Trimble Ventures Invests in Monarch Tractor – an Electric, Autonomous Smart Tractor Platform for Sustainable Farming
17 November 2021, California: Trimble Ventures, Trimble’s corporate venture capital fund, announced today its investment in Monarch Tractor. Monarch is a U.S.-based agricultural technology company and maker of the world’s first fully electric, autonomous compact smart tractor platform that empowers productive and sustainable farming. This investment supports Trimble Ventures’ mission to invest in early and growth-stage companies that are accelerating innovation and digital transformation in the industries Trimble serves—such as agriculture, construction, geospatial and transportation. The investment terms were not disclosed.
Farmers today face numerous challenges including labor shortages, weather, safety concerns, ensuring sustainability, government regulations and more. Monarch Tractor addresses these issues by combining electrification, automation, machine learning and data analysis to enhance a farmer’s existing operations, increase labor productivity and safety, and maximize yields to cut overhead costs and emissions.
“We are focused on investing in companies that are solving important problems in markets that align with Trimble’s mission of transforming the way the world works,” said Phil Sawarynski, managing director and co-head, Trimble Ventures. “Monarch Tractor is a technology pioneer, offering an electric autonomous smart tractor platform that empowers sustainable farming, increases efficiency and maximizes profitability for farmers. This is an exciting opportunity to help accelerate innovation, digital transformation and bring new solutions to the agriculture industry.”