MK-V

[commercial]

agriculture · food-service · 6 deployments in catalog

Field Advisory

Verified (historical peak): Monarch (founded 2018, Livermore CA; founder/CEO Praveen Penmetsa) genuinely shipped the MK-V battery-electric tractor to paying commercial customers starting Dec 2022 (first: Constellation Brands, six tractors at the To Kalon vineyard; earlier Wente pilot 2021). Raised ~$220M+ (some reports up to ~$251M), anchored by a $133M Series C (Jul 2024). Hence maturityStage=commercial (historical peak)., CORRECTION (cross-graph M&A; defunct): Contrary to the dispatch's framing of an active growing OEM, Monarch COLLAPSED: Foxconn manufacturing ended (Ohio plant sold to SoftBank, Aug 2025); layoffs + shutdown warning (Nov 2025); pivoted to ~70% licensing revenue; entered an assignment for the benefit of creditors and auctioned remaining tractors; its assets/IP (software-defined vehicle platform, perception stack, electrification) were acquired by CATERPILLAR (~Apr 14 2026, terms undisclosed, asset/tech purchase not going-concern). lifecycleState=discontinued., Verified-vs-claimed (autonomy): Marketing of a 'fully autonomous' tractor overstates reality: full autonomy was narrow (dairy feed-pushing in outdoor feed lanes); general field work was driver-assist (Row Follow) with an operator aboard plus WingspanAI remote supervision. An Idaho dealer (Burks Tractor) sued Sept 2025 alleging the MK-Vs 'were unable to operate autonomously,' with Monarch's sales team reportedly conceding the limits in writing.

Manufacturer

Monarch Tractor

Form Factor

agriculture

Lifecycle

commercial

Operational Reality

Audited

Deployments

6

Target Price

Not publicly disclosed

  • COMMERCIAL
  • PILOT

Description

Monarch Tractor (founded 2018, Livermore, California; founder and CEO Praveen Penmetsa) built the MK-V, a fully battery-electric, driver-optional smart tractor with a WingspanAI fleet-management and remote-supervision layer. The registry records it at commercial maturity to reflect a genuine historical peak: the MK-V shipped to paying commercial customers starting in December 2022, the first being Constellation Brands, which took six tractors for its To Kalon vineyard, following an earlier 2021 pilot at Wente. Monarch raised more than $220 million (some reports up to roughly $251 million), anchored by a $133 million Series C in July 2024. The lifecycle state is discontinued, recording a major correction to the originating dispatch's framing of an active, growing manufacturer: Monarch collapsed through 2025, with its Foxconn manufacturing arrangement ending when the Ohio plant was sold to SoftBank in August 2025, layoffs and a shutdown warning in November 2025, a pivot to roughly 70 percent licensing revenue, and finally an assignment for the benefit of creditors. Its assets and intellectual property, including the software-defined vehicle platform and perception stack, were acquired by Caterpillar around April 14, 2026, in an asset and technology purchase with undisclosed terms rather than a going-concern acquisition. On autonomy, marketing of a fully autonomous tractor overstated reality: full autonomy was confined to a narrow dairy feed-pushing use case in outdoor feed lanes, while general field work was driver-assist with an operator aboard, and an Idaho dealer sued in September 2025 alleging the tractors could not operate autonomously, with Monarch's sales team reportedly conceding the limits in writing.

Key facts & specs

13 entries
website
https://techcrunch.com/2026/04/15/monarch-tractors-collapse-ends-in-with-an-acquisition-by-caterpillar/
maturity
commercial
lifecycle
discontinued
manufacturer
Monarch Tractor
deployments count
6
Maturity stage
commercial
Products
MK-V: fully battery-electric, driver-optional smart tractor with WingspanAI fleet/remote layer; first shipped to commercial customers Dec 2022
Form Factor
agriculture (battery-electric driver-optional smart tractor)
Autonomy level
Driver-optional
Production target
First shipped to paying commercial customers starting December 2022; first customer Constellation Brands took six tractors at To Kalon vineyard
Price
Not disclosed
Drive type
Fully battery-electric
Sensor suite
WingspanAI fleet-management and remote-supervision layer

Availability and pricing

price
Not publicly disclosed
lead time
Not disclosed
sales model
Not disclosed
availability
Discontinued
units in field
Not disclosed
pricing Model
Not disclosed

Safety record

Safety Status
1 incident(s) logged

1 incident on record (1 serious). Most recent: Apr 2026.

Risk Metrics
Incidents: 1
Recalls: 0
Latest: Apr 2026
serious: 1

Supply chain

1 entry
  • NVIDIACOMPUTE / SEMICONDUCTOR
    NVIDIA NVIDIA DRIVE -- AI compute for autonomous farming and fleet management on MK-V

    NVIDIA NVIDIA DRIVE -- AI compute for autonomous farming and fleet management on MK-V

FAQ

13 entries
What is MK-V?

Monarch Tractor (founded 2018, Livermore, California; founder and CEO Praveen Penmetsa) built the MK-V, a fully battery-electric, driver-optional smart tractor with a WingspanAI fleet-management and remote-supervision layer. The registry records it at commercial maturity to reflect a genuine historical peak: the MK-V shipped to paying commercial customers starting in December 2022, the first being Constellation Brands, which took six tractors for its To Kalon vineyard, following an earlier 2021 pilot at Wente. Monarch raised more than $220 million (some reports up to roughly $251 million), anchored by a $133 million Series C in July 2024. The lifecycle state is discontinued, recording a major correction to the originating dispatch's framing of an active, growing manufacturer: Monarch collapsed through 2025, with its Foxconn manufacturing arrangement ending when the Ohio plant was sold to SoftBank in August 2025, layoffs and a shutdown warning in November 2025, a pivot to roughly 70 percent licensing revenue, and finally an assignment for the benefit of creditors. Its assets and intellectual property, including the software-defined vehicle platform and perception stack, were acquired by Caterpillar around April 14, 2026, in an asset and technology purchase with undisclosed terms rather than a going-concern acquisition. On autonomy, marketing of a fully autonomous tractor overstated reality: full autonomy was confined to a narrow dairy feed-pushing use case in outdoor feed lanes, while general field work was driver-assist with an operator aboard, and an Idaho dealer sued in September 2025 alleging the tractors could not operate autonomously, with Monarch's sales team reportedly conceding the limits in writing.

Is MK-V actually deployed in the real world?

Yes. MK-V is independently verified in real-world operation on the DEPLOY registry, confirmed at named deployment sites with primary sources: not a concept, render, or demo-only.

Is MK-V autonomous or teleoperated?

Yes. DEPLOY independently verifies MK-V performing Driver-optional autonomous electric tractor operation autonomously, with no human in the loop.

Who makes MK-V?

MK-V is made by Monarch Tractor, based in Livermore, CA, founded in 2018.

Where is MK-V deployed?

6 verified deployments of MK-V are on the DEPLOY registry, including at Healdsburg, California, USA (Foxhill Vineyard), Livermore, California, USA (RK Logistics), Wente Vineyards, Livermore, CA.

Can you buy MK-V?

MK-V is discontinued and no longer sold; its historical record remains on the DEPLOY registry.

What are alternatives to MK-V?

On the DEPLOY registry, comparable agriculture robots to MK-V include VMS V310, John Deere autonomous tractor + See & Spray, Solinftec Solix Ag Robotics, Ted.

How does MK-V compare to VMS V310?

MK-V and VMS V310 (DeLaval · 9 deployments) are both agriculture robots on the DEPLOY registry. MK-V has 6 verified deployments on record. Compare both records for specs, safety, deployments, and verified-vs-claimed autonomy.

Is MK-V a top agriculture?

On DEPLOY's intelligence score, which blends verified deployments, safety, adoption, media, and IP signals, MK-V ranks in roughly the top 22% of agriculture models tracked by the registry.

What is MK-V's maturity stage?

MK-V is at the commercial stage on the DEPLOY maturity ladder (research, prototype, pilot, commercial, production). Commercial stage means production-grade deployments are operating at named customer sites.

Is MK-V still being made?

MK-V is discontinued: the product line is permanently ceased; historical records remain on the registry.

Is MK-V safe?

MK-V has 1 active incident on record in the DEPLOY registry. 1 incident on record (1 serious). Most recent: Apr 2026. Retracted incidents are excluded from this count.

What happened to Monarch Tractor?

Monarch Tractor shut down in April 2026 after seven years of development. The company spent years developing an electric autonomous tractor but was unable to commercialize it. Caterpillar acquired Monarch Tractor's assets. The MK-V was the world's first driver-optional electric tractor.

Deployments

6 entries

Incidents affecting MK-V

1 entry

Sectors & applications

1 entry