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Monarch Tractor—MK-VMonarch Tractor—

Monarch Tractor

Electric driver-optional tractor, MK-V

USCaterpillar-ownedest. 2018monarchtractor.com (opens monarchtractor.com)Checked 25 Sep

The brief

Analyst view
  • Delivered MK-V tractors from 2022, built by Foxconn in Ohio.
  • Said licensing was over 70% of 2025 revenue as it moved away from hardware.
  • Assets acquired by Caterpillar in April 2026.
Programs

Monarch Tractor, one program

Updated 1 Nov 2025
MK-VA battery-electric small tractor with cameras and software so it can work with or without a driver in vineyards and orchards.DeployUpdated 1 Nov 2025View program →
Research · Proto · Pilot · Deploy · Scaling

Peers

Self-driving tractors · 2

Company & funding

Parent
Caterpillar
HQ
US
Founded
2018

People

Key people
  • Praveen PenmetsaCo-founder & CEO
Primer