NetworkNewsBreaks – Ideanomics Inc.’s (NASDAQ:

NetworkNewsBreaks – Ideanomics Inc.’s (NASDAQ: IDEX) Treeletrik to Provide Clean, Safe, Affordable Transportation Option in Indonesia

Ideanomics’ (NASDAQ: IDEX) subsidiary, Tree Technologies Sdn Bhd (“Treeletrik”), a Malaysian home-grown electric vehicles (“EV”) maker with a presence in the ASEAN market, has signed a partnership to supply 200,000 units of its 100% electric motorbikes to Indonesia via distributors PT Pasifik Sakti Enjiniring and the Nahdatul Ulama Board (“PBNU”). The partnership expands Treeletrik’s regional presence as a key player in promoting electric mobility, supporting ASEAN’s energy transition agenda. “Treeletrik is a pioneer in bringing true electric motorbikes from Malaysia to the ASEAN region and beyond, spearheading a new way of mobility,” said Datuk Viswananthan Menon, CEO of Treeletrik. “We are thrilled to further our efforts on the regional stage through this partnership with PT Pasifik Sakti Enjiniring and PBNU in Indonesia to provide a transportation option that is clean, safe and affordable, with our advanced EV technology. Our 100% electric motorbikes offer customers long-term cost savings and more importantly contribute towards an overall positive impact to the environment.”

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