Organization to Host Analyst and Investor Working day and EV Merchandise Showcase at the NASDAQ MarketSite in Moments Square on April 11, 2022

NEW YORK, March 28, 2022 /PRNewswire/ — Ideanomics (NASDAQ: IDEX), a worldwide corporation centered on accelerating the commercial adoption of electric cars, currently introduced the corporation has finalized its greater part possession stake  of Italian producer and distributor of higher-performance, 100% battery-run electrical bikes, Energica Motor Enterprise S.p.A. (Energica). Ideanomics will host an Analyst and Trader Working day in addition EV products showcase on Monday, April 11, 2022, at the NASDAQ MarketSite in New York Town to go over the acquisition, large-development two-wheel sector and synergy that Energica provides to Ideanomics and its operating companies. The topic for the meeting is “EVolving the Street In advance,” a position Ideanomics absolutely embraces to offer you the market place with foremost business electric answers which includes automobiles, charging technological know-how with design and style, implementation, and money solutions.

Energica: Italian Heritage and Ground breaking Solution Line of Electrical Motorcycles  

  • Created in the heart of the Italian Motor Valley in historic Modena
  • Energica riders expertise the type of thrills evoked by an Italian racing legend heritage
  • Energica’s lineup of significant-effectiveness electrical motorcycles are readily available in U.S., European markets and in Asia, the Middle East and Africa
  • New ‘Energica Inside’ Initiative to Guidance Moto Marketplace ‘EV’olution underway
  • Energica is a really recognizable brand name with in excess of a ten years of pioneering encounter

Shane McMahon, Govt Chairman of Ideanomics: 

“Given that we initial declared our intention to get Energica past September, the business has ongoing to see growth and enlargement throughout the U.S.,” explained Shane McMahon, executive chairman of Ideanomics. “By furthering our financial investment in Energica, we are expanding Ideanomics’ offerings in the mobility sector at a time when electrical two-wheelers are taking about the industry in a definitely exciting manner. As we’ve witnessed with Energica’s match-modifying development prepare which include a developing seller network in the U.S., there is proven demand from customers for the products which will proceed to seize extra of market share in the months and decades to arrive.”  

The superior-effectiveness electrical motorbike industry is envisioned to grow at a CAGR of more than 35% throughout 2020-2024, according to Technavio Analysis.

Livia Cevolini, CEO of Energica Motor Company S.p.A.: 

“Energica and Ideanomics’ shared eyesight of growing accessibility to zero-emission transportation tends to make this a clever suit for a the greater part owner connection as we continue on to broaden our actual physical presence and automobile offerings in the U.S. and abroad,” stated Livia Cevolini, CEO of Energica Motor Firm S.p.A. “What Energica delivers to the market place is the racing-quality technology and experience that is envisioned to come from the Italian Motor Valley paired with the innovation that the sector craves when it will come to the large-unfold acceptance and availability of electrification.”  

The Energica lineup of higher-general performance electric powered bikes involve: 

  • Energica Moi, Ego+ and Moi+ RS: The Energica Ego sequence features riders the greatest leading pace and sustained general performance of any electric motorbike on the current market. Coupled with incredibly nimble dealing with even at reduce speeds, the bicycle sports immense torque, blistering acceleration, innovative on-board technological know-how, and DC Quickly Charging (DCFC) as common – all with zero emissions.
  • Energica EVA Ribelle and EVA Ribelle RS: A true electrical e-fighter, Energica’s EVA Ribelle is the bare model of the Energica Moi, with the exact torque, electrical power, acceleration, and variety, with vital dissimilarities remaining using posture and best speed. Perfect for aggressive driving with an city mojo, or an assertive-still-upright using placement as an alternative of the normal track working day crouch, the EVA Ribelle also simply transforms into a lengthy-length activity touring bike with the very simple addition of facet panniers, windshield, and tank bag.
  • Energica EVA EsseEsse9, EVA EsseEsse9+ and EVA EsseEsse9+ RS: The Energica EVA EsseEsse9 shares the technological innovation and sophistication of each the Moi and the EVA Ribelle but is created additional acceptable for informal driving without the need of the demanding hyper-overall performance of the other two products. The EVA EsseEsse’s typical bench seat and peaceful driving position make it the suitable bike for two-up using and the favored choice for long-distance electric powered wanderers close to the earth.

Transaction Specifics: 

  • Ideanomics has obtained a 70% possession stake in Energica
  • On March 7, 2022, Ideanomics secured 93.63% of the general public float of Energica’s shares.
  • As a outcome of Ideanomics effective tender present, Energica is now delisted from Borsa Italiana, the Italian Stock Exchange, and is now entirely trading as part of Ideanomics (NASDAQ: IDEX) on the NASDAQ.
  • Ideanomics paid 3.2 Euros per share in the all-hard cash transaction.
  • With this acquisition, Ideanomics options to accelerate Energica’s go-to-current market model, commit in new products, and improve its distribution abilities with a purpose of doubling its U.S. supplier network by the close of 2022.
  • The addition of more approved Energica sellers and other retail factors in the U.S. will help travel consumer brand name awareness and maximize market share for the most sophisticated zero-emission bikes on the current market.
  • As the most recent operating enterprise to join Ideanomics, Energica’s proprietary technology will be applied in non-aggressive marketplaces. The powertrains and battery management devices have apps for other Ideanomics operating firms like Treeletrik, Solectrac and other individuals.

Ideanomics Analyst & Investor Working day “EVolving the Highway In advance” 

The corporation is hosting an Analyst and Investor Day on Monday, April 11, 2022, from 10 a.m. to 4 p.m. ET, with shows beginning at 11 a.m. ET. The event will be held at the NASDAQ MarketSite in New York City in Instances Square for those attending in-individual. A dwell webcast of the celebration will also be accessible on the net. The webcast part will conclude at around midday ET

The function will incorporate shows from a number of of its executive leadership team like Livia Cevolini, CEO of Energica Motor Enterprise S.p.A., Energica’s U.S. CEO Stefano Benatti, Ideanomics CEO Alf Poor, Ideanomics Chairman Shane McMahon and Ideanomics President, Robin Mackie. Management will outline its lengthy-time period approach for reaching accelerated expansion, driving profitability, and growing Energica’s client foundation to contain new and diverse ridership. Customers of Ideanomics’ administration workforce will also talk about the firm’s general eyesight, market alternatives, go-to-market method, product or service innovation, and monetary outlook.  Traders, analysts and push can ask for a meeting by getting in touch with [email protected] 

Two-Wheeler EV Solution Showcase

In addition to Energica’s entire line-up of electrical motorcycles on show at the NASDAQ together with the Energica Moi, Energica Eva Ribelle and Energica EsseEsse9.

In accordance to BNEF’s Electric powered Motor vehicle Outlook 2021 Report,” “two-wheelers are just about on monitor to get to zero emissions by 2050.” 

Event registration as nicely as a stay audio webcast can be discovered on Ideanomics Investor Relations web page. A replay of the webcast and similar materials will be obtainable on the web page next the function.  For more information and news on other Ideanomics investments and subsidiaries, you should stop by https://ideanomics.com.   

About Ideanomics   

Ideanomics (NASDAQ: IDEX) is a world wide team with a straightforward mission: to accelerate the professional adoption of electrical vehicles. By bringing jointly motor vehicles and charging engineering with structure, implementation, and economical providers, we give the completeness of remedies needed for the business world to commit to an EV long term. To hold up with Ideanomics, remember to comply with the organization on social @ideanomicshq or visit https://ideanomics.com.    

Contacts:   

Ideanomics, Inc.   

Tony Sklar, SVP of Investor Relations   

1441 Broadway, Suite 5116, New York, NY 10018     

[email protected]  

Media Call:  

Malory Van Guilder, Skyya PR for Ideanomics

[email protected]   

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