NEW YORK, Sept. 20, 2021 /PRNewswire/ -- Ideanomics
(NASDAQ: IDEX) ("Ideanomics" or the "Company"), today announced
they will leverage their uniquely synergistic Capital and Mobility
divisions to further support partner Energica Motor Company S.p.A.
and its subsidiaries (Energica). Energica is a leading manufacturer
and distributor of ultra-high-performance electric motorcycles. In
response to increasing consumer and dealer interest, the two
Ideanomics divisions will team up to rollout a new Dealer Floor
Plan financing arrangement with the goal of more than doubling
Energica dealers in the United
States by the end of 2021, targeting markets that have
demonstrated a propensity for early electric vehicle adoption.
The news follows Wednesday's September
15th announcement that Ideanomics has launched a
tender offer to increase its ownership stake in Energica from 20%
to approximately 70% after Energica nearly doubled their sales in
2020, followed by strong performance in the first half of 2021.
This success has fueled a rapid expansion in the European market as
well as Asia, the Middle East, and Africa. The addition of more authorized
Energica dealers and other retail points in the U.S. will help
drive consumer brand awareness and increase market share for the
most advanced zero-emission motorcycles on the market.
"American consumers are ingrained in the dealer culture and they
have to be able to see, touch, feel, and ride these beautiful
machines to make a purchase decision. We are proud to enable a much
more prominent and accessible dealer footprint for Energica and
expect this to be a critical step to scale and grow our revenue in
2022 and beyond," said Kristen
Helsel, Chief Revenue Officer of Ideanomics. "More
importantly, this dealer financing marks the first of many
activities where we will leverage the strength of Ideanomics
Capital to drive EV sales growth on the Mobility side of the
business."
"Without question, it is the exhilarating acceleration and
seamless power that riders experience on a test ride, that finally
converts them from a conventional internal combustion bike to one
of our electric motorcycles. Now that we can expand our dealer
network we will be able to offer this experience to more U.S.
riders than ever, furthering our goal to help transform the
motorcycle business for years to come," said Stefano Benatti, U.S. CEO of Energica Motor
Company S.p.A. "The vision that Ideanomics has for Energica and
their ability to help propel our growth has provided a unique
opportunity to quickly scale our product throughout the U.S. and
serve as a template for future dealer expansion. This is the
first of many steps we hope to take as Ideanomics and Energica
partner together."
For more information and news on other Ideanomics investments
and subsidiaries, please visit https://ideanomics.com.
About Energica Motor Company S.p.A.
Energica Motor
Company S.p.A. is the world's leading manufacturer of
high-performance electric motorcycles and the sole manufacturer of
the FIM Enel MotoE™ World Cup. Energica motorcycles are currently
on sale through the official network of dealers and importers.
About Ideanomics
Ideanomics is a global company
focused on the convergence of financial services and industries
experiencing technological disruption. The Ideanomics Mobility
division is a service provider which facilitates the adoption of
electric vehicles by commercial fleet operators through offering
vehicle procurement, finance and leasing, and energy management
solutions under an innovative sales to financing to charging
(S2F2C) business model. Ideanomics Capital is focused on disruptive
fintech solutions for the financial services industry. Together,
Ideanomics Mobility and Ideanomics Capital provide global customers
and partners with leading technologies and services designed to
improve transparency, efficiency, and accountability, and offer
shareholders the opportunity to participate in high-potential
growth industries.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116, New York,
NY 10018
ir@ideanomics.com
Jeremy Ertl, Skyya PR for
Ideanomics
jeremy@skyya.com
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SOURCE Ideanomics