When was Monarch Tractor founded?

Monarch Tractor was founded in 2018 and raised its 1st funding round 2 years after it was founded.

Where is Monarch Tractor located?

Monarch Tractor is headquartered in Livermore, United States. It is registered at Liepāja, Dūņu iela 8.

Who is the current CEO of Monarch Tractor?

Praveen Penmetsa of Monarch Tractor. They have also founded 1 company.

How many employees does Monarch Tractor have?

As of Sep 30, 2026, the latest employee count at Monarch Tractor is 220.

Is Monarch Tractor a funded company?

Monarch Tractor is a funded company, having raised a total of $220M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2020.

How much is Monarch Tractor worth?

The last known valuation of Monarch Tractor was $***** as of Apr 03, 2026.

When was the latest funding round of Monarch Tractor?

Monarch Tractor's latest funding was a $***** Series C round on Jul 22, 2024, with participation from 5 investors.

Where does Monarch Tractor rank among its competitors?

Monarch Tractor ranks 4th amongst 41 active competitors, of which 8 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Voltrac, which secured $8.12M in Nov, 2025.

Who are the top competitors of Monarch Tractor?

Monarch Tractor's top competitors include Clearpath Robotics, Bluewhite and Agtonomy. Among them, Voltrac secured the most recent funding round in November, 2025.

Monarch Tractor - 2026 Company Profile, Team, Funding & Competitors

Monarch Tractor is an acquired company based in Livermore (United States), founded in 2018 by Zachary Omohundro, Carlo Mondavi, Mark Schwager and Praveen Penmetsa. It operates as a Manufacturer of electric, autonomous tractors and related technology solutions. Monarch Tractor has raised $220M in funding from investors like Astanor, CNH Industrial and Musashi Seimitsu Industry, with last known valuation of $*****. The company has 41 active competitors, including 8 funded and 7 that have exited. Its top competitors include companies like Clearpath Robotics, Bluewhite and Agtonomy.

Company Details

Manufacturer of electric, autonomous tractors and related technology solutions. The company provides various tractor models for different industries, along with accessories and charging options. It offers technology solutions, including an AI platform and row following capabilities. The company also facilitates subsidies and financing programs.

Website: www.monarchtractor.com/
Social
Email ID: *****@monarchtractor.com
Registered Address: Liepāja, Dūņu iela 8

Key Metrics

Founded Year

2018

Location

Livermore, United States

Stage

Acquired

Total Funding

$220M in 5 rounds

Latest Funding Round

Series C, Jul 22, 2024, $*****

Last Known Valuation

$***** as on Apr 03, 2026

Investors

Astanor & 16 more

Ranked

4^th among 41 active competitors

Employee Count

220 as on Sep 30, 2026

Investment & Acquisitions

Einsite

Similar Companies

Clearpath Robotics & 39 more

Exit Details

Acquired by Caterpillar (Apr 19, 2026)

View Monarch Tractor's full profile

Monarch Tractor is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
MONARCH LTD CIN: 42103082732 , Latvia, Active	Feb 21, 2018	€1M - €10M (As on Dec 31, 2024)	11 (As on Dec 31, 2022)	-

Monarch Tractor got acquired by Caterpillar on Apr 19, 2026.

Click here to take a look at Monarch Tractor's acquisition in detail

Monarch Tractor has raised a total funding of $220M over 5 rounds. Its first funding round was on 2020. Its latest funding round was a Series C round on Jul 22, 2024 for $*****. 5 investors participated in its latest round. Monarch Tractor has 17 institutional investors.

Here is the list of recent funding rounds of Monarch Tractor:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 22, 2024	8588266	Series C	5026433	6577583	8881256	5502783
Nov 04, 2022	4749125	Grant (prize money)	6520066	1141672	6181108	California Energy Commission
Nov 17, 2021	5036001	Series B	4457952	6631530	Astanor	At One Ventures & 2 more

Access funding benchmarks and valuations. Sign up today!

View details of Monarch Tractor's funding rounds and investors

The founders of Monarch Tractor are Zachary Omohundro, Carlo Mondavi, Mark Schwager and Praveen Penmetsa. Praveen Penmetsa is the CEO of Monarch Tractor.

Here are the details of Monarch Tractor's key team members:

Zachary Omohundro: Co-Founder & CTO of Monarch Tractor.
Contact Info: 1 email address
Carlo Mondavi: Co-Founder of Monarch Tractor.
Mark Schwager: Co-Founder & President of Monarch Tractor.
Praveen Penmetsa: CEO Founder of Monarch Tractor and founder of 1 other company.

View details of Monarch Tractor's Founder profiles and Board Members

Monarch Tractor's employee count trend

Monarch Tractor has 220 employees as of Sep 26. Here is Monarch Tractor's employee count trend over the years:

Employee count trend for Monarch Tractor

Uncover Monarch Tractor's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Monarch Tractor include Clearpath Robotics, Bluewhite and Agtonomy. Here is the list of Top 10 competitors of Monarch Tractor, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Clearpath Robotics 2009, Kitchener (Canada), Acquired	Developer of mobile robot platforms for research and industrial applications	$85.8M	Inovia Capital, RRE Ventures & 21 others	64/100
2nd	Bluewhite 2017, Tel Aviv (Israel), Acquired	AI-powered autonomy solutions for off-road applications, increasing productivity and safety	$76M	Entree Capital, Insight Partners & 8 others	64/100
3rd	Agtonomy 2021, San Francisco (United States), Series B	AI-driven automation solutions for agriculture and industrial equipment	$64M	Momenta, Flybridge Capital Partners & 18 others	62/100
4th	Monarch Tractor 2018, Livermore (United States), Acquired	Manufacturer of electric, autonomous tractors and related technology solutions	$220M	California Energy Commission, Tri-Valley Ventures ... & 15 others	56/100
5th	Voltrac 2024, Paterna (Spain), Seed	Manufacturer of electric tractors designed for agricultural and logistical applications	$10.4M	Extantia, Prototype Capital & 3 others	57/100
6th	Bear Flag Robotics 2017, Sunnyvale (United States), Acquired	Revolutionizing farming through autonomous technology and advanced agricultural solutions	$12.5M	True Ventures, Valley Oak Investments & 19 others	51/100
7th	Bullwork Mobility 2021, Bengaluru (India), Seed	Manufacturer of electric tractors, loaders, sprayers, and unmanned ground vehicles	$1.62M	Karnataka Agro Chemicals, Amareshwara Agencies ... & 14 others	45/100
8th	Agcopower 1940, Finland, Unfunded	Design and manufactures industrial automation system	-	-	45/100
9th	BRP-Rotax 1920, Gunskirchen (Austria), Funding Raised	Manufacturer engines for motorised recreational product	-	Europa	43/100
10th	AutoNxt Automation 2016, Thane (India), Seed	Manufacturer of electric tractors for agriculture, industry, and defense applications	$5.31M	Virya Mobility, Saama & 76 others	42/100