Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, and its subsidiary, Wireless Advanced Vehicle Electrification (“WAVE”), have announced the signing of a cooperative purchasing contract with Sourcewell. WAVE is a leading developer of high-power inductive charging solutions for medium- and heavy-duty vehicles; Sourcewell is a self-sustaining government organization that has offered cooperative purchasing with more than 400 competitively solicited contracts to government, education and nonprofit entities throughout North America. The four-year contract outlines the process for WAVE to offer its high-power EV wireless charging systems to transit agencies and ports without facing the time-consuming RFP, bidding, and vendor selection processes. According to the announcement, more than 50,000 organizations will have access to WAVE’s charging solutions at a discounted price. “This contract is a huge win for the team at WAVE as it will allow us to operate more efficiently with our customers,” said Ideanomics chief revenue officer Kristen Helsel in the press release. “They now have direct access to WAVE’s innovative charging solutions, bypassing the lengthy and expensive bidding process. We are honored to be the only wireless inductive charging solution to be awarded in this round. We look forward to partnering with Sourcewell members, especially municipalities, ports and transit agencies, to accelerate the future of wireless charging.”
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About Ideanomics Inc.
Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. The 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 the company’s 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 the company’s 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. For more information about the company, please visit www.Ideanomics.com.
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