- Future orders in 2022 for all models are up 70% vs. last year.
The volume of orders for the Experia Green Tourer already equals
half of all 2022 sales.
- Compared to last year, Energica revenue from worldwide
motorcycle sales is almost up 70%.
- Entry into the high-value Japanese and Australian markets, with
the first motorcycles arriving in Q1 2023.
NEW YORK, Jan. 19, 2023 /PRNewswire/ -- Ideanomics
subsidiary Energica Motor Company, a leading brand of electric
motorcycles and system integration for EVs, has reviewed 2022
turnover estimates which show unit sales up approximately +52% and
motorcycle revenues +67% compared to the same period of 2021. The
company also reports a substantial increase in Pre-Sale Orders
across the product range, especially for the new Experia
sport-tourer.
Livia Cevolini, CEO of Energica Motor Company,
says:
"Thanks to the significant investments and strategy
made together with Ideanomics, I am proud to confirm that
Energica's 2022 performance shows we are becoming established as a
leader in the EV market.
"Our success is ultimately a reflection of our
customers' belief that Energica makes the best electric
motorcycles on the market. I am incredibly proud and honored by the
great feedback Energica received in the first half of the year,
especially with the launch of the Experia. With Experia, Energica
is rewriting the rules of two-wheeled electric mobility."
Energica's management is looking forward to continuing the
momentum into 2023. A cornerstone of the company's long-term
success will be Energica Inside, which partners with other OEMs to
solve fleet electrification challenges. Energica has
unique know-how in extremely complex electric automotive
engineering, enabling all high-voltage battery engineering to
be performed in-house. Software, firmware, hardware, and style
engineering are also conducted in-house. Energica Inside is now in
advance talks with two-wheeler, agriculture and marine OEMs.
Last year, Energica Inside signed a commercial agreement with
electric tractor manufacturer Solectrac, another Ideanomics
subsidiary, to provide battery pack development, Vehicle Control
Unit (VCU) development, and prototype assembly and
testing.
Stronger unit sales were enabled by the company's fast-growing
certified dealer network. In 2022, Energica added 15 certified
dealers in the U.S. and 33 new certified dealers across the rest of
the world. Ideanomics enabled the US dealer growth. New additions
in January 2023 brought the total of
Energica dealers and importers worldwide to 135 locations. Further
expansion is planned for 2023.
Energica's delivery of 88 Energica EsseEsse9+ motorcycles
to the Indonesian National Police for use during the G20 Bali
Summit resulted in increased interest in Energica motorcycles from
police forces worldwide. The new Experia sport-touring bike is seen
as ideal for police use due to its superior weather protection,
low-speed handling and the longest range of any electric
motorcycle.
Robin Mackie, President of
Ideanomics Mobility, says:
"Ideanomics provided Energica
with the proper strategic guidance and resources to transform from
a pioneering startup with a rich racing history into an industry
leader.
One of the foundational projects we are progressing together
is accelerating manufacturing. Together, we are in the process of
doubling Energica's headquarters and assembly footprint, as well as
installing advanced automation solutions. The result will be more
high-performance motorcycles reaching dealers and customers
faster."
With ongoing support from Ideanomics, Energica is accelerating
the disruption of the global two-wheeler market with its
high-performance electric motorcycles. The company also provides
its technology and expertise to other industries through its
Energica Inside business unit. 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 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
Energica Motor Company S.p.A.
Davide Palumbo
dpalumbo@energicamotor.com
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