Solectrac Continues Development with Two New Supplier Retail Partnerships Added to Its Nationwide Electrical Tractor Gross sales Community

Sellers in Florida and Ohio have develop into a part of Solectrac’s seller community totaling seven sellers throughout the nation

WINDSOR, Calif., Aug. 2, 2022 /PRNewswire/ — Solectrac , makers of electrical tractors and an working firm of Ideanomics (NASDAQ: IDEX), immediately introduced two new seller companions within the continued growth of its licensed gross sales and seller community. The addition of Love Energy Tools (FL) and Specialty Tractors (OH) additional expands Solectrac’s attain throughout the nation with further sellers anticipated within the coming months.

“As extra sellers proceed to affix our community and much more approaching board within the subsequent couple of months, this heightens Solectrac’s status as a frontrunner in offering options to diesel engines for sustainable farming,” states Solectrac CEO, Mani Iyer. “Considered one of our best recognitions is getting these award-winning tractors to sellers throughout america who promote to the interest farms and municipalities trying to energy their tractors with the identical productiveness and efficiency as diesel-powered choices however utilizing clear renewable power sources.”

Solectrac debuted its seller community in March within the Pacific Northwest with Brim Tractor being the primary seller. Shortly after, Columbiana Tractor, LLC got here on board adopted by three new sellers final month – Ocala Tractor, LLC, Schow’s Inc. and Georgia Land Tools, LLC in Florida, Idaho and Georgia, respectively. To this point, Solectrac has secured seven seller companions throughout the U.S. These latest partnerships broaden Solectrac’s seller community attain in Ohio and additional advance present electrical tractor gross sales in Florida.

Love Energy Tools

Love Energy Tools dealership in Florida serves the Homosassa space in Brevard, Citrus, Dixie, Gilchrist, Hernando, Hillsborough, Levy, Pasco, Pinellas, Polk, Orange Osceola, and Seminole counties. They carry a big collection of development gear, farming implements, mowers, new and pre-owned tractors, trailers and UTVs. Love joins Ocala Tractor Provide because the second Solectrac seller in Florida.

Specialty Tractors

Specialty Tractors , a part of the Specialty Household of Dealerships, has been serving prospects since 2000 with RVs, out of doors, marine, and landscaping gear, and components and rental providers. Serving throughout 4 places in Ohio, they provide Mahindra, Gravely, Exmark, Simplicity, Snapper mowers, Roxor UTVs, and components/service for tractors and different gear. Together with the opposite dealerships, onboarding Specialty Tractor cements Solectrac’s presence within the Midwest, a vital area in agriculture.

Solectrac, a B Corp Licensed firm, assembles its electrical tractors in Windsor, Calif., and just lately established a partnership with Nolan Manufacturing to help its rising demand alongside the east coast. Solectrac is taking orders for the e25, a flexible, four-wheel drive tractor nice for interest farms, golf programs, sports activities fields, equestrian facilities and municipalities. Tractors are being delivered in 30 days or much less from these native sellers.

To study extra or to put an order, go to www.solectrac.com or discover a licensed seller close to you . If you’re interested by carrying Solectrac electrical tractors in your dealership, contact 866-219-6750. For extra info and information on Solectrac, please go to www.solectrac.com.

About Solectrac

Solectrac, Inc., situated in Northern California, has developed 100% battery-powered, all-electric tractors for agriculture and utility operations. Solectrac tractors present a chance for farmers around the globe to energy their tractors by utilizing the solar, wind, and different clear, renewable sources of power. The corporate’s mission is to supply farmers independence from the air pollution, infrastructure, and value volatility related to fossil fuels.

About Ideanomics

Ideanomics (NASDAQ: IDEX) is a worldwide group with a easy mission: to speed up the business adoption of electrical autos. By bringing collectively autos and charging expertise with design, implementation, and monetary providers, we offer options for the business world to decide to an EV future. To maintain up with Ideanomics, please comply with the corporate on social media @ideanomicshq or go to https://ideanomics.com .

Protected Harbor Assertion

This press launch incorporates sure statements that will embrace “forward-looking statements”. All statements aside from statements of historic reality included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by means of forward-looking terminology similar to “believes,” “expects” or comparable expressions, contain identified and unknown dangers and uncertainties, and embrace statements concerning our intention to transition our enterprise mannequin to develop into a next-generation monetary expertise firm, our enterprise technique and deliberate product choices, our intention to section out our oil buying and selling and shopper electronics companies, and potential future monetary outcomes. Though the Firm believes that the expectations mirrored in such forward-looking statements are affordable, they do contain assumptions, dangers and uncertainties, and these expectations could show to be incorrect. You shouldn’t place undue reliance on these forward-looking statements, which converse solely as of the date of this press launch. The Firm’s precise outcomes may differ materially from these anticipated in these forward-looking statements because of quite a lot of dangers and uncertainties, similar to dangers associated to: our potential to proceed as a going concern; our potential to lift further financing to satisfy our enterprise necessities; the transformation of our enterprise mannequin; fluctuations in our working outcomes; pressure to our personnel administration, monetary methods and different sources as we develop our enterprise; our potential to draw and retain key workers and senior administration; aggressive strain; our worldwide operations; and different dangers and uncertainties disclosed below the sections entitled “Danger Elements” and “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” in our most up-to-date Kind 10-Okay and Kind 10-Q filed with the Securities and Alternate Fee, and comparable disclosures in subsequent reviews filed with the SEC, which can be found on the SEC web site at www.sec.gov . All forward-looking statements attributable to the Firm or individuals performing on its behalf are expressly certified of their entirety by these danger elements. Apart from as required below the securities legal guidelines, the Firm doesn’t assume an obligation to replace these forward-looking statements.

Contacts:

Ideanomics, Inc.

Tony Sklar, SVP of Investor Relations

1441 Broadway, Suite 5116, New York, NY 10018

[email protected]

Malory Van Guilder, Skyya PR for Ideanomics

[email protected]

SOURCE Solectrac