Monarch Tractor Pivots Away from Tractors, Faces Layoffs
Update: 2025-11-20
Description
Monarch Tractor, an autonomous electric tractor startup, faces potential layoffs and shutdown after raising over $220 million. Despite shipping around 500 tractors, the company is pivoting from manufacturing to software as a service due to manufacturing challenges and a lawsuit alleging defective vehicles. The transitions timing puts the company at risk of closure, with over 100 employees potentially affected.
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