Ideanomics (NASDAQ: IDEX), a global company with the mission to accelerate the adoption of electric vehicles, and its subsidiary, Solectrac, North America’s first company to commercialize electric tractors through direct and dealer sales, are reporting continued expansion of its certified sales and dealer network. Specifically, the company added 10 certified dealerships with 18 locations during Q2 2023; added locations were in Tennessee, Kansas, Maine, Nebraska, Illinois, Texas and Florida. The company anticipates continuing to onboard additional certified dealerships throughout the third quarter. According to the announcement, Solectrac’s four-wheel drive, 25-HP-category e25G compact electric tractor is available at the dealerships.

The vehicle is building a reputation for being a quiet, powerful, zero-emission tractor that accepts all standard PTO implements and can be used in a variety of applications, including as a front loader, backhoe attachment and cab, making it an ideal vehicle for hobby farms, golf courses, sports fields, equestrian centers, educational institutions and municipalities. Solectrac is working with certified dealerships to establish a rental program for electric tractors that provide customers an opportunity to experience firsthand the benefits of Solectrac electric tractors. “Dealerships are where customers often get their first experience with one of our quiet, clean, and powerful electric tractors,” said Solectrac CEO Mani Iyer in the press release. “That is why I view each dealership location as an important member of the Solectrac community, and why Solectrac is committed to offering our dealerships direct marketing and sales support to reach and excite potential customers.”

To view the full press release, visit https://ibn.fm/ynrGl

About Ideanomics Inc.

Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles, charging and financing solutions under one roof, Ideanomics is the one-stop partner needed to simplify the transition to, and operation of, any EV fleet. For more information about the company, please visit www.Ideanomics.com.

NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX

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