NEW
YORK, Sept. 21, 2022 /PRNewswire/ --
Ideanomics (NASDAQ: IDEX), a global company focused on
accelerating the commercial adoption of electric vehicles (EV), is
pleased to announce the successful testing of WAVE's 500kW at the
Port of Los Angeles. This
first-of-its-kind high-power, ultra-fast wireless charging system
fully charged a class 8 electric truck in less than 15 minutes,
heralding a future where fleet operators could realize near
continuous electric vehicle uptime.
"We're showing that today, right now, electric heavy-duty
vehicles can operate 24/7, "topping off" their charge while the
work is happening," says Robin
Mackie, Ideanomics Mobility president. "The benefits of this
technology are crystal clear - fleet operators become more
efficient by cutting out vehicle downtime otherwise spent filling
up or plugging a central depot."
Construction and charger installation at the Port of
Los Angeles is underway, and
Ideanomics expects the first 500kW charger to enter service in
2023. Supported by an $8.4 million
U.S. Department of Energy grant, the WAVE 500kW charger is being
deployed as part of a consortium project.
More than 12 million medium and heavy-duty trucks are in service
today in the U.S., many still powered by polluting combustion
engines. The Inflation Reduction Act (IRA) provides more than
$75 billion in programs and tax
credits to electrify these vehicles, giving fleet operators the
confidence to transition faster. Several of these programs and
incentives include specific designations to electrify heavy-duty
vehicles operating in disadvantaged communities and at ports and
warehouses.
To help further accelerate the deployment of wireless charging,
Ideanomics is offering an innovative "As a Service" model. Enabled
by the IRA, a leading e-commerce company is partnering with
Ideanomics to deploy wireless charging and electric vehicles on a
subscription basis. The customer pays a flat, predictable monthly
fee instead of a big, upfront cost. This is the future of fleet
electrification.
Wireless charging is the ideal solution for any fleet operator
with vehicles moving along a fixed route. In logistics, where
minutes and seconds count, fully automated and unobtrusive
high-power wireless charging keeps vehicles powered up during
regularly scheduled stops. Additionally, it allows for smaller
batteries and fewer chargers, resulting in reduced vehicle weight
and costs.
Ideanomics is a leading provider of electrification solutions
for ports and warehouses. Earlier this year, Ideanomics released
its WareSmart platform to help Southern
California warehouse operators plan and implement clean
fleet technology to comply with local regulations.
Ideanomics is solving the complexity of fleet electrification by
bringing together high-performance electric vehicles, charging
infrastructure, and financing solutions under one roof. The company
views WAVE wireless charging as a flagship charging technology and
is committed to supporting its ongoing development and deployment.
This includes exploring opportunities to incorporate wireless
charging into the design of the company's next generation of
electric vehicles.
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
This press release contains certain statements that may include
"forward-looking statements". 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 statements regarding our intention
to transition our business model to become a next-generation
financial technology company, our business strategy and planned
product offerings, our intention to phase out our oil trading and
consumer electronics businesses, and potential future financial
results. 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 continue as
a going concern; our ability to raise additional financing to meet
our business requirements; the transformation of our business
model; fluctuations in our operating results; strain to our
personnel management, financial systems and other resources as we
grow our business; our ability to attract and retain key employees
and senior management; competitive pressure; our international
operations; 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.
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