Ideanomics (NASDAQ: IDEX), a global company facilitating the adoption of commercial electric vehicles and supporting next-generation financial services and fintech products, has inched closer to realizing its vision with the recent acquisition of a 20% stake in Energica Motor Company S.p.A. (“Energica”), a manufacturer of high-performance electric motorcycles. The investment, amounting to approximately $13 million, is part of a strategy to bring together companies producing electric vehicles and related products or services, thus allowing technology synergies to play out among them. “The latest investment, Energica, will be part of Ideanomics’ Mobility division and is the second of its kind for IDEX, which acquired a controlling stake in Treeletrik’s sales and distribution arm in March 2019,” reads an article discussing the details of the agreement to purchase Energica. “At the time, Treeletrik, which manufactures all-electric bikes, was the only licensed EV manufacturer in Malaysia.” The investment in Energica will allow “battery technology synergies to play out between Energica and Treeletrik.”
About Ideanomics Inc.
Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. The company’s Ideanomics Mobility division is a service provider that facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy management solutions under its 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 and Ideanomics Capital provide global customers and partners with leading technologies and services designed to improve transparency, efficiency and accountability, and the company’s shareholders with the opportunity to participate in high-potential, growth industries. Ideanomics is headquartered in New York, NY, with offices in Beijing, Hangzhou and Qingdao and operations in the U.S., China, Ukraine, and Malaysia. For more information, visit www.Ideanomics.com.
NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX
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