Monarch Tractor
[SUBSIDIARY]Service & Cobot Robotics · HQ: Livermore, CA · Est. 2018 · 1 model registered · 6 deployments
As of Sep 2026, DEPLOY verifies Monarch Tractor: 1 model, 6 deployments across 4 regions, $220.0M raised, 2 active incidents. 5 sources back the record.
Ownership
SUBSIDIARY
Capital / Funding
to over 40M at a 18M valuation. The MK-V is a driver-optional autonomous electric tractor for precision farming.
Headquarters
Livermore, CA
IP / Patents
Undisclosed
Platform Models
1
Audited Incidents
2
Overview
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.
Safety profile within acceptable range for category. Strong deployment footprint with 5 operational sites across 6 countries. Limited public visibility and press coverage relative to peers.
Key Facts
Claims & Reality Assessment
Audited Corporate Claims Ledger
- [VERIFIED]CustomerClaimed: Apr 14, 2026
“Company confirmed shutdown via social media post. Assets acquired by Caterpillar. The MK-V was a verified autonomous product but the company failed to achieve commercial scale and shut down in April 2026.”
- [VERIFIED]CapabilityClaimed: Jan 1, 2026
“The MK-V was the world's first driver-optional electric tractor. This "first" claim is verified — no other company produced a driver-optional electric tractor before Monarch. However, the company is now defunct. https://www.monarchtractor.com/”
- [CONTRADICTED]CapacityClaimed: Jan 1, 2023
“Monarch never reached 2,000 tractors. Revenue was ~$112M projected for 2024 (Forbes), but Caterpillar acquired Monarch, ending independent operations.”
Safety & Regulatory Posture
2 incidents on record (2 serious). Most recent: Apr 2026.
Leadership & Founders
Founding Team
cofounder · founded 2018-01-01 · no longer at company
cofounder · founded 2018-01-01 · no longer at company
cofounder · founded 2018-01-01 · no longer at company
cofounder · founded 2018-01-01 · no longer at company
Key Former Leadership (4 Tracked)
Partnerships & Commercial Deployments
Recent Verified Partnerships
- Caterpillar acquires Monarch Tractor assetsApr 15, 2026
MOST RECENT · Caterpillar acquires Monarch Tractor assets · 2026-04-15 · with Caterpillar · OPERATING · Monarch Tractor x Disney · 2024-01-01 · with The Walt Disney Company · OPERATING
Operator Customers & Fleet Integrators
Platform Models
Deployments
- MK-V at Wente Vineyards, Livermore, CA[OPERATIONAL]
Wente Vineyards, Livermore, CA · Apr 1, 2020
- MK-V at Oakville[OPERATIONAL]
Oakville · Dec 1, 2022
- MK-V at Napa[OPERATIONAL]
Napa · Jun 1, 2024
- MK-V at Livermore[PILOT]
Livermore · Apr 23, 2021
- MK-V at Healdsburg, California, USA (Foxhill Vineyard)[OPERATIONAL]
Healdsburg, California, USA (Foxhill Vineyard) · Jan 1, 2026
- MK-V at Livermore, California, USA (RK Logistics)[OPERATIONAL]
Livermore, California, USA (RK Logistics) · Jan 1, 2026
Incidents affecting Monarch Tractor
Sectors & Applications
FAQ
What is Monarch Tractor?
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.
What does Monarch Tractor make?
Monarch Tractor has 1 robot model on the DEPLOY registry: MK-V (Monarch Tractor builds both physical robots and the AI that runs them).
Is Monarch Tractor publicly traded?
Monarch Tractor is not an independent public company; it has been acquired, per the DEPLOY registry.
Who competes with Monarch Tractor?
On the DEPLOY registry, peer companies to Monarch Tractor building in the same form factors include DJI, Naio Technologies, WORX Landroid, Carbon Robotics.
Who is the CEO of Monarch Tractor?
Praveen Penmetsa is the ceo of Monarch Tractor, per the DEPLOY registry.
How can I invest in Monarch Tractor?
Monarch Tractor has no separately traded stock; it has been acquired.
Where is Monarch Tractor headquartered?
Monarch Tractor is headquartered in Livermore, CA.
How much funding has Monarch Tractor raised?
Monarch Tractor has raised approximately $220M in disclosed funding on record in the DEPLOY registry.
Who owns Monarch Tractor?
Monarch Tractor has been acquired and is no longer independently owned.
Where does Monarch Tractor operate robots?
Monarch Tractor operates 6 verified deployments, including at Healdsburg, California, USA (Foxhill Vineyard), Livermore, California, USA (RK Logistics), Wente Vineyards, Livermore, CA.
How many robots has Monarch Tractor deployed?
DEPLOY has 6 verified Monarch Tractor deployments on record at sites including Healdsburg, California, USA (Foxhill Vineyard), Livermore, California, USA (RK Logistics), Wente Vineyards, Livermore, CA. That is a count of distinct field deployments each backed by sourced evidence, not a manufacturer's claimed unit total; it updates as new sites are verified.
Is Monarch Tractor a top robotics company?
On DEPLOY's intelligence score, which blends verified deployments, funding, hiring, media, safety, and IP signals, Monarch Tractor ranks in roughly the top 19% of companies tracked by the registry.
When was Monarch Tractor founded?
Monarch Tractor was founded in 2018.
Are there any incidents involving Monarch Tractor?
2 active incidents involving Monarch Tractor are on the DEPLOY registry. Each is a sourced, append-only record; retracted incidents are suppressed from this view.
Is Monarch Tractor safe?
Monarch Tractor has 2 active incidents on record in the DEPLOY registry. 2 incidents on record (2 serious). Most recent: Apr 2026. Retracted incidents are excluded from this count.