Ideanomics (NASDAQ: IDEX) is a global company focused on EV and fintech businesses. Founded in 2004 and headquartered in New York, Ideanomics currently spans operations in United States, China, Ukraine, and Malaysia. After raising $400 million in the past few months, the company is looking for high-growth avenues and disruptive opportunities in its two divisions: Mobility and Capital.
As a part of its latest mobility investment, Ideamonics signed an agreement with Energica Motor Company S.p.A. (“Energica”), a listed high-performance Italian electric motorcycle company. As per the arrangement, IDEX will purchase 64% of the share capital increase, the equivalent of 6,128,703 Energica ordinary shares, in a subscribed-shares arrangement. With this collaboration, IDEX will acquire at least 20% of Energica, for $13.2 million, expanding its global footprint in the electric vehicle (“EV”) industry. This investment complements Treeletrik’s business in the ASEAN market and marks Ideanomics continued investment in European-based OEM (https://ibn.fm/1whQB).
IDEX CEO Alf Poor will be delivering a presentation on EV and battery trends and outlook at the KraneShares’ Future of Green ETFs Summit, this month. This conference will witness investors from the US, Europe, and Asia showcasing their opinion on ESG considerations in their portfolios. The conference will witness a global presence of companies inlcuding leading OEM NIO spearheading renewable energy projects and sustainable investment strategies, along with pollution reduction in China (https://ibn.fm/PTvTP).
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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