The electric tractor developer has closed a series A round co-led by corporates Musashi Seimitsu Industry, CNH Industrial and VST Tillers Tractors.
Automotive component manufacturer Musashi Seimitsu Industry, agricultural vehicle producer CNH Industrial and tractor maker VST Tillers Tractors co-led a $20m series A round for US-based smart tractor provider Monarch Tractor yesterday.
Venture capital fund At One Ventures and private capital group Muus also took part in the round. The company had not disclosed details of any earlier financing.
Monarch Tractor has developed an electric tractor capable of operating without a driver. The series A funding will be allocated to international…
