Ideanomics Inc (IDEX)

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Solectrac launches electric tractor rental program
9:02 am ET June 28, 2023 (PR Newswire) Print
The company's new electric tractor rental program will allow even more customers to experience the benefits of zero-emissions operations

Solectrac, the first electric tractor manufacturer to offer their zero-emission products through direct sales and a certified national dealer network, is announcing the launch of its electric tractor rental program. The program will be administered through Solectrac's dealer network and will allow customers to experience the benefits of Solectrac electric tractors on a monthly basis.

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"We want to offer our customers a way to familiarize themselves with our new technology withoutnecessarilyhaving to make a large financial decision of purchasing a tractor," said Mani Iyer, CEO of Solectrac. "We also know that smaller operations may only need a tractor occasionally."

Available for rent is Solectrac's4WD e25G compact electric tractor, a quiet and powerful zero-emissiontractor that eliminates the noise and pollution associated with traditional diesel tractors. The tractors are 100% battery powered and can be charged from the utility grid or renewable energy systems.

"We want to facilitate getting our zero-emission equipment into as many operations as possible. Electric tractors not only eliminateon-site emissions, but theyprovidea healthier work environment for operators." adds Iyer.Solectrac's new rental program also benefits its dealernetwork in over 70 locations across the United States, allowing prospective electric tractor customers to experience the operational and health benefits of Solectrac's market-leading technology.

Electric tractors operate at a significantly lower decibel range of 65 dB which is considered safe exposure according to the Center of Disease Control and Prevention (CDC) and does not contribute to hearing damage that is seen in operators of diesel equipment. Solectrac tractors also eliminate exhaust and particulate matter that can impact the health of operators and their communities.

The 25 HP-category e25G compact electric tractor is ideal for hobby farms, golf courses, sports fields, equestrian centers, educational institutions and municipalities. The tractor accepts all standard PTO implements, and offers available options such as a front loader, backhoe attachment, cab, and three types of tires to suit a wide variety of applications. Additional models are scheduled for release later this year.

Solectrac is a subsidiary of Ideanomics (Nasdaq: IDEX), a global company with the mission to accelerate the adoption of electric vehicles. Solectrac has been a Certified B Corp since 2019 and continues to maintain the highest standards of verified social and environmental performance, public transparency and legal accountability. Earlier this year, Solectrac joined "Farmers for Climate Action" a grassroots alliance of farmers and farmer allies supporting climate change policy in the 2023 Farm Bill. Solectrac is supporting the 2023 Farm Bill's empowerment of farmers, asking for resources, assistance and incentives that will allow them to lead the way in implementing proven climate change solutions.

To learn more about Solectrac's new rental program, visit www.solectrac.com