CNH Industrial announced it has completed its minority investment in Monarch Tractor, a U.S.-based agricultural technology company, which will assist in accelerating agricultural industry transformation towards autonomy and electrification.
Monarch’s electric tractor platform offers a unique combination of a fully electric powertrain with autonomous technologies. This is paired with a comprehensive agronomic and machine data management platform to deliver a complete technology ecosystem. This technology will provide professional agriculture producers a first-to-the-market offering in the sub-100 horsepower segment, which lowers overall emissions, improves agronomic insights and enhances safety.
“Monarch is pioneering tractor technology that incorporates electrification, autonomous use, and data management. These are three of the key pillars supporting sustainability, productivity and profitability, both for CNH Industrial and for our farming customers,” said Scott Wine, chief executive officer, CNH Industrial. “We are incredibly excited to work with Monarch to develop and deploy their ground-breaking technology ecosystem, which we believe has applicability across our entire Off-Road business."
Monarch Tractor, headquartered in Livermore, Calif., was founded in 2019 and in 2020 introduced the world’s first fully electric, driver optional, smart tractor integrated on a single platform.