Caterpillar Snaps Up Struggling Electric Tractor Startup Monarch

Caterpillar Inc. (NYSE: CAT) has acquired Monarch Tractor, a self-driving electric tractor startup, marking a significant push by the heavy equipment giant into precision agriculture technology. The deal, confirmed by sources familiar with the matter, integrates Monarch’s autonomous tech into Caterpillar’s sprawling $369 billion business, which spans construction and agricultural equipment. Monarch, once hailed as […] The post Caterpillar Snaps Up Struggling Electric Tractor Startup Monarch appeared first on the deep dive.