CNH Industrial entered into an exclusive multi-year licensing agreement for electrification technologies with Monarch Tractor, a U.S.-based agriculture technology company specializing in fully electric autonomous tractors.

The licensing agreement foresees the launch of a scalable, modular electrification platform focusing on low horsepower tractors. These will be developed across multiple product families in the coming years, using a process that continuously gathers farmers’ input. This agreement also furthers CNH Industrial’s ongoing commitment to decarbonizing agriculture through alternative propulsion systems.

This partnership will enable CNH Industrial to enhance its internal electrification capabilities and develop and implement new electrified platforms faster. In turn, Monarch Tractor will be able to harness benefits of CNH Industrial’s sector expertise in products, brands, distribution and the supply chain.

“We are confident that the new pathways provided by Monarch will rapidly strengthen our competitive position in sustainable precision farming,” Scott Wine, CEO of CNH Industrial, said. “Their talented team, exceptional engineering acumen and Silicon Valley R&D ecosystem will greatly enhance our digital capabilities. We look forward to working with Monarch to accelerate innovation in EV technology and expeditiously bring customer-valued, autonomous, fully electric solutions to the world’s farmers.”