In order to expand footprint in electric vehicle (EV) industry, Ideanomics has acquired 20% of Italian Energica Motor Company S.p.A. (Energica) for USD 13.2 million. Energica Motor is the world’s leading manufacturer of high performance electric motorcycles and the sole manufacturer of the FIM Enel MotoE World Cup.
- Energica Motor develops high performance 100% battery-powered motorbikes.
- With this investment in Energica, Ideanomics expands in the electric vehicle (EV) industry, and complements Treeletrik’s business in the ASEAN market.
- With this partnership, Energica has been able to test new battery solutions and innovations in extreme conditions with the best riders in the world to advance its high-performance battery technology.
The prominent deals and expansions by Ideanomics are featured below:
Nov 2020: Ideanomics had agreed to acquire 100% of privately held Timios Holdings Corp. in an all-cash deal. Timios is a leading title and settlement solutions provider.
June 2020: The leading technology firm Ideanomics announced that it has entered into an agreement, to sell Grapevine Logic , Fintalk, and CommentsRadar, to Techconn Holding Group Co., Ltd.
June 2020: Ideanomics announced that its subsidiary, Mobile Energy Global (MEG) along with Beijing Silk Road Rainbow Group developed a new energy bus plan to help facilitate the sale of more than 2,000 EV buses in China through selecting manufacturers with the capability to fulfill multiple large-scale orders.
June 2020: Ideanomics had entered into a 50/50 joint venture (JV) with Business Big Data PTE, Ltd./Seasail Ventures (BBD) to create an investment company focused on new infrastructure projects in China.
May 2020, Ideanomics, MEG division had announced an agreement with Beijing Xinneng Green Intelligent Network Technology Co., Ltd. (BXGI) to help finance the replacement of its urban fleet with electric vehicles (EVs) in China over the next five years, starting in 2020. The Group’s fleet operations consist of more than 100,000 city buses. Upon conversion to EVs, it is estimated that this fleet will require a significant charging port infrastructure to accommodate the energy demand to power its EV fleet operations.
April 2020, Ideanomics, announced that the Qingdao City Construction Investment Group Limited (QCCIG) had entered into framework strategic cooperation agreement with Sun Seven Stars Investment Group Limited (SSSIG) to raise up to USD 7 Billion fund to finance investment projects in Qingdao and Shandong Province.
March 2020, Ideanomics, announced to partnership with the City of Qingdao and in conjunction with our MEG Group subsidiary, Qingdao Mobile New Energy Vehicle Sales Co. Ltd., activities of its flagship sales, support, and maintenance center in the City of Qingdao.
Ideanomics, headquartered in New York, the USA, focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services. The company has two division- electric vehicle division Mobile Energy Global (MEG), provides discounts on commercial electric vehicles purchase, EV batteries and electricity as well as financing and charging solutions and financial service division Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain.