InvestorWire NewsRoom

InvestorNewsBreak

InvestorNewsBreaks – Ideanomics Inc.’s (NASDAQ: IDEX) WAVE Subsidiary Announces Update on Inductive-Charging Project
January 16, 2024

InvestorNewsBreaks – Ideanomics Inc.’s (NASDAQ: IDEX) WAVE Subsidiary Announces Update on Inductive-Charging Project

WAVE Charging, a wholly owned subsidiary of Ideanomics (NASDAQ: IDEX) and developer of high-power, wireless inductive charging solutions for medium- and heavy-duty commercial vehicles, today provided an update on its 500kW ultra-fast wireless charging system developed in conjunction with Cummins Inc. and the U.S. Department of Energy (“DOE”). WAVE has continued development work on the system and toward its deployment. In partnership with Cummins, Venture Logistics and the DOE, WAVE plans to deploy and demonstrate the innovative 500kW wireless inductive charger to move cargo at a Venture Logistics facility in the Midwest. “Our demonstration project with Venture Logistics will show that for medium- and heavy-duty vehicles that demand perpetual operations and require charging infrastructure, wireless charging is the most effective solution at scale,” said Robin Mackie, COO of Ideanomics, WAVE’s parent company. “We’re demonstrating that electric heavy-duty vehicles can operate continuously, recharging during their regular operations. The advantages of this technology are evident: fleet operators enhance efficiency by eliminating vehicle downtime spent refueling or connecting to a central depot.”

To view the full press release, visit https://ibn.fm/LWNuo

About Ideanomics Inc.

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

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
[email protected]

InvestorWire is powered by IBN

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).