Dealers in Florida and Ohio have become part of Solectrac's dealer network totaling seven dealers across the nation

Solectrac, makers of electric tractors and an operating company of Ideanomics (NASDAQ: IDEX), today announced two new dealer partners in the continued expansion of its certified sales and dealer network. The addition of Love Power Equipment (FL) and Specialty Tractors (OH) further expands Solectrac's reach across the country with additional dealers anticipated in the coming months.

"As more dealers continue to join our network and even more coming on board in the next couple of months, this heightens Solectrac's reputation as a leader in providing alternatives to diesel engines for sustainable farming," states Solectrac CEO, Mani Iyer. "One of our greatest recognitions is getting these award-winning tractors to dealers across the United States who sell to the hobby farms and municipalities looking to power their tractors with the same productivity and performance as diesel-powered options but using clean renewable energy sources."

Solectrac debuted its dealer network in March in the Pacific Northwest with Brim Tractor being the first dealer. Shortly after, Columbiana Tractor, LLC came on board followed by three new dealers last month – Ocala Tractor, LLC, Schow's Inc. and Georgia Land Equipment, LLC in Florida, Idaho and Georgia, respectively. To date, Solectrac has secured seven dealer partners across the U.S. These recent partnerships expand Solectrac's dealer network reach in Ohio and further advance current electric tractor sales in Florida.

Love Power Equipment
Love Power Equipment dealership in Florida serves the Homosassa area in Brevard, Citrus, Dixie, Gilchrist, Hernando, Hillsborough, Levy, Pasco, Pinellas, Polk, Orange Osceola, and Seminole counties. They carry a large selection of construction equipment, farming implements, mowers, new and pre-owned tractors, trailers and UTVs. Love joins Ocala Tractor Supply as the second Solectrac dealer in Florida.

Specialty Tractors
Specialty Tractors, part of the Specialty Family of Dealerships, has been serving customers since 2000 with RVs, outdoor, marine, and landscaping equipment, and parts and rental services. Serving across four locations in Ohio, they offer Mahindra, Gravely, Exmark, Simplicity, Snapper mowers, Roxor UTVs, and parts/service for tractors and other equipment. Along with the other dealerships, onboarding Specialty Tractor cements Solectrac's presence in the Midwest, a critical region in agriculture.

Solectrac, a B Corp Certified company, assembles its electric tractors in Windsor, Calif., and recently established a partnership with Nolan Manufacturing to support its growing demand along the east coast. 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. 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 media @ideanomicshq or visit https://ideanomics.com.

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Contacts:

Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018  
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Malory Van Guilder, Skyya PR for Ideanomics
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