Monarch Tractor expands AI R&D team in Singapore

Monarch Tractor has announced the expansion of its operations in Singapore, signaling major growth and appetite for its A.I., robotics and smart-farming technology within the Asia Pacific region (APAC), reports the company.

Building off of Monarch Tractor’s existing Singapore presence and successful expansion into Hyderabad, India, earlier this year, the company will now move to develop a new generation of data scientists, machine learning engineers and A.I. practitioners by partnering with government agencies and academic institutions to grow their A.I. research & development team.

“After our early success in Singapore with the development of our Monarch Auto Drive tractor operation, we’re excited to continue to evolve our technology with the help of Singapore’s finest talent,” says Praveen Penmetsa, co-founder and CEO, Monarch Tractor. “In partnership with the Singapore government, Monarch Tractor is able to provide more job opportunities and also propel our mission for a greener future.”

The strategic expansion will champion and enable large-scale emissions reductions that support Singapore’s Green Plan 2030, including the country’s aspiration to become net-zero by 2050. Monarch notes that it is currently hiring talent throughout Singapore to support and develop cutting-edge A.I. robotics technology.

In other Monarch news, Ernst & Young has announced that Penmetsa has been named an Entrepreneur Of The Year 2023 Bay Area Award winner. Penmetsa was selected by an independent judging panel made up of previous award winners, leading CEOs, investors and other regional business leaders. The candidates were evaluated based on their demonstration of building long-term value through entrepreneurial spirit, purpose, growth and impact, among other core contributions and attributes.

Penmetsa is now eligible for consideration for the Entrepreneur Of The Year 2023 National Awards. The National Award winners including the Entrepreneur Of The Year National Overall Award winner will be announced in November at the Strategic Growth Forum, a gathering of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the World Entrepreneur Of The Year Award in June 2024.  

For more information on the Entrepreneur Of The Year program, visit ey.com/us/eoy.