Praveen Penmetsa is the founder of Monarch Tractor. Monarch Tractor has raised $220M in total funding. Latest round: Series C. Backed by Astanor, HH-CTBC.
Praveen Penmetsa is the CEO and Founder of Monarch Tractor, a company developing all-electric, driverless tractors for commercial farming. He has secured over $220 million in funding for the startup. By late 2025, Penmetsa confirmed Monarch sold its core technology platform to a large global equipment manufacturer.
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