- Over the past three months, Solectrac has
expanded its dealer network by adding locations in Florida, Georgia, and Idaho.
- The company
expects to continue growing its dealer network rapidly across the
US throughout the remainder of the year.
WINDSOR,
Calif., June 28, 2022 /PRNewswire/
-- Solectrac, makers of electric tractors and an operating
company of Ideanomics (NASDAQ: IDEX), today announced the continued
expansion of its certified dealer network with the addition of
Ocala Tractor, LLC, Schow's Inc. and Georgia Land Equipment
in Florida, Idaho and Georgia respectively. Solectrac's dealer
network now spans the entire country.
Solectrac debuted its dealer network in the Pacific Northwest
three months ago in Washington and
Oregon via Brim Tractor, followed
by Alabama with Columbiana
Tractor, LLC. Three months after announcing the launch of its
dealer network, Solectrac dealership locations have expanded
nationwide with more dealers eager to carry their electric
tractors.
Solectrac electric tractors are great sustainable options for
hobby farms to municipalities. Their award-winning tractors allow
farmers and utility operators to power their tractors using clean,
renewable energy sources with the same productivity and performance
as diesel-powered options. These new partnerships and locations
extend Solectrac's ability to deliver sustainable electric tractors
to serve agricultural customers, rural lifestylers, municipalities,
and first-time tractor buyers throughout the United States.
"We are thrilled about our rapidly expanding dealer network and
how we will be able to meet the demand for our tractors in
additional key regions across the country," said Mani Iyer, CEO of Solectrac. "We welcome Ocala
Tractor, Schow's and Georgia Land Equipment to the growing
Solectrac family. Their support has bolstered our nationwide
strategy to bring the benefits of zero-emission tractors with low
maintenance to the market through trusted dealers. This puts us
well on track to reach our 2022 sales goals."
Ocala Tractor, LLC, is a family-owned and operating business in
Ocala, Fla., serving the Crystal
River, Gainesville, Ocala, Orlando, and The
Villages regions. They carry a large selection of new and
pre-owned inventory of tractors and other agricultural equipment
and ship nationwide.
Georgia Land Equipment, founded in 2018, serves the Southeastern United States. They are an
equipment dealer for eight counties across Georgia as well as servicing segments of
Florida, Tennessee, Kentucky, North and South Carolina and Alabama. In addition to land equipment, they
also offer a full line of implements and equipment trailers.
Established in 1949, Schow's Inc. is a three-generation family
business with seven locations in Idaho and one in Utah. Schow's has multiple full-service
equipment dealership locations in Idaho, offering a wide range of innovative
parts, sales and service to its customer base.
Solectrac is taking orders for the e25, a versatile, four-wheel
drive tractor great for hobby farms, golf courses, sports fields,
equestrian centers and municipalities. Tractors are being delivered
in 30 days or less from these local dealers. To learn more or to
place an order visit, www.solectrac.com or find a certified dealer
near you.
Solectrac assembles its tractors in Windsor, Calif., and the company is B Corp
Certified. If you are interested in carrying Solectrac electric
tractors in your dealership, contact 866-219-6750. 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 around the world 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 associated with 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 solutions 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