NetworkNewsBreaks – Ideanomics Inc. (NASDAQ: IDE
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Posted On: 03/26/2021 5:57:07 PM
NetworkNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Furthers Strategy with Energica Investment
Ideanomics (NASDAQ: IDEX), a global company facilitating the adoption of commercial electric vehicles and supporting next-generation financial services and fintech products, has inched closer to realizing its vision with the recent acquisition of a 20% stake in Energica Motor Company S.p.A. (“Energica”), a manufacturer of high-performance electric motorcycles. The investment, amounting to approximately $13 million, is part of a strategy to bring together companies producing electric vehicles and related products or services, thus allowing technology synergies to play out among them. “The latest investment, Energica, will be part of Ideanomics’ Mobility division and is the second of its kind for IDEX, which acquired a controlling stake in Treeletrik’s sales and distribution arm in March 2019,” reads an article discussing the details of the agreement to purchase Energica. “At the time, Treeletrik, which manufactures all-electric bikes, was the only licensed EV manufacturer in Malaysia.” The investment in Energica will allow “battery technology synergies to play out between Energica and Treeletrik.”
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, has inched closer to realizing its vision with the recent acquisition of a 20% stake in Energica Motor Company S.p.A. (“Energica”), a manufacturer of high-performance electric motorcycles. The investment, amounting to approximately $13 million, is part of a strategy to bring together companies producing electric vehicles and related products or services, thus allowing technology synergies to play out among them. “The latest investment, Energica, will be part of Ideanomics’ Mobility division and is the second of its kind for IDEX, which acquired a controlling stake in Treeletrik’s sales and distribution arm in March 2019,” reads an article discussing the details of the agreement to purchase Energica. “At the time, Treeletrik, which manufactures all-electric bikes, was the only licensed EV manufacturer in Malaysia.” The investment in Energica will allow “battery technology synergies to play out between Energica and Treeletrik.”
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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