Versuchen GOLD - Frei
Rise Of The Tractor Bots
Forbes Middle East - English
|Oct 2023
Monarch CEO Praveen Penmetsa wants to save America's farms with robots. Can Old MacDonalds learn new tricks?
-
On a sunny early summer afternoon at Wente Vineyards in Livermore, California, Monarch Tractor cofounder and CEO Praveen Penmetsa is deep into his robot tractor spiel.
He reels off the benefits of his $89,000 vehicle: It’s all-electric. It’s self-driving. It can mow. It can weed. Even though it costs about 80% more than a similar diesel-powered machine, it will ultimately save farmers money, increase their farms’ efficiency and make their operations less reliant on outside labor and fuel. “If there’s one thing that farmers like more than guns, it’s being self-sufficient,” he says with a laugh. “We need to change so that farmers don’t feel like there’s no future in farming.”
The potential buyer, Bartley Walker of Pacific Ag Rentals, whose Salinas, California-based firm rents equipment to farmers, listens intently. He’s concerned about how farmers will be able to keep the tractors charged in the fields but is impressed with the self-driving features. “We understand this is the future,” he says.
On any given day, Penmetsa, 45, who spent nearly two decades working on electric and self-driving cars before pivoting to agriculture, is fighting to convince farmers, investors and lawmakers that making the switch to electric, self-driving tractors is both important and viable. Diesel tractors are a major source of pollution in agriculture, and farmers have long struggled to hire enough workers. Monarch’s machines promise to solve both problems.
Diese Geschichte stammt aus der Oct 2023-Ausgabe von Forbes Middle East - English.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Forbes Middle East - English
Forbes Middle East - English
CHICKEN SCRATCH
NO ONE WOULD FINANCE TODD GRAVES' IDEA FOR A RESTAURANT SERVING ONLY CHICKEN FINGERS. SO HE WORKED AS A BOILERMAKER AND SALMON FISHER TO FUND IT HIMSELF. NOW RAISING CANE'S IS ONE OF AMERICA'S HOTTEST FAST-FOOD CHAINS AND GRAVES IS THE COUNTRY'S RICHEST RESTAURATEUR, WORTH $22 BILLION.
12 mins
November 2025 - English - Forbes Middle East
Forbes Middle East - English
RIDING THE WAVE
Saudi Arabia's tourism revival under Vision 2030 is creating new opportunities. For Taiba CEO Sultan Al-Otaibi, acting fast is imperative and so is investing $880 million in eight prime projects to keep pace with rising demand.
5 mins
November 2025 - English - Forbes Middle East
Forbes Middle East - English
CEO Pay Power Play
Executive compensation across corporate America surged in 2024, driven by stock options and performance bonuses.
2 mins
November 2025 - English - Forbes Middle East
Forbes Middle East - English
Gold Rally Pushes 5 Arab Reserves Above $145B
Gold hit a historic milestone in October 2025, surpassing $4,350 per ounce for the first time, fuelled by rising geopolitical tensions and expectations of monetary easing.
2 mins
November 2025 - English - Forbes Middle East
Forbes Middle East - English
Women Taking Over The Corner Office In 2025
Though women held only 9.8% of CEO roles across S&P 500 companies in Q1 2025, according to Altrata, several notable female leaders have recently taken the helm of major firms globally, from Wall Street to Shanghai, across banking, beauty, aviation, and technology.
4 mins
November 2025 - English - Forbes Middle East
Forbes Middle East - English
THE MIDDLE EAST'S 100 TOP CEOs 2025
Our fifth annual list of the Top 100 CEOs in the Middle East spotlights leaders whose influence extends far beyond business performance.
1 min
November 2025 - English - Forbes Middle East
Forbes Middle East - English
Value & Victory
FINAL THOUGHT - “If your courage rises when difficulties befall, you are made of the stuff that wins.” —B.C. Forbes
1 min
November 2025 - English - Forbes Middle East
Forbes Middle East - English
The World's Highest-Paid Soccer Players 2025
Cristiano Ronaldo leads a group of ten footballers collectively earning $945 million this season, but as the sun sets on his legendary career, two young stars are stepping into the spotlight.
4 mins
November 2025 - English - Forbes Middle East
Forbes Middle East - English
EMPOWERING INDUSTRIES
Majed Al-Argoubi, CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON), is reshaping Saudi Arabia's industrial landscape, driving growth across 39 industrial cities spanning over 220 million sqm. His focus: modernizing the sector, empowering SMEs, and positioning the kingdom as a global manufacturing and technology hub.
5 mins
November 2025 - English - Forbes Middle East
Forbes Middle East - English
Brain Man
HERRIOT TABUTEAU combined a Yale medical degree with two decades in finance to start biotech firm AXSOME. Now its success with drugs for neurological disorders has made the Haiti-born immigrant a new billionaire.
4 mins
November 2025 - English - Forbes Middle East
Translate
Change font size

