- New York-based Ideanomics Inc. is building key operations in across the world, aiming to promote the transition from gas-powered vehicles to electric vehicles
- The company’s sustainability efforts were recently recognized by the NASDAQ exchange when Ideanomics rang the closing bell at the end of Earth Week
Ideanomics (NASDAQ: IDEX) received the honor of virtually ringing the NASDAQ closing bell to wrap up Earth Week on April 23, highlighting the company’s “mission … to drive the sustainability transformation globally” and ensure it is making a difference (https://ibn.fm/JrhdR).
Ideanomics now has two primary divisions: Ideanomics Mobility, whose mission is driving EV adoption through a synergistic ecosystem of subsidiaries and investments across three key pillars — vehicles, charging, and energy; and Ideanomics Capital, which focuses on using technology and innovation to improve efficiency and transparency within the financial services industry.
Highlighting its Mobility division’s purpose, Ideanomics subsidiary Solectrac recently announced the donation of the company’s first Compact Electric Tractor (“CET”) production unit to a non-profit Hawaiian foundation that supports environmental education (https://ibn.fm/IaqX6).
The debut e-tractor was delivered to the foundation’s new 7-acre farm on the North Shore of Oʻahu, where it will be used to demonstrate environmentally friendly opportunities for promoting a local farming ecosystem that is productive, efficient, and sustainable in food production.
“We are so excited about our new compact electric tractor and our ability to run it with zero emissions off of solar power,” Kōkua Learning Farm co-founder Jack Johnson stated in the announcement’s news release.
Highlighting the activities of Ideanomics’ Capital division, the company recently announced an investment into FNL Technologies that grants Ideanomics about 20 percent ownership and allows Ideanomics to refocus its energies in the social media arena by partnering with the operator of online platform hoo.be (https://ibn.fm/a8RWz). FNL gains Ideanomics subsidiary Grapevine Village as part of the process, following on Ideanomics’ announcement it was seeking to divest itself of Grapevine’s influencer marketing offering.
For more information, visit the company’s website at 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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