NEW YORK, Sept. 26, 2022 /PRNewswire/ --
Ideanomics (Nasdaq: IDEX), a global company focused on
accelerating the commercial adoption of electric vehicles (EV), is
strengthening its position as a leading commercial electric vehicle
and charging OEM by establishing in-house design capabilities.
Ideanomics Design will shape the future of commercial EV solutions
industrywide and strengthen Ideanomics' balance sheet by embedding
a more cost-effective, efficient, and standardized design process
across the organization.
"Ideanomics Design is our soul. We now have a team of remarkable
people with strong automotive and industrial design experience who,
for the first time, have brought to life Ideanomics' vision of an
all-electric future," said Alf Poor,
Ideanomics CEO. "Our design philosophy is about customizable,
modular and multi-use solutions. For example, let's transform bus
stops into hubs where people can park and charge their Energica
bikes and then hop on an electric bus operating on VIA's BEV
skateboard technology powered by WAVE wireless charging. That
central hub can also use our advanced containerized charging
technology to generate and store energy and help power a
city."
Ideanomics recently introduced its three verticals of Mobility,
Energy and Capital, each accountable for managing the operational
performance of the company's vehicle and charging brands.
Ideanomics Design is a change catalyst and integrator, working
across verticals and brands to spur creative thinking as well as
simplify and standardize the product design process.
For example, Ideanomics Design is developing the physical
branding and styling in collaboration with
Energica and Solectrac on the design of Solectrac's
new range of tractors. Essentially, combining the technology from
the world's best electric motorcycle with the styling created by
Ideanomics Design to make the new generation of Solectrac electric
tractors even better. Ideanomics expects three new tractors to be
introduced to the market in 2023 – all created under Ideanomics'
new design philosophy.
"During every step of the design process, we are putting the
customers' needs first," says Carlos
Arroyo, chief designer at Ideanomics. "My team is committed
to bringing the needs and wants of each customer into the design
process and combining Ideanomics' brands, technology and
engineering expertise to create elegant product offerings that
provide the absolute best customer experience possible and inspire
the digital generation."
Ideanomics Design is also introducing an innovative, modular
design approach to increase efficiency and flexibility across
different product categories. This will revolutionize the
customer experience, enabling Ideanomics to deliver low-cost,
automated manufacturing that allows customers to track and
customize their products while they are being built. While
primarily focused on in-house work, Ideanomics Design will also
generate revenue by providing consulting services to third
parties.
Ideanomics is solving the complexity of fleet electrification by
bringing together high-performance electric vehicles, charging
infrastructure and financing solutions under one roof. Through its
three verticals, Mobility, Energy and Capital, the company provides
turnkey commercial electrification solutions for customers, no
matter where they are on their electrification journey.
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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