Monarch Tractor announced it received Robotics Business Review’s 2021 RBR50 Robotics Innovation Award, the industry’s premier listing celebrating the top 50 forward-thinking organizations and their impactful robotic creations making a difference in the world.
Monarch Tractor was awarded in the Applications & Markets Innovation Class in the Agriculture Subclass for its autonomy and all-electric operation for the compact tractor market. Monarch Tractor was selected for its value and ability to improve performance, productivity, increase quality, and reduce costs for the agriculture industry.
“Monarch Tractor’s mission has been to improve farming practices with a clean, efficient, safe, and economically viable solution for today’s farmers and future generations. Our cutting-edge technology combining automation, electrification, mechanization, and data analysis helps the agriculture industry reduce overhead costs and emissions. To have our autonomy and all-electric operation be recognized with an RBR50 Robotics Innovation Award is an honor and further validates our mission to increase farmer productivity, improve farm safety, and create a more sustainable future,”
said Praveen Penmetsa, chief executive office, and co-founder, Monarch Tractor.
Since 2012, Robotics Business Review has acknowledged 50 elite companies with the RBR50 Robotics Innovation Awards for accelerating the robotics sector growth and innovation in the following three classes:
● Business and Management – Initiatives or practices that enhance a company’s commercial standing, foster robotics industry growth, or benefit society.
● Technology, Products, and Services – New commercial solutions that have the potential to positively impact markets or the whole robotics sector.
● Application and Market – Industry-specific, newly developed applications that deliver value, provide entry to new markets or improve performance over existing approaches (such as by improving productivity, increasing quality, or reducing cost).
“For the robotics sector, the role, importance, and impact of innovation has never been greater. With this year’s RBR50 Robotics Innovation Awards, Robotics Business Review highlights those critical innovations, and the organizations responsible for them, that will spur the development of new robotics solutions and drive robotics adoption forward,”
said Dan Kara, vice president of robotics at WTWH Media.
The award-winning Monarch Tractor has set a new standard in tractor technology and capabilities. In addition to its 2021 RBR50 Robotics Innovations Award, Monarch Tractor has won several industry awards and recognition including a 2021 BIG Innovation Award and “2020 Tractor of the Year” in the AgTech Breakthrough Awards.
Monarch Tractor recently announced its first deployment at Wente Vineyards and closed a $20M Series A funding round with investments from global companies including Musashi Seimitsu Industry Co., CNH Industrial, VST Tillers Tractors Ltd., At One Ventures, and MUUS.