Caterpillar has acquired the assets of the California-based startup Monarch Tractor, which specializes in the development of fully autonomous electric tractors. The agreement
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Caterpillar has acquired the assets of California-based startup Monarch Tractor, which specializes in the development of fully autonomous electric tractors. The deal came after the startup ceased production of its own machines due to operational difficulties and shifted to a technology licensing model. This is reported by Future Farming. Representatives of Monarch Tractor confirmed the sale of their developments to "a major global equipment manufacturer" without officially naming Caterpillar. According to sources, the subject of the deal was intellectual property, software for autonomous driving, perception systems, and electric transmission technologies. "This is a very disappointing end for the company, but I am proud of what the team has achieved. We have proven that autonomy for small farming operations is possible," said Monarch Tractor CEO Pravin Pemets. Although Monarch's technologies were initially developed for agriculture, Caterpillar plans to use them to automate and ...