Ideanomics Secures Financing to Grow Solectrac Dealer Network

Nov 17, 2022

Ideanomics, a global company focused on accelerating the commercial adoption of electric vehicles (EV), has announced its subsidiary Solectrac has added 7 more certified dealers to its dealer network. To enable dealer expansion, Ideanomics secured strategic financing from global financial solutions provider DLL.

Solectrac can assemble 360 tractors per month and are available at 57 locations across the United States. The newest Solectrac dealers are Taylor Implement Company (Colo. and Kan.), Haney Equipment and Foothills Tractor & Equipment (Ala.), Truck Tops USA and San Joaquin Tractor Co. (Calif.), Wade Tractor & Equipment (Ga.) and Best of Clinton Equipment (N.C.).

The combination of a national dealer network and industry-leading production capacity uniquely positions Solectrac to meet orders from large fleet operators. The company is targeting specialty agriculture, parks, municipalities and university market segments for direct sales.

DLL will serve as a preferred financing partner for Solectrac in the United States. Through financing solutions offered by DLL, dealers of Solectrac will now have access to installment and leasing programs that facilitate the sale of equipment to the end-use customer.

Solectrac offers the e25g in the under 40 PTO hp category. Solectrac electric tractors do everything equivalent to a diesel tractor except with zero pollution. In 2023, Ideanomics expects to begin assembly of the e75N tractor, as well as introduce new models to the market.

Source : Farm equipment

Video: Why Invest in Canada’s Seed Future? | On The Brink: Episode 3

Darcy Unger just invested millions to build a brand-new seed plant on his farm in Stonewall, Manitoba so when it’s time for his sons to take over, they have the tools they need to succeed.

Right now, 95% of the genetics they’ll be growing come from Canadian plant breeders.

That number matters.

When fusarium hit Western Canada in the late 90s, it was Canadian breeders who responded, because they understood Canadian conditions. That ability to react quickly to what’s happening on Canadian farms is exactly what’s at risk when breeding programs lose funding.

For farmers like Darcy, who have made generational investments based on the assumption that better genetics will keep coming, the stakes are direct and personal.

We’re on the brink of decisions that will shape our agricultural future for not only our generation, but also the ones to come.

What direction will we choose?

On The Brink is a year-long video series traveling across Canada to meet the researchers, breeders, farmers, seed companies, and policymakers shaping the future of Canadian plant breeding. Each week, a new story. Each story, a piece of the bigger picture.

Episode 3 is above. Follow Seed World Canada to catch every episode, and tell us: Do you think the next generation will have the tools they need to success when they takeover? How is the future going to look?