NetworkNewsBreaks – Ideanomics Inc.’s (NASDAQ:
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Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, today announced it will leverage its uniquely synergistic divisions to further support partner Energica Motor Company S.p.A. and its subsidiaries (“Energica”). Energica is a leading manufacturer and distributor of ultra-high-performance electric motorcycles. According to the update, the two Ideanomics Capital and Ideanomics Mobility divisions will team up to roll out a new dealer floor plan financing arrangement with the goal of more than doubling Energica dealers in the United States by the end of 2021. “American consumers are ingrained in the dealer culture, and they have to be able to see, touch, feel and ride these beautiful machines to make a purchase decision. We are proud to enable a much more prominent and accessible dealer footprint for Energica and expect this to be a critical step to scale and grow our revenue in 2022 and beyond,” said Kristen Helsel, chief revenue officer of Ideanomics. “More importantly, this dealer financing marks the first of many activities where we will leverage the strength of Ideanomics Capital to drive EV sales growth on the Mobility side of the business.”
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