Monarch Tractor Gets $3M to Accelerate Electric Farm Equipment That Supplies Energy Back to the Grid
Fully-electric, autonomous farm equipment manufacturer Monarch Tractor has announced that the company, alongside its group partners have been awarded a grant of $3 million from the California Energy Commission to accelerate the electrification of agricultural equipment. Furthermore, the companies will demonstrate bi-directional capabilities in the farming equipment to support local electrical grids during power outages brought on by more frequent wildfires.
Monarch Tractor describes itself as a “farmer first design” manufacturer focused on revolutionizing the agricultural industry by accelerating clean farming equipment using electric, autonomous technologies.
It’s flagship product, the MK-V electric tractor, can operate for over 10 hours autonomously. Equipped with battery swap capabilities, the MK-V could realistically operate for around the clock if needed, too. Monarch is currently working toward the start of production of its Founder’s Series electric tractors at its current footprint in Livermore, California, which should begin ramping this quarter.
Starting in early 2023 however, Monarch Tractors will move its electric farm equipment manufacturing to Lordstown, Ohio as part of a contract agreement with Foxconn announced in August.
With a major contract manufacturer building its electric tractors in the midwest, Monarch will work with its coalition of likeminded sustainable farming companies in California to accelerate the development of new EV technologies, backed by a fresh influx of $3 million.
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