LIVERMORE, Calif. – November 18, 2021 – Monarch Tractor, maker of the world’s first fully electric, driver-optional tractor, today announced that it has been named to Fast Company’s inaugural Next Big Things in Tech list, honoring the technology breakthroughs that promise to shape the future of their industries. Monarch Tractor is recognized in the Smart Machines category for “automating farms while preserving the environment.” “Monarch Tractor is leveraging technology to solve today’s most pressing farming challenges,” said Praveen Penmetsa, co-founder & CEO, Monarch Tractor. “We designed the tractor with input from farmers to create a multi-beneficial tool that will help them alleviate labor shortages, accelerate sustainable farming initiatives, and boost their bottom lines. We’re proud to be recognized by Fast Company for our innovation and to be honored alongside the forward-thinking companies named to this distinguished list.”
Launched in December of 2020, Monarch Tractor has received international attention for its flagship MK-V tractor. It is the first tractor to deliver a convergence of electrification, automation and data analysis that empowers sustainable farming, increases efficiency and safety, and maximizes profitability for farmers. Monarch Tractor recently closed a $61M Series B funding round to accelerate production and global deployment. To see the Monarch Tractor in action, watch this video.
The Next Big Things in Tech list, which includes global giants, intrepid startups, and research that’s fresh from the labs, recognizes 65 technologies that are making waves. While not all of the products, services, and technological developments are on the market yet, they’re reaching key milestones in pursuit of making a positive impact for consumers, businesses, and society at large. Click here to see the final list.
“Fast Company is thrilled to highlight cutting-edge technologies that are solving real-world problems in unexpected ways. From climate change and public health crises to machine learning and security, these technologies will certainly have a profound impact on the future, and we’re honored to bring attention to them today,” says Stephanie Mehta, editor-in-chief of Fast Company.
Monarch Tractor’s inclusion in Fast Company’s Next Big Things in Tech list is the latest in a series of honors and accolades in 2021 including “Overall AgTech Solution of the Year” in the 2021 AgTech Breakthrough Awards; a Golden Bridge Business and Innovation award in the AI category; a 2021 RBR50 Robotics Innovations Award; and a 2021 BIG Innovation Award from the Business Intelligence Group.
Monarch Tractor is featured in the Winter 2021/2022 issue of Fast Company available online now and on newsstands December 7.
About Monarch Tractor
Monarch Tractor is working to utilize 21st-century technology to empower farmers by enabling profitable implementation of regenerative, sustainable and organic practices. Monarch Tractor, the world’s first fully electric, driver optional, smart tractor, enhances farmer’s existing operations, alleviating labor shortages, and maximizing yields. Monarch is committed to elevating farming practices to enable clean, efficient, and economically viable solutions for today’s farmers and the generations of farmers to come. With cutting-edge technology, global reach, and an experienced team, Monarch is delivering meaningful change for the future of farming.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. The editor-in-chief is Stephanie Mehta. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication, Inc., and can be found online at fastcompany.com.
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Donna Loughlin Michaels
LMGPR for Monarch Tractor