CNH invests in Monarch Tractor
By Chad Elmore04 March 2021
CNH Industrial N.V. has completed its minority investment in Monarch Tractor, a U.S.-based agricultural technology company.
CNH Industrial N.V. has completed its minority investment in Monarch Tractor, a U.S.-based agricultural technology company, which is expected to assist in accelerating agricultural industry transformation towards autonomy and electrification. CNH said the strategic partnership is an important step toward further enhancing long-term sustainability, enabling the world’s farmers and agribusinesses to realize profitable zero-emission farming.
Monarch’s tractor platform offers a fully electric powertrain with autonomous technologies. This is paired with an agronomic and machine data management platform to deliver a complete technology ecosystem. This technology is expected to provide professional agriculture producers a first-to-the- 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, CEO, 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, Calif., was founded in 2019, and the tractor was introduced in 2020.