Ideanomics (NASDAQ: IDEX), on March 3, 2021, entered into an investment agreement with Energica Motor Company S.p.A pursuant to which Ideanomics invested Euro 10,909,091 for 6,128,703 ordinary shares of Energica at a subscription price of Euro 1.78 for each ordinary share. Upon purchase of the shares, Ideanomics will hold at least 20% of Energica’s share capital. Energica is the world’s leading manufacturer of high-performance electric motorcycles and the sole manufacturer of the FIM Enel MotoE(TM) World Cup. “We are proud to be part of this unified platform of which we fully share the vision,” said Livia Cevolini, CEO of Energica, of the investment. “The creation of a network of innovative companies can only accelerate the growth and adoption of new technologies such as sustainable mobility that sees us among the leaders. We are confident to make our contribution derived from decades of experience in the field of high-performing electric motorcycles. The investment will give further strength to the Energica growth already underway in recent years thanks to the innovations brought to our products within the racing experience in MotoE.”
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About Ideanomics
Ideanomics is a global company that facilitates the adoption of commercial electric vehicles and supports next-generation financial services and fintech products. Its electric vehicle division, Mobile Energy Global (“MEG”) provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity, as well as financing and charging solutions; the company refers to this business model as sales to financing to charging (“S2F2C”). Ideanomics Capital provides fintech services that include intelligent and innovative solutions powered by AI and blockchain. Together, MEG and Ideanomics Capital provide global customers and partners with more efficient solutions for a greener economy. The company is headquartered in New York City, New York, with offices in Beijing, Hangzhou and Qingdao and operations in the U.S., China, Ukraine, and Malaysia. For more information, visit www.Ideanomics.com.
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