Ideanomics’ (NASDAQ: IDEX) wholly owned subsidiary, US Hybrid, a leader in advanced battery, fuel cell and hybrid electric vehicles, has secured a $5.5 million purchase order from Global Environmental Products (“GEP”). The order is for additional battery powertrain kits for electric street sweepers for California’s largest fleet operator, with delivery of the order expected to occur during 2022. “Through our continued supplier relationship with GEP, we are making major advancements in commercializing electrification in the commercial sector,” said Dr. Abas Goodarzi, CEO of US Hybrid. “We’re pleased with this continuation of our work with GEP to provide solutions which support California’s clean mobility goals and are honored to expand our support of municipalities in their vision of environmental sustainability and stewardship.”
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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 an 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 offer shareholders the opportunity to participate in high-potential growth industries. For more information, visit www.Ideanomics.com.
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