World’s leading construction manufacturer makes bold move to acquire little-known California startup

The world’s largest manufacturer of construction equipment is making a bet on a little-known California startup that specializes in AI. Caterpillar acquired Monarch Tractor last month, a venture-backed startup, developing electric and autonomous off-road vehicles. Bloomberg reported the deal on Tuesday, though financial terms have not been disclosed. There are indications Caterpillar likely bought the company…

https://nypost.com/2026/04/15/us-news/worlds-leading-construction-manufacturer-makes-bold-move-to-acquire-little-known-california-startup/