$IDEX Sustainable Farming Innovator Solectrac Delivers E-Tractor to First Hawaii Customer, Kim and Jack Johnson’s Environmental Education Nonprofit, K?kua Hawai?i Foundation

SANTA ROSA, Calif. , April 21, 2021 — Solectrac, Inc. (Solectrac), America’s first production manufacturer of Electric Tractors and a leader in the transition to zero emission regenerative agriculture and a portfolio company of Ideanomics (NASDAQ: IDEX), today announced the donation of the Company’s first Compact Electric Tractor (CET) production unit to the Kōkua Hawaiʻi Foundation , a 501(c)3 nonprofit organization founded by Kim and Jack Johnson that supports environmental education in the schools and communities of Hawai’i. The debut e-tractor was delivered to the foundation’s new Kōkua Learning Farm, a seven-acre farm on the North Shore of Oʻahu. The foundation, rooted in environmental education, unveiled the tractor with a hands-on tractor demonstration day on Thursday, April 15 to a small group of local Hawaiʻi based farmers and educators.

The Compact Electric Tractor (CET) will be used on the seven-acre Kōkua Learning Farm on Oʻahu. The farm, in its early stages, will be a gathering place for students and community members to learn about food production and participate in supporting a local farming ecosystem that is productive, efficient and sustainable. The Kōkua Hawaiʻi Foundation also works directly with schools across Hawaiʻi through their five school programs. One of their programs, the ʻĀINA In Schools educational program, is a farm-to-school initiative that connects children to their local land, waters and food to grow a healthier Hawaiʻi.

“We are so excited about our new compact electric tractor and our ability to run it with zero emissions off of solar power. We can’t thank Solectrac enough for their generosity. The Kōkua Learning Farm is a place for people of all ages to see the possibilities of a bright future, and this new electric tractor will have lasting impact for generations to come,” said Jack Johnson , singer-songwriter and co-founder of the Kōkua Hawaiʻi Foundation.

This delivery highlights Solectrac’s momentum towards redefining sustainable agriculture, bringing the Company one step closer to replacing all gas and diesel tractors used in farming and agriculture with sustainable e-tractors. Solectrac also recently completed a successful fundraising campaign on StartEngine with a commitment to donate a tractor to the farm that was nominated and voted on by the StartEngine investor community. The Kōkua Hawaiʻi Foundation was the recipient of the highest vote count. Solectrac’s current lineup of e-tractors includes the Compact Electric Tractor , the eUtility Electric Tractor , and the eFarmer Electric Tractor model.

Compact Electric Tractor
The 30 HP diesel-equivalent CET is a versatile, 4WD utility vehicle for vineyards, small farms, greenhouses, golf courses and municipalities. It features a 22 kWh battery pack offering up to 6 hours of runtime. The battery delivers a 10-year estimated lifespan and can be charged in under 4 hours from a 220VAC, 30-amp outlet or overnight from a 110VAC, 15-amp outlet. The CET accepts all Category 1 – 540 PTO implements, including hydraulics on its rear hitch. Base price: $25,800 USD .

Solectrac Founder Steve Heckeroth has dedicated his life to creating eco-friendly and impactful solutions that can have a lasting impact in reducing our planet’s reliance on non-renewable, environmentally-damaging fossil fuels. He founded Solectrac in 2012 to be North America’s first manufacturer and distributor of quiet, zero emission electric tractors.

“We are very pleased to have Kim and Jack’s support in our mission to reduce carbon output in farming and utility work,” said Steve Heckeroth . “All of us at Solectrac are excited to continue this lasting partnership in sustainable agriculture with the Kōkua Hawaiʻi Foundation (KHF).”

To explore the full Solectrac lineup of Electric Tractors or to learn more about Solectrac’s mission to lead the transition to zero emission regenerative agriculture, visit solectrac.com .

To learn more about Kōkua Hawaiʻi Foundation and ways to support, visit kokuahawaiifoundation.org/haleiwa.

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 is a catalyst for disruption to those industries where improvements in sustainability, transparency, and freedom of choice would have profound benefits on a global scale. The Ideanomics Mobility division is a service provider which facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy management solutions under our innovative sales to financing to charging (S2F2C) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, Ideanomics Mobility & Capital provide our global customers and partners with leading technologies and services designed to improve transparency, efficiency, and accountability, and our shareholders with the opportunity to participate in high-potential, growth industries.

The company is headquartered in New York, NY , with offices in Beijing , Hangzhou , and Qingdao , and operations in the U.S., China , Ukraine , and Malaysia .

Safe Harbor Statement
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Investor Relations and Media Contact
Solectrac, Inc.
Christiane Heckeroth , CCO
christiane@solectrac.com

Ideanomics, Inc.
Tony Sklar , SVP of Investor Relations
1441 Broadway, Suite 5116 New York, NY 10018
ir@ideanomics.com

Skyya PR
Susan Donahue
susan.donahue@skyya.com
Ph: 646-454-9378