CNH INDUSTRIAL VENTURES PARTNERSHIP UPDATES
CNH Industrial Ventures was formed in February 2022 to invest in, and collaborate with, tomorrow’s innovators. Today it boasts a portfolio of investments that span the Alternative Propulsion, Digital and Automation spaces.
This investment arm is strengthening our commitment to rapidly develop our technology stack, boost customer productivity and further our ESG targets. Strategic investments in digital and technology startups bolster CNH Industrial’s in-house capabilities and product offerings, while facilitating innovative customer-facing solutions. In turn, our Company offers resources and reach to support the market validation and growth of its partners.
“Our Ventures arm uses CNH Industrial’s expertise and resources to fast-track new ideas that can solve our customers’ challenges in real time,” says Michele Lombardi, Senior Vice President of Corporate Development, CNH Industrial and Head of CNH Industrial Ventures. “We continue to make tremendous progress with our global partners to bring meaningful innovations to life and are always looking for new opportunities.”
Through our partnership with Monarch Tractor - monarchtractor.com – we have expedited our journey to Net Zero Farming. Monarch is a dynamic newcomer in the electrified agriculture vehicles space, with unique capabilities in automation. Our technology license and development agreements are integrating Monarch’s tech stack into our product portfolio. The first result was on display at our Tech Day in the New Holland T4 Electric Power, the world’s first electric utility tractor with autonomous features. CNH Industrial’s industrialization, customer support and after sales expertise have accelerated Monarch’s trajectory to market – allowing them to start delivery on their first tranche of 50 all-electric, autonomous, smart tractors to customers within year end.
We are the exclusive strategic agricultural technology partner of Bennamann – bennamann.com – whose method to capture and repurpose fugitive methane emissions for energy has become a cornerstone of our alternative fuels innovation. Together we are building a sustainable and profitable energy production system that completes the Net Zero Farming cycle. In just five months Bennamann and our New Holland brand prototyped the T7 Methane Power LNG, the world’s first LNG pre-production tractor – unveiled at our Tech Day.