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
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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