Ideanomics Invests in Italian Electric Motorcycle Company, Energica Motor Company
- Ideanomics acquires a 20% stake in Energica Motor Company, a leading manufacturer of high performance electric motorcycles
- According to Schmidt Automotive Research, the Western European EV market has surpassed China and is the largest market in the world
- Europe s electric motorcycle market grew over 50% in 2020, mirroring the electric car market
News provided by
Share this article
Share this article
NEW YORK, March 9, 2021 /PRNewswire/ Ideanomics (NASDAQ: IDEX) ( Ideanomics or the Company ) is pleased to announce it has acquired 20% of Italian Energica Motor Company S.p.A. (Energica) for the consideration of $13.2 million. It develops high performance 100% battery-powered motorbikes. With this investment in Energica, Ideanomics expands its global footprint in the electric vehicle (EV) industry, and complements Treeletrik s business in the ASEAN market. This investment marks continued
Ideanomics Invests in Energica Motor
Ideanomics Inc. has signed an investment agreement with
Energica Motor Company S.p.A. for the subscription of €10,909,091 equal to 64.17% of the share capital increase against the issue of no. 6,128,703 Energica ordinary shares. Upon completion of the subscription of the capital increase, the investor will hold a stake of at least 20% of the company’s share capital. The subscription price was determined at Euro 1.78 per share, as a result of the weighted average of the official price of Energica shares recorded in the six months prior to the execution of the transaction.
Livia Cevolini, CEO of Energica Motor Company S.p.A., commented, “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.
Ideanomics to Present at Upcoming Virtual Conferences
News provided by
Share this article
NEW YORK, Feb. 24, 2021 /PRNewswire/
Ideanomics (NASDAQ: IDEX) ( Ideanomics or the Company ) is pleased to announced that Ideanomics and portfolio companies WAVE and Solectrac will be presenting at the following conferences in March.
Global Transmission Conference
Time: 1:15 pm -1:55 pm EST
Register using this link or copy/paste link below and select Wave/Ideanomics to receive 30% off the registration cost.
Representative: Steve Heckeroth (Solectrac)
Register using this link or copy/paste link below.
Representative: Alf Poor (Ideanomics)
About Ideanomics
Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. Our Ideanomics Mobility division is a service provider which facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and l