GreenEnergyBreaks – Ideanomics Inc. (NASDAQ: IDEX) Completes Acquisition of Solectrac, Pioneer EV Tractor Maker
Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles (“EVs”) and associated energy consumption, announced that it has completed the acquisition of California-based Solectrac, a manufacturer and distributor of premium zero-emission electric tractors that use clean renewable sources of energy. The acquisition aligns with IDEX’s focus on reducing commercial fleet greenhouse gas emissions. Solectrac offers three e-tractors and utility vehicle models that can be used for a wide array of agricultural and utility operations. According to the announcement, through the most recent acquisition, Ideanomics acquired 78.6% of the fully diluted cap table of Solectrac; IDEX…
