NEW
YORK, March 8, 2023 /PRNewswire/ -- Ideanomics
(NASDAQ: IDEX), a global company focused on accelerating the
commercial adoption of electric vehicles (EV), today announced that
its subsidiary Energica Motor Company, maker of the world's leading
high-performance electric motorcycle, has started the third phase
of its facility expansion in Modena, Italy.
Ideanomics's subsidiary Energica progresses
with the next phase of its headquarters expansion in Italy
Energica will add a new 12,370 square foot (1,150 square meter)
facility dedicated to Energica Inside, research and development,
and prototype development and testing.
"From the beginning, Energica has been a crucial leader in
Italy regarding EV recruitment and
innovation," says Livia Cevolini, CEO of Energica Motor Company.
"Our reputation and know-how enables Energica to attract talented
people from around the world who often choose to stay and build
their career with us. We look forward to growing our facility,
expanding our staff, and welcoming new people ready to make EV
history."
Energica Inside is ready to help original equipment
manufacturers (OEMs) in their EV transition and bring new products
to market quickly and affordably. The business unit has several new
projects underway in agriculture, marine and aviation and urban
mobility. Its new facility will allow Energica Inside to take on
even more projects, both for Ideanomics's portfolio of companies
and other OEMs, all built around Energica's industry-leading
design, engineering and technology.
At Energica's research and development center, the company's
expert teams continue progressing on the design and implementation
of advanced EV technologies with the support of Ideanomics.
"One year ago, Ideanomics acquired Energica. As part of our
family, they transformed remarkably fast into a globally recognized
brand known for making the best electric motorcycles," says
Robin Mackie, Chief Operating
Officer, Ideanomics. "All of us at Ideanomics are committed to
supporting the growth of Energica and enabling them to make and
sell more electric motorcycles."
Energica is also making progress on expanding
its manufacturing and assembly facilities, including a target
for automation which will allow the electric motorcycle
manufacturer to deliver on increased market demand.
Within the APAC region, Energica is experiencing sustained
growth, including its first deliveries into Japan and Australia. The
United States and Europe
also remain strong markets.
With ongoing support from Ideanomics, Energica is accelerating
the disruption of the global two-wheeler market with its
high-performance electric motorcycles. 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.
About Ideanomics
Ideanomics (NASDAQ: IDEX) is a global group with a simple
mission: to accelerate the commercial adoption of electric
vehicles. By bringing together vehicles and charging technology
with design, implementation, and financial services, we provide
solutions needed for the commercial world to commit to an EV
future. To keep up with Ideanomics, please follow the company on
social @ideanomicshq or visit https://ideanomics.com.
Safe Harbor Statement
This press release contains "forward-looking statements" within
the meaning of the federal securities laws. All statements other
than statements of historical fact included herein are
"forward-looking statements." These forward-looking statements are
often identified by the use of forward-looking terminology such as
"believes," "expects," or similar expressions, involve known and
unknown risks and uncertainties, and include the statement
regarding the completion of the business combination within a
certain period of time, if ever. Although the Company believes that
the expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks, and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of risks
and uncertainties, such as risks related to: our ability to obtain
necessary regulatory approvals and other risks and uncertainties
disclosed under the sections entitled "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our most recent Form 10-K and Form 10-Q
filed with the Securities and Exchange Commission, and similar
disclosures in subsequent reports filed with the SEC, which are
available on the SEC website at www.sec.gov. All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these risk
factors. Other than as required under the securities laws, the
Company does not assume a duty to update these forward-looking
statements.
Investor Relations and Media Contact
Ideanomics,
Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116 New York,
NY 10018.
Email: ir@ideanomics.com
Theodore Rolfvondenbaumen
Communications Director
Email: trolfvondenbaumen@ideanomics.com
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SOURCE Ideanomics