LIVERMORE, CA – December 16, 2022 – Monarch Tractor, maker of the MK-V, the world’s first 100% electric, driver-optional, and smart tractor, announced a price update is taking effect on the newly released MK-V tractor starting January 14, 2023. The MK-V will be priced at MSRP $88,998.00.
An Appreciating Farm Asset
In addition to doing all the work of a diesel tractor of comparable size, the MK-V stacks autonomy, connectivity, and electrification for a tractor that supports growth in profitability and crops long after its purchase. As an EV tractor, farmers eliminate diesel expenses and reduce maintenance costs. The MK-V functions as a tractor and utility vehicle during operations, as well as a powerful electric generator in the field. Connectivity through the MK-V’s Wingspan Ag Intelligence (WingspanAI) technology improves data collection, visibility during operations, and streamlines reporting. Autonomous capabilities elevate labor, empowering a farm’s current workforce to work more efficiently and effectively.
Ease of Adoption
The MK-V is ready for deployment in today’s fruit and vegetable farms and is compatible with many of the same implements a farmer would use with a diesel tractor. The MK-V is engineered to also accommodate the implements of the future making it an AgTech bridge between farms of today and tomorrow. This sophisticated, transformative technology is intuitive to use and requires one day of training to get up to speed with your current tractor operators.
ROI
The MK-V electric tractor price update has been put into effect based on global inflationary pressure, rising commodity costs, and supply chain demands driving increased component pricing. All North American orders placed prior to this date will receive the MK-V at the price at reservation. Additionally, Monarch Tractor will honor its previous pricing of the MK-V for customers who reserve units prior to Jan 14, 2023. Farmers can calculate their potential ROI on their purchase of an MK-V. Financial incentives may be available for farmers to expedite payback on their purchase.
Monarch is preparing to announce dealer networks and expanded delivery territories. Launched to the public in 2020, the MK-V combines electrification, automation, and data analysis to help farmers reduce their carbon footprint, improve field safety, streamline farming operations, and increase their bottom lines. At the new MSRP, customers will have the option of accessing Monarch’s WingspanAI digital solutions with an add-on package:
- Connect: ($199/month): Offering real-time alerts, data and reporting, live 360-degree video, custom map visualizations, driver assist mode (Row Follow), and operational insights through 4G LTE connectivity.
- Automate: ($699/month): Includes Monarch Connect plus the ability to schedule Autodrive operations of remote supervision of multiple tractors and is compliant with OSHA autonomy standards.
About Monarch Tractor
Founded in 2018, Monarch Tractor utilizes 21st-century technology to empower farmers by enabling the profitable implementation of regenerative, sustainable, and organic practices. Monarch’s Founder Series MK-V is the world’s first electric, driver-optional, smart tractor set to enhance a farmer’s existing operations, elevating farm practices to enable clean, efficient, and economically viable solutions for today’s farmers and the generations of farmers to come. With advanced, innovative technology, global reach, and an experienced team, Monarch is delivering positive, meaningful change for the future of farming.
