Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (“EVs”), announced that it is enabling New Jersey-based small businesses to procure commercial EVs. As the New Jersey Zero-Emission Incentive Program (“NJ ZIP”) provides significant reduction in upfront capital businesses need to purchase medium-duty EVs, Ideanomics is delivering operating expense (“OPEX”) finance solutions to small businesses to support their transition to electrification. “Programs like NJ ZIP empower businesses to access and take advantage of zero-emission vehicles who would ordinarily be unable to afford transitioning to an electric fleet,” said Anthony Orantes, president of Ideanomics Capital. “We are thrilled to offer additional support to businesses participating in NJEDA’s pilot program as they look to make meaningful change in underserved communities under Governor Murphy’s vision for a greener New Jersey. We look forward to assisting small businesses in our own backyard by supporting their transition to e-mobility as we continue to invest in programs that transform the industry.”
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About Ideanomics Inc.
Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation and financial services, Ideanomics provides the solutions needed for the commercial world to commit to an EV future. For more information about the company, visit www.Ideanomics.com.
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