"Revolutionizing Farming: Tractorbots to Rescue America's Agriculture"
Monarch Tractor, a California-based startup, is gaining traction in the agricultural industry with its autonomous electric tractors. The company's CEO, Praveen Penmetsa, aims to revolutionize farming by offering all-electric, self-driving tractors that can perform tasks such as mowing and weeding. Monarch Tractor has raised $116 million in equity funding and expects its revenue to triple or more this year. The tractors not only address the labor shortage in farming but also reduce pollution caused by diesel tractors. With partnerships with companies like Foxconn and CNH Industrial, Monarch Tractor is poised to make a significant impact in the agricultural automation market.