by Caterpillar.

Notable

Co-founder Carlo Mondavi is a fourth-generation winemaker — the customer helped design the product. Shut down (2026-04-14); core EV & AV technology acquired by Caterpillar (Monarch disclosed the buyer only as a large global equipment manufacturer; Bloomberg named Caterpillar). Source: https://techcrunch.com/2026/04/15/monarch-tractors-collapse-ends-in-with-an-acquisition-by-caterpillar/

Key facts

Headquarters
Livermore, California
Founded
2018
Role
builder
Category
Agriculture
Sector
Electric autonomous tractors
Status
shut-down
Employees
~300
CEO
Praveen Penmetsa
Founders
Praveen Penmetsa, Mark Schwager, Zachary Omohundro, Carlo Mondavi
Funding
$220M+; shut down (2026-04-14)