Solectrac, a subsidiary of Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company"), announced the launch of the all-new e70N electric tractor, a specially designed, narrow model purpose-built for easy handling and maneuverability on vineyards and farm operations. Today's news follows the Company's July 1, 2021 announcement that long-time agriculture and construction industry veteran Mani Iyer has been appointed Solectrac CEO.

The Solectrac e70N (Narrow) electric tractor is a 4WD, 70 HP (horsepower) vehicle designed for larger agricultural applications including farms, vineyards, and orchards. With up to eight hours of operation from a single charge and the ability to extend that time via swappable battery packs, the e70N allows operators to work more efficiently. The electric tractor sports a narrow 54-inch width, and Level 2 charging via 220 VAC or a solar array. The e70N is now available for pre-order with a fully refundable $1,000 deposit. Delivery expected in Spring 2022.

Solectrac manufactured and delivered e70N electric tractors to three local farms and vineyards in California on June 29-30, 2021, including The Mushroom Farm in Pescadero, Arroyo Lindo Vineyard in Windsor, and Old School Vineyard in Napa.

The California Air Resources Board created a new project category for advanced technology demonstration projects to show the viability of new technologies, such as Solectrac's electric tractors, to perform the same work as the diesel equipment they would replace. Solectrac is one of the first recipients of this new project category.

Solectrac provides zero-emission electric tractor models for applications that span the spectrum of small hobby farms and special utility operations to larger-scale, commercial-level vineyards and farms. Customer deliveries are happening every month, with new orders expected to deliver in Spring 2022.

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