NetworkNewsBreaks – Ideanomics Inc. (NASDAQ: IDE
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Posted On: 03/19/2021 3:27:28 PM
NetworkNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Targets New Investments and Acquisitions
Ideanomics (NASDAQ: IDEX), a global company facilitating the adoption of commercial electric vehicles and supporting next-generation financial services and fintech products, is eying expansion through acquisitions and new investments. “The company expects 2021 to be another growth year after it raised approximately $400 million over the past six months,” reads an article on why Ideanomics is “one to watch.” “This funding has already been put to good use with acquisitions of Wireless Advanced Vehicle Electrification (‘WAVE’) and Timios. With roughly $200 million still on the balance sheet, Ideanomics continues to look for new investments and acquisitions in revenue-based opportunities focused on EV and fintech businesses.” With each new acquisition, Ideanomics, which is currently divided into mobility and capital divisions, will be adding to its current list of over ten companies. “The Ideanomics Mobility unit consists of five companies: Mobile Energy Global (‘MEG’), Medici Motor Works, Wireless Advanced Vehicle Electrification (‘WAVE’), Treeletrik, Solectrac and Silk EV… The Ideanomics Capital unit consists of five companies: Timios, The Delaware Board of Trade (‘DBOT’), Liquefy, Technology Metals Market (‘TM2’) and Intelligenta.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Ideanomics (NASDAQ: IDEX), a global company facilitating the adoption of commercial electric vehicles and supporting next-generation financial services and fintech products, is eying expansion through acquisitions and new investments. “The company expects 2021 to be another growth year after it raised approximately $400 million over the past six months,” reads an article on why Ideanomics is “one to watch.” “This funding has already been put to good use with acquisitions of Wireless Advanced Vehicle Electrification (‘WAVE’) and Timios. With roughly $200 million still on the balance sheet, Ideanomics continues to look for new investments and acquisitions in revenue-based opportunities focused on EV and fintech businesses.” With each new acquisition, Ideanomics, which is currently divided into mobility and capital divisions, will be adding to its current list of over ten companies. “The Ideanomics Mobility unit consists of five companies: Mobile Energy Global (‘MEG’), Medici Motor Works, Wireless Advanced Vehicle Electrification (‘WAVE’), Treeletrik, Solectrac and Silk EV… The Ideanomics Capital unit consists of five companies: Timios, The Delaware Board of Trade (‘DBOT’), Liquefy, Technology Metals Market (‘TM2’) and Intelligenta.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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