CNH Industrial announced this week that it has completed its minority investment in Monarch Tractor, a US-based agricultural technology company.
Monarch Tractor
The company says this investment which will assist in "..accelerating agricultural industry transformation towards autonomy and electrification".
CNH believe the strategic partnership is an important step towards long-term sustainability, enabling the world’s farmers to realise profitable zero-emission farming.
Monarch say their electric tractor platform offers a combination of a fully electric powertrain with autonomous technologies. This is paired with an agronomic and machine data management platform. CNH say this technology will provide professional agriculture producers a first-to-market offering in the sub-100hp 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. This partnership underscores our commitment to rapidly improving our alternative propulsion and precision farming portfolio, while extending our world-leading sustainability credentials.”
Monarch Tractor, headquartered in Livermore, California, USA, was founded in 2019. In 2020 the company introduced the world’s first fully electric,
driver optional, smart tractor integrated on a single platform.