SANTA
ROSA, Calif., April 26,
2022 /PRNewswire/ -- Solectrac, makers of
all-electric tractors and an operating company of Ideanomics
(NASDAQ: IDEX), announces the continued expansion of its certified
sales and dealer partnership network with the addition of
Columbiana Tractor, LLC., located in Westover, Alabama. This announcement marks the
first certified retail location in the southeastern region for
Solectrac. With this new dealer partnership, Solectrac and
Columbiana Tractor will deliver sustainable, electric tractor
solutions to serve the region's agricultural customers, hobby
farmers, rural lifestylers and first-time tractor buyers. With
Columbiana Tractor's end-to-end sales, financing, and service
options, customers will be able to reduce their total cost of
ownership without sacrificing safety, performance and reliability.
Over the next few months, Columbiana Tractors will offer
Solectrac's full lineup of electric tractors, starting with the e25
compact electric tractor and later the award-winning e70N, a
powerful, narrow electric tractor purposely built for vineyards and
commercial farms, variants and other products.
With the global electric farm tractor market expected to exceed
$218M by 2026, this new announcement
supports Solectrac's national strategy to bring the benefits of
zero-emission tractors with low maintenance charge options directly
to the buyer via trusted dealerships located within their region.
From hobby farms to utility applications, Solectrac's award-winning
tractors allow farmers to power their tractors by using clean,
renewable energy sources with the same productivity and performance
as tractors using traditional fuels.
"Solectrac's award-winning all-electric tractors continue to see
increased demand across a range of agricultural and farm
applications," said Mani Iyer, CEO
of Solectrac. "We are excited to have Columbiana Tractor as a
valuable partner as we continue to build our dealership network
across the United States. The
importance of the southeast region as a customer base and the
trusted sales and service of Columbiana Tractors made Columbiana a natural fit for our next dealer
location. As Solectrac continues to grow and scale, we look forward
to making electric tractors a sustainable option and the tractor
option of choice for the agriculture and farm industry. By
expanding our dealer network, our goal is to significantly increase
our sales in 2022."
Founded in 2017, by managing partners Chris Mundy and Jeff
Adams, Columbiana Tractor's core business philosophy is
built around investing in the customer. The company provides sales,
finance experts, service technicians, and knowledgeable parts and
accessories staff to provide superior customer service and support
to the region.
"Columbiana Tractor is committed to offering the most innovative
equipment solutions for our customer base here in the greater
Alabama area," said Chris Mundy, managing partner and founder of
Columbiana Tractor, LLC. "With our recent expansion into a new
facility, we prioritized reaching out to Solectrac as part of our
next phase of sustainable farming and agricultural solutions for
the region. The capabilities of performance of these electric
tractors provide real value for efficient operations."
Columbiana Tractor is now taking pre-orders for Solectrac e25
tractors.
Solectrac tractors are assembled in Windsor, Calif. and the company is B Corp
Certified. For more information and news on Solectrac, please visit
www.solectrac.com.
About Solectrac
Solectrac, Inc., located in
Northern California, has developed
100% battery-powered, all-electric tractors for agriculture and
utility operations. Solectrac tractors provide an opportunity for
farmers worldwide to power their tractors by using the sun, wind,
and other clean, renewable sources of energy. The company's mission
is to offer farmers independence from the pollution,
infrastructure, and price volatility of fossil fuels.
About Ideanomics
Ideanomics (NASDAQ: IDEX) is a global
group with a simple mission: to accelerate the commercial adoption
of electric vehicles. By bringing together vehicles and charging
technology with design, implementation, and financial services, we
provide the solutions needed for the commercial world to commit to
an EV future. To keep up with Ideanomics, please follow the company
on social @ideanomicshq or visit https://ideanomics.com.
Safe Harbor Statement
This press release
contains certain statements that may include "forward-looking
statements". All statements other than statements of historical
fact included herein are "forward-looking statements." These
forward-looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions, involve known and unknown risks and
uncertainties, and include statements regarding our intention to
transition our business model to become a next-generation financial
technology company, our business strategy and planned product
offerings, our intention to phase out our oil trading and consumer
electronics businesses, and potential future financial results.
Although the Company believes that the expectations reflected in
such forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The Company's actual results could differ materially
from those anticipated in these forward-looking statements as a
result of a variety of risks and uncertainties, such as risks
related to: our ability to continue as a going concern; our ability
to raise additional financing to meet our business requirements;
the transformation of our business model; fluctuations in our
operating results; strain to our personnel management, financial
systems and other resources as we grow our business; our ability to
attract and retain key employees and senior management; competitive
pressure; our international operations; and other risks and
uncertainties disclosed under the sections entitled "Risk Factors"
and "Management's Discussion and Analysis of Financial Condition
and Results of Operations" in our most recent Form 10-K and Form
10-Q filed with the Securities and Exchange Commission, and similar
disclosures in subsequent reports filed with the SEC, which are
available on the SEC website at www.sec.gov. All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these risk factors. Other than as required under the securities
laws, the Company does not assume a duty to update these
forward-looking statements.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116, New York,
NY 10018
ir@ideanomics.com
Malory Van Guilder, Skyya PR for Ideanomics
malory@skyya.com
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SOURCE Solectrac