NEW
YORK, Feb. 8, 2023 /PRNewswire/ --
Ideanomics (NASDAQ: IDEX), a global company focused on
accelerating the commercial adoption of electric vehicles (EV),
today announced that it has formed a strategic partnership with the
German company MAHLE, and will become the development partner and
exclusive North American distributor for the chargeBIG 18-36 AC
fleet charging solution. Customers can order the unit from
Ideanomics beginning in Q2 2023, with first orders expected to be
fulfilled in early 2024.
The chargeBIG 18-36 AC system is easy to
install, and provides dynamic load management for up to 36 charging
points
"This is an exciting addition to Ideanomics Energy's lineup of
turnkey charging solutions, which includes AC depot charging, DC
high power charging, wireless charging and mobile charging," says
Jan Freimann, Senior Vice President
for Ideanomics Energy. "What sets the chargeBIG 18-36 AC charging
product apart is its fantastic load management software and modular
architecture that can charge up to 36 vehicles from one system that
is about the size of a fridge. It's a scalable, cost-efficient
charging solution for almost any in- and out-door application –
depot charging, warehouses, parking lots and more."
Under the terms of the agreement, Ideanomics has exclusive
rights for 5 years to distribute the chargeBIG 18-36 AC charging
system under the Ideanomics Energy brand in North America. Ideanomics and MAHLE will
optimize the system for North American commercial fleets including
UL certification. The system already meets regulatory requirements
for charging infrastructure under California law.
With around 1,500 chargeBIG charging points supplied to
more than 20 customers in Europe,
this is a proven solution. Thousands of electric passenger vehicles
are powering up using chargeBIG charging points in residential and
business parking garages, and a growing number of commercial fleet
operators are choosing chargeBIG to power their light and
medium-duty EV fleets. chargeBIG also maintains a large-scale
demonstration site in China.
The chargeBIG 18-36 AC system's centralized control unit is easy
to install, and provides dynamic load management for up to 36
individual charging points with a charging power of either 7 kW, 11
kW or 19 kW. This allows for the most efficient charge across
multiple EVs, and can charge twice as many vehicles compared to
competing products.
Ideanomics recently acquired VIA Motors, and has positioned
Ideanomics Energy as the preferred charging solutions provider for
VIA's electric work trucks. Together, Ideanomics Energy and VIA
will offer a cost-efficient, integrated EV and charging solution
for commercial fleets, which has been sorely lacking in the market.
Along with its other charging solutions, Ideanomics Energy will
offer the chargeBIG 18-36 charging solution to fleet operators
looking to unleash the full potential of their new VIA electric
work trucks.
Ideanomics Energy provides charging solutions to customers no
matter where they are on their electrification journey. Ideanomics
is solving the complexity of fleet electrification, offering fleet
operators everything they need to electrify faster, easier, and
more affordably all in one place. The company's subsidiaries,
managed through Ideanomics' three verticals (Ideanomics Mobility,
Ideanomics Energy and Ideanomics Capital), provide turnkey
commercial electrification solutions including financing.
About Ideanomics
Ideanomics is a global group with a
simple mission: accelerating the commercial adoption of electric
vehicles. By bringing together vehicles, charging and financing
solutions under one roof, we are the one-stop partner needed to
simplify the transition to and operation of any EV fleet. To keep
up with Ideanomics, please follow the company on social
@ideanomicshq or visit https://ideanomics.com.
Safe Harbor Statement
Any statements contained in
this press release that do not describe historical facts may
constitute forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, including
statements regarding the expected timing for the filing of the Form
10-K, the Company's ability to regain compliance with the Nasdaq
requirements for continued listing and related matters. These
forward-looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects," or
similar expressions that involve known and unknown risks and
uncertainties. Any forward-looking statements contained herein are
based on current expectations, but are subject to risks and
uncertainties that could cause actual results to differ materially
from those indicated, including, but not limited to, risks and
uncertainties relating to the failure of the Company to file the
Form 10-K on its expected timeline and other risk factors discussed
from time to time in the Company's filings with the SEC. These and
other factors are identified and described in more detail in the
Company's filings with the SEC, including, without limitation, the
Company's most recent Form 10-K and Form 10-Q. The Company
expressly disclaims any intent or obligation to update these
forward-looking statements other than as required by law.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116, New York, NY 10018
ir@ideanomics.com
Theodore Rolfvondenbaumen, Communications Director
Trolfvondenbaumen@ideanomics.com
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SOURCE Ideanomics