CNH Invests in Newcomer Monarch
CNH Industrial last week completed a minority investment in Monarch Tractor, a technology company focused on autonomous farm equipment.
CNH characterized the partnership as 鈥渁n important step toward further enhancing long-term sustainability, enabling the world鈥檚 farmers and agribusinesses to realize profitable zero-emission farming.鈥
The California-based Monarch was founded in 2019. Last year, it introduced a fully electric, driver-optional smart tractor.
鈥淢onarch 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,鈥 said CNH CEO Scott Wine.