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InvestorNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Soletrac to Join Alliance Heading to Washington for Rally, US Hybrid to Work on Gantry Crane Project

Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles, through its subsidiary, Solectrac Electric Tractors, plans to join Farmers for Climate Action: Rally for Resilience. The grassroots alliance of farmers, farmworkers and farmer allies are participating in a rally this week held in Washington, DC. The purpose of the event is to ask policymakers to make climate change policy a priority in the 2023 Farm Bill. Led by the National Sustainable Agriculture Coalition and Farm Aid, and supported by an alliance of organizations, the three-day rally will be held March 6–8, 2023, in the nation’s capital; satellite events are also scheduled around the country. As part of the rally, a Solectrac electric tractor will be on display to show that the future of agriculture has arrived. “Electric tractors are an essential part of addressing the climate crisis and forging a sustainable future for farmers,” said Solectrac CEO Mani Iyer in the press release. “These tractors can be charged from renewable energy and not only eliminate on-site emissions but also provide a healthier work environment. . . . We want to urge Congress that electrification of agriculture is part of the myriad of solutions that we will need to pursue in order to attain a sustainable food system.”

In addition, the company announced that US Hybrid, also a subsidiary, is partnering with Mi-Jack to convert a rubber tire gantry (“RTG”) crane from fossil diesel to hydrogen powered. The “dream project” involves US Hybrid engineers coming up with a zero-emission way to power the large piece of machinery. The agreement calls for US Hybrid to manage procurement, engineering and design work related to the hydrogen propulsion project while Mi-Jack, an industry leader and innovator in rubber-tired gantry cranes, will install the hydrogen propulsion kit into the RTG crane at its Illinois facility; US Hybrid will also provide engineering diagrams and on-site support. “For our exceptional engineers at US Hybrid, this is a dream project,” said Ideanomics chief commercial officer Macy Neshati in the press release. “They get to come up with a zero-emission way to power a very big and energy intensive piece of machinery. . . . I want to extend a heartfelt thanks to Mi-Jack for taking action to decarbonize gantry cranes and trusting US Hybrid as their partner to do it.”

To view the full press releases, visit and

About Ideanomics Inc.

Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles, charging and financial solutions under one roof, the company is the one-stop partner needed to simplify the transition to, and operation of, any EV fleet. For more information about the company, please visit

NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at

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