Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, today announced its entry into an agreement to acquire VIA Motors International Inc. (“VIA”) in an all-stock transaction for a 100% ownership stake. The transaction is subject to customary closing conditions, including Ideanomics’ shareholder approval. Headquartered in Orem, Utah, VIA will manufacture electric commercial vehicles including Class 2 through Class 5 cargo vans, trucks and buses. With deep experience in the vehicle electrification market, the company continues to develop business relationships with commercial fleets and distributors in the United States, Canada and Mexico. “This is a transformative deal for Ideanomics,” said Shane McMahon, executive chairman of IDEX. “As we continue to grow into a leader in the commercial EV space, VIA Motors adds valuable brand cachet and an exceptional manufacturing discipline to our portfolio. Bob’s proven executive leadership has helped establish VIA as a market disruptor and we are excited to welcome him and his team to the Ideanomics family.”
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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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