Ideanomics secures third-party financing for Solectrac dealer expansion

Ideanomics announced that its subsidiary Solectrac has added seven 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. 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.