Mit Magzter GOLD unbegrenztes Potenzial nutzen

Mit Magzter GOLD unbegrenztes Potenzial nutzen

Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur

$149.99
 
$74.99/Jahr

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?

Rise Of The Tractor Bots

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.

WEITERE GESCHICHTEN VON Forbes Middle East - English

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.

time to read

12 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

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.

time to read

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.

time to read

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.

time to read

2 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

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.

time to read

4 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

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.

time to read

1 min

November 2025 - English - Forbes Middle East

Forbes Middle East - English

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

time to read

1 min

November 2025 - English - Forbes Middle East

Forbes Middle East - English

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.

time to read

4 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

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.

time to read

5 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

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.

time to read

4 mins

November 2025 - English - Forbes Middle East

Translate

Share

-
+

Change font size