Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, has announced that its subsidiary WAVE has completed another transit authority deployment. WAVE is a leading developer of high-power inductive charging solutions for medium and heavy-duty vehicles. The deployment involves a high-power, cable-free, in-route charging system for the Twin Transit Authority (“TTA”), located in Chehalis, Washington. Designed to help the Washington-based transit authority extend the driving range of its electric buses, the deployment is a significant step in accelerating TTA’s progress toward achieving its goal to make its fleet fully electric by 2030. WAVE has completed multiple commercial customer deployments across the company. “The idea of purchasing multiple electric buses to cover the range of a single diesel bus can really hinder a transit agency’s zero-emission plans,” said WAVE CEO Mike Masquelier in the press release. “By making high-power range extension faster, easier and safer than legacy charging solutions, WAVE can enable a single electric bus to cover the longest of routes with minimal impact on normal operations. We look forward to expanding awareness of this game-changing new inductive charging platform and encouraging other transit agencies to follow Twin Transit’s lead and help America reach its carbon zero goals.”
To view the full press release, visit https://ibn.fm/fZPKH
Ideanomics is a catalyst for disruption to those industries where improvements in sustainability, transparency and freedom of choice would have profound benefits on a global scale. The company’s 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, the company’s Mobility & Capital divisions provide Ideanomics’ global customers and partners with leading technologies and services designed to improve transparency, efficiency and accountability, and its shareholders with the opportunity to participate in high-potential growth industries. The company is headquartered in New York City with operations in the United States, China, Ukraine and Malaysia. For more information about the company, please 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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