Agtech startup Monarch Tractor shuts down after operational setbacks, with Caterpillar acquiring its autonomous and electric technology for integration into off-highway machinery.

The startup had faced mounting pressure from dealers, farmers, and a co-founder who complained that Monarch's tech didn't work properly.

Unless manufacturers thoroughly understand the problems they’re trying to solve with technology— and can work with the mercurial nature of tech companies — they’re wasting time, money, and putting ...

Monarch Tractor is targeting small farmers of fruits and vegetables with an autonomous and electric tractor that delivers 70 horsepower and 4-wheel-drive. The MK-V tractor allows operators can switch ...

Caterpillar Inc CAT is no stranger to investing in electric vehicles or new technologies in recent years. The company could ...

The 3.5-ton, full-electric tractor has onboard cameras and sensors useful for sowing fields and detecting mines. By Mack DeGeurin Published Jun 6, 2025 12:37 PM EDT Add Popular Science (opens in a new ...

To date, the company has raised over $220 million to enable clean, efficient, and economically viable solutions as well as expanded into various agricultural markets such as vineyards, dairy, berries, ...