Ideanomics (NASDAQ: IDEX) recently announced its entry into an agreement that will see the global company increase its stake in Energica Motor Company S.p.A, a manufacturer and distributor of high-performance 100% battery-powered motorbikes, to 70%. Energica’s motorcycles boast the highest emissions-free peak and sustained performance of any road-legal electric motorbike. The announcement came about six months after IDEX acquired a 20% stake in Energica. “At the time, the investment represented IDEX’s resolve to expand its global footprint in the EV industry and complemented Treeletrik’s operations in the ASEAN market… The renewed investment interest, as captured by the recent agreement, therefore extends this resolve even further,” reads a recent article. According to Ideanomics CEO Alf Poor, IDEX believes that with exceptional management and leadership in place and a full range of innovative zero-emissions products already in the market, “Energica has the opportunity to benefit strongly from Ideanomics Capital’s resources, transforming their growth trajectory and positioning them as a global leader in the electric motorcycle market.”
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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 shareholders with the opportunity to participate in high-potential growth industries. 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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