Monarch among Top 50 AgTech Innovators

Share this item

Monarch Tractor, creator of the MK-V fully electric, driver-optional smart tractor, has been selected for the 2023 THRIVE TOP 50 AgTech and FoodTech Report. The company is being recognized for its innovative work in transforming the agrifood value chain towards a more sustainable future.

Monarch Tractor has surprised the agriculture industry over the last two years with next generation EV technology and automation capabilities to meet farmers’ most pressing needs. Featured Monarch Tractor in this report validates the hard work and dedication of the Monarch Tractor team as it works towards its mission is to elevate farming practices and enable clean, efficient, and economically viable solutions for today’s farmers and the generations of farmers to come.

As John Hartnett, CEO of SVG Ventures|THRIVE rightly points out, investing in solutions that rethink agriculture and food production systems is key to solving environmental problems, and  Monarch Tractor is glad to be part of this solution.

“We thank SVG Ventures|THRIVE for this honor and look forward to continuing the journey towards a sustainable future for all,” said Praveen Penmetsa, Co-Founder and CEO of Monarch Tractors. “We are proud of the work we have done to date to disrupt the agricultural industry and will look forward to more success going forward.”

John Hartnett, CEO of SVG Ventures|THRIVE, emphasized the importance of investing in solutions that rethink agriculture and food production systems to solve environmental problems. “We believe that the future of our planet relies on transforming the way we produce and consume food. By investing in innovative solutions that revolutionize agriculture and food production systems, we can tackle some of the biggest environmental challenges of our time,” said Hartnett.

This recognition has come at a crucial time for Monarch Tractor as it is currently expanding operations to new markets including vineyards, orchards, and berry and dairy farms. Being part of the 2023 THRIVE TOP 50 AgTech and FoodTech Reports provides Monarch Tractor with increased visibility and opportunity to attract new investors, partners, and customers.

By including Monarch Tractor in the report, its commitment to driving innovation in the agriculture and food sector and creating a sustainable future for all has been recognized, which motivates the Monarch Tractor team to work even harder to develop additional groundbreaking solutions that can further revolutionize the industry and make a significant impact.


SVG Ventures | THRIVE is a global agrifood investment and innovation platform headquartered in Silicon Valley, USA, and comprised of top agriculture, food & technology corporations, universities, and investors. With a community of over 8,000 startups from over 100 countries, the THRIVE platform invests, accelerates, and creates unparalleled access for entrepreneurs to scale globally to solve the biggest challenges facing the food and agriculture industries. SVG’s global partners include leading government, agriculture, and technology corporations such as Alberta Government, Old’s College, Calgary Economic Development, Corteva, Driscoll’s, FCC, BASF, Kubota, Land O’Lakes, Trimble, Taylor Farms, Bayer, ICL, SHELL, Nutrien, Intel, Valmont, UFA, Yamaha Motor Ventures and Wilbur-Ellis.

Leave a Reply

Your email address will not be published. Required fields are marked *

eighteen − 5 =

Stay Connected

More Updates

Receive the latest news

Subscribe to our newsletter