Monarch Tractor, creator of the MK-V, a fully electric, driver-optional smart tractor and Wingspan Ag Intelligence (WingspanAI) farm management platform, announced a US$133 million Series C.

The company states the $133 million makes it the largest funding raising round in agricultural robotics history.

To date, Monarch has raised over $220 million to enable clean, efficient, and economically viable solutions as well as expanded into various agricultural markets such as vineyards, dairy, berries, orchards and land management across 12 U.S. states and three countries.

The Series C funds will support the further development of Monarch’s AI product offering, and expansion of its operational footprint domestically and globally.

Funding was co-led by global impact investor Astanor and HH-CTBC Partnership, L.P., with additional support from At One Ventures, PMV and The Welvaartsfonds.

In December 2022, Monarch released the world’s first fully electric, driver-optional, smart tractor – the MK-V – to combat profit challenges, address sustainability demands and revive agriculture innovation. Monarch’s WingspanAI app equips farmers with access to on-farm data, integrating a farm management system, vehicle position tracking, crop image collection and automated operations planning into one platform.

The company said this funding round will support the expansion of Monarch’s digital solutions and AI applications, including the development of Autodrive, Monarch’s autonomous operations feature, for new global markets and crop sectors.