NEW
YORK, March 15, 2023 /PRNewswire/ --
Ideanomics (NASDAQ: IDEX), a global company focused on
accelerating the commercial adoption of zero-emission vehicles,
today announced that its subsidiary Energica Motor Company, maker
of the world's best high-performance electric motorcycle, has
entered into two separate partnerships with the French tech
consulting firm Phenix Air Corp and Pure Flight to develop
all-electric solutions for ultra-light and light aircraft.
Ideanomics subsidiary Energica announces
new partnerships to develop all-electric solutions for
aviation
The collaboration is being executed by Energica's Energica
Inside business unit.
"With this collaboration, Energica's technology is literally
taking to the skies. Aviation is one of the most challenging
industries to decarbonize and I am very proud to be supporting the
industry-leading Phenix Air Corp on their journey to develop
and bring to market zero-emission ultralight aircraft," says Livia
Cevolini, CEO, Energica Motor Company.
As part of the collaboration with Phenix Air Corp, Energica's
electric powertrain has been integrated into an airplane propeller
to assess performance and conduct testing. The powertrain will then
be integrated into an ultralight seaplane to test in-flight
performance.
In California, a parallel
project is underway with Phenix Air Corp to integrate Energica's
powertrain into a purpose-built Sonex airframe for small aircraft
applications. The project will test the performance and range of
the EV conversion for multiple use cases, including training
courses, cruise intrastate travel and aerobatics.
Energica Inside engineers are also collaborating with airplane
manufacturer Pure Flight to assess the integration of Energica's
powertrain for the Pure Flight ΦNIX airplane. Through
the combination of Energica's powertrain and Pure Flight's
high-efficiency airframe, the two companies are aiming to achieve
the highest possible range for all-electric intra-European air
travel.
"Aviation has been at the forefront of innovation in the
transport sector and EV technologies are entering into the equation
of product development. We have started different programs with
partners around the globe to learn together and accelerate the time
to market of our solutions," says Carlo
Iacovini, General Manager, Energica Inside.
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.
With ongoing support from Ideanomics, Energica is pioneering 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.
About Energica Inside
Energica Inside is the new
business unit of Energica Motor Company dedicated to developing
innovative solutions for e-mobility.
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.
Media Contact
Theodore Rolfvondenbaumen
Communications Director
Email: trolfvondenbaumen@ideanomics.com
Davide Palumbo
Communication Manager
Email: dpalumbo@energicamotor.com
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SOURCE Ideanomics