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Autonomous Vehicles

Monarch Tractor to share electrification technologies with CNH Industrial

Matt PeskettBy Matt PeskettNovember 3, 2021No Comments
Monarch Tractor to share electrification technologies with CNH Industrial
Monarch Tractor's fully electric, autonomous tractor [Source: Monarch Tractor]
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Building upon its minority investment stake in US electric autonomous tractor company – Monarch Tractor, CNH Industrial has entered into an exclusive, multi-year licensing agreement for electrification technologies.

Headquartered in the US state of California, Monarch Tractor was founded in 2019, and is committed to elevating farming practices to enable clean, efficient, and economically viable solutions for farmers. In 2020 the firm introduced the world’s first fully electric, driver optional, smart tractor integrated on a single platform. CNH Industrial participated in the firm’s US$20 million Series A funding round in March 2021.

The new license agreement furthers CNH Industrial’s ongoing commitment to decarbonising agriculture through alternative propulsion systems. Specifically the deal foresees the launch of a scalable, modular electrification platform focusing on low horsepower tractors. These will be developed across multiple product families in the coming years, using an agile, customer-lead process.

Electrification and machine automation are key tenets of CNH Industrial’s strategy to become an even stronger technology leader in agriculture and drive customer value. This mutually beneficial partnership enables CNH Industrial to enhance its internal electrification capabilities and develop and implement new electrified platforms faster. In turn, Monarch Tractor will be able to harness benefits of CNH Industrial’s deep sector expertise in product, brand, distribution, and supply chain strength.

In a statement, Scott Wine, Chief Executive Officer of CNH Industrial said “We are confident that the new pathways provided by Monarch will rapidly strengthen our competitive position in sustainable precision farming. Their talented team, exceptional engineering acumen and Silicon Valley R&D ecosystem will greatly enhance our digital capabilities. We look forward to working with Monarch to accelerate innovation in EV technology and expeditiously bring customer-valued, autonomous, fully electric solutions to the world’s farmers.”

 

 

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Matt Peskett
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For over 23 years Matt has worked in digital media with global companies in the science, technology, food and agricultural sectors. With a lifelong passion for growing his own fruit and veg, Matt also exhibits 300kg/700lbs pumpkins and is an RHS Flower Show volunteer. He has a sizeable horticultural social media presence and has been a finalist in the Garden Media Guild's blog of the year and social media awards. Matt is an individual investor in agritech start-ups like Small Robot Company, Breedr and Drone Ag as well as AppHarvest Inc, Agronomics Ltd and Hydrofarm Holdings.

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