VST Tillers Tractors Limited Announces Strategic Investment in Monarch Tractor (Zimeno Inc)
BANGALORE, India – VST Tillers Tractors Limited (VST) pioneers in manufacturing of tillers and compact tractors for over five decades, announced a strategic investment in US-based Monarch Tractor, maker of the world’s first fully electric, driver-optional smart tractor. The two companies recently announced a technical partnership for the development of hardware for the first series of Monarch Tractors. The investment by VST will help accelerate Monarch’s expansion and growth plans for the India and Asia market.
A leading player in the Indian farm mechanization segment, VST today is the largest manufacturer of power tillers and 4WD compact tractors in India. The company is well-known for its innovative products and solutions for the agricultural sector and as part of its commitment to introduce newer technologies, it has partnered with Monarch Tractor to help accelerate the introduction of smart electric tractors in the Indian market. This will not only help farmers address the issue of ever-increasing fuel prices but will also help in enhancing productivity backed by AI for sustainable farming.
“Monarch offers cutting-edge technology for electric, driver-optional, and connected tractors. VST believes in leveraging these technologies to offer sustainable, productive, and profitable farming solutions. VST’s investment in Monarch Tractor takes our technical supplier partnership to a strategic level. We look forward to collaborating with Monarch and jointly deploy state-ofthe-art technology for the benefit of our customers. This strategic investment also reiterates VST’s commitment towards farm mechanization and empowering of the Indian farming community,” said Mr. Antony Cherukara, CEO, VST Tillers Tractors Limited.
“VST Tillers Tractors Limited is among the most renowned and trusted agricultural equipment marketers in Asia,” said Mr. Praveen Penmetsa, co-founder & CEO, Monarch Tractor. “Their expertise and knowledge of the Indian market, technical support, and connections to parts and suppliers will be invaluable as we begin our expansion into the Asian market. We’re proud to have VST as a key partner.”
Based in California, USA, Monarch Tractor provides a robust platform for groundbreaking technology that empowers sustainable farming with actionable intelligence, clean energy, and unparalleled safety features. Being 100 percent electric, the tractor has zero tailpipe emissions. It utilizes the latest autonomous hardware and software technology, as well as a deep learning & sensing suite to maximize overall farming operations.