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Nice increase by institutions. Any speculation on when the stock price will also increase?
Ideanomics Institutional Ownership continues to increase https://fintel.io/so/us/idex
Ideanomics Energy Pens Agreement with Coast Counties Peterbilt to Deploy and Operate Green Charging Solutions
Mon, May 23, 2022
https://www.stonkmoon.com/news/IDEX/8a37069924420252b75d58c4b6c7cb0a
SAN JOSE, Calif., May 23, 2022 /PRNewswire/ -- Ideanomics (NASDAQ: IDEXIDEX), a global company focused on accelerating the adoption of commercial electric vehicles (EV), announced that it has signed an agreement with Coast Counties Peterbilt to deploy and operate energy and charging solutions at Coast Counties' truck dealerships in California.
The agreement includes a Power Purchase Agreement (PPA) and a Charging-as-a-Service component. Ideanomics Energy will deploy DC fast charger, renewable energy generation, and storage at four Coast Counties Peterbilt dealerships in California. In addition, Ideanomics Energy's management software will ensure high utilization and cost optimization. This turnkey solution will be offered to Coast Counties Peterbilt at a pre-agreed monthly amount.
The deal is the first announced by Ideanomics Energy, a newly created energy division providing turnkey charging & energy solutions. It will further Ideanomics' holistic mission of being an A-to-Z full-service commercial electrification provider for fleets throughout their electrification journey.
As the one-stop charging and energy partner, Ideanomics Energy offers everything from agnostic energy management software with modular charging and energy solutions - including WAVE's high-power wireless charger - as well as a broad range of services from initial planning, engineering, and installation to operations and maintenance of the deployed energy assets. The new business division aligns with the existing Ideanomics Mobility and Ideanomics Capital divisions. Ideanomics Energy simplifies EV charging and energy strategies for fleets, providing software and hardware which grow with the customers' operations and electrification targets.
Ideanomics Energy was selected as the best partner for Coast Counties Peterbilt through GridMarket. GridMarket's AI-driven energy project platform leverages sophisticated energy modeling, digital simulation planning, and proprietary analytics to produce actionable energy insights. The platform identifies opportunities, optimizes project design, and runs a procurement process, soliciting competitive bids from a global network of top-tier technical and financial solution providers. GridMarket works with customers to select implementation partners who align unique fleet and operational needs, like Ideanomics Energy and Coast Counties Peterbilt.
"We were looking for the optimal mix of solutions with reliable ROIs, and we selected Ideanomics Energy as the clear best-fit implementation partner through the GridMarket marketplace," said Craig Archer, President of Coast Counties Peterbilt. "GridMarket enabled us to effectively consider all best-fit technologies and partners, and de-risked our expansion into offering electric vehicles. Ideanomics Energy demonstrated a successful track record of charging infrastructure installations, and we are thrilled to begin work with them."
"It is important to install reliable infrastructure that fits to the specific strategy and needs of individual fleet customers," said Jan Freimann, Vice President of Energy Services at Ideanomics. "We don't believe in one-size-fits-all. Instead, we deploy custom-tailored solutions to minimize costs, increase reliability, and limit uncertainty for customers like Coast Counties Peterbilt. Thanks to GridMarket, our team has the opportunity now to support Coast Counties Peterbilt's transition to electrification and a greener future."
For more information and news on Ideanomics and its operating companies, please visit https://ideanomics.com.
About Ideanomics
Ideanomics?(NASDAQ: IDEXIDEX)?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 the completeness of?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 Peterbilt
Coast Counties Peterbilt is a family-owned and operated full-service truck and trailer dealership founded in 1949 and headquartered in San Jose, California. We provide our customers throughout Northern & Central California with a full line of services including new and used truck & trailer sales, full maintenance leasing, truck rentals, parts sales, service for all makes of trucks & trailers, complete finance portfolio for new and used trucks & trailers, financing for major equipment purchases, such as engines, transmissions and diesel particulate filters. We also have a truck and trailer body shop with a 70' paint booth at our San Leandro location. Come visit one of our 6 Peterbilt, PacLease and Landoll full-service locations for all of your truck-related needs and thank you for your valued business.
About GridMarket
GridMarket is an energy project optimization platform and global marketplace leveraging big data and artificial intelligence to accelerate the global energy transition. Working with property portfolio, individual energy consumers, governments, and utilities around the world, GridMarket identifies and tailors best-fit energy projects, engages top-tier global solution providers, and mobilizes financial markets to help partners meet energy and net-zero carbon targets. GridMarket has a substantial global pipeline and portfolio of successful projects, spanning diverse customer types and geographic regions. GridMarket uses its platform to open up new markets and facilitate distributed energy deployment through automation, predictive analytics, remote digital capabilities, and dynamic stakeholder engagement tools.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
[email hidden - please find in source]
Malory Van Guilder, Skyya PR for Ideanomics
[email hidden - please find in source]
SOURCE Ideanomics
Ideanomics, Inc. (IDEX) SEC Filing 8-K Material Event for the period ending Friday, May 20, 2022
8-K Material Event Mon May 23 2022
https://last10k.com/sec-filings/idex/0001104659-22-063576.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=8K&utm_term=idex
Item 1.01 Entry into a Material Definitive Agreement.
Amendment No. 1 To Agreement and Plan of Merger
As previously reported, Ideanomics, Inc. (“Parent”), Longboard Merger Corp., Via Motors International, Inc. (the “Company”), and Shareholder Representative Services LLC solely in its capacity as Shareholders’ Representative have entered into that certain Agreement and Plan of Merger dated August 30, 2021 (the “Agreement”), pursuant to which Longboard Merger Corp will merge with and into the Company with the Company surviving the merger as a wholly-owned subsidiary of the Parent.
On May 20, 2022 (the “Effective Date”), the parties to the Agreement amended Section 1.1 of the Agreement and re-defined (i) the Note (as defined below) as the first priority Secured Convertible Promissory Note, issued by the Company to the order of the Parent, dated August 30, 2021 and as amended pursuant to a certain Note Amendment (as defined below) and (ii) the Note amount to mean US$44,818,111 dollars plus accrued but unpaid interest. As of the Effective Date, the Parent loaned an additional US$4.5 million to the Company, as further described below. This loan is secured by the assets of the Company and US$2.3 million will be a deduction to the purchase price. The parties have also agreed to amend the termination provision, as described below, to replace “March 31, 2022” with “June 15, 2022.”
Further, the parties to the Agreement amended Section 9.1(d) of the Agreement and deleted it in its entirety and replaced it with the following: “(d) by written notice by either the Company or Parent to the other, at any time after June 15, 2022 if the Closing shall not have occurred on or prior to such date; provided, that the right to terminate this Agreement under this Section 9.1(d) shall not be available to such party if the action or inaction of such party or any of its Affiliates has been a principal cause of or resulted in the failure of the Closing to occur on or before such date and such action or failure to act constitutes a breach of this Agreement.”
The foregoing descriptions of the amendments to the Agreement are qualified in their entirety by reference to the full text of Amendment No. 1 To Agreement and Plan of Merger, which is filed as Exhibit 10.1 to this Current Report on Form 8-K (this “8-K”).
Amendment No. 1 to the Secured Convertible Promissory Note
On the Effective Date, the Parent and the Company entered into Amendment No. 1 (the “Note Amendment”) to that certain Secured Convertible Promissory Note, dated August 30, 2021 (“Note”). Under the Note, the Company previously promised to repay the loan amount of $42,500,000.00 advanced by the Company. As of the Effective Date, the Company borrowed, and the Parent advanced, an additional amount of US$2,318,111 on the terms and conditions set forth in the Note.
The Note Amendment provides that the principal sum payable under the Note shall be US$44,818,111 and simple interest on (i) US$42,500,000 shall accrue from August 30, 2021 and (ii) US$2,318,111 shall accrue from the Effective Date, in each case, till the Maturity Date (as such term defined in the Note) at the rate of four percent (4%) per annum.
The foregoing descriptions of the Note Amendment are qualified in their entirety by reference to the full text of the Note Amendment, which is filed as Exhibit 10.2 to this 8-K.
May 2022 Secured Promissory Note
On the Effective Date, pursuant to the Secured Convertible Promissory Note entered into by the Company and the Parent (the “May 2022 Note”), the Company promised to pay to the Parent or any subsequent holder the principal sum of US$2,181,889. Simple interest on the outstanding principal thereof shall accrue from the Effective Date to the Maturity Date (as set forth below) at the rate of four percent (4%) per annum.
All principal and accrued but unpaid interest under the May 2022 Note will be due and payable as follows: (i) if the Company terminates the Agreement under Section 9.1(d) of thereof or if the Parent terminates the Agreement under Section 9.1(b) thereof, the May 2022 Note will be due and payable on the 6 month anniversary of the occurrence of such termination; or (ii) if the Agreement is terminated under Section 9.1(a), (c) or (d) thereof or for any other reason, the May 2022 Note will be due and payable on the 12 month anniversary of the occurrence of such termination.
The Company shall have the privilege, without penalty, of repaying all or any part of the May 2022 Note at any time. Any payments shall be applied first to unpaid interest accrual and then to outstanding principal.
The Company assigned and pledged to the Parent, and granted to the Parent a first priority security interest in all of the Company’s right, title and interest in and to the Collateral (as defined in the May 2022 Note), whether now owned or hereafter acquired by the Company, including all proceeds of any and all of the foregoing or hereinafter-described Collateral (including, without limitation, proceeds that constitute property of the types described therein) and, to the extent not otherwise included, all policies of insurance on any property of the Company and all payments and proceeds under any such insurance (whether or not the Parent is the loss payee thereof), or any indemnity warranty or guaranty payable by reason of loss or damage to or otherwise with respect to any of the foregoing Collateral; all cash; and all books of account and records, including all computer software relating thereto.
If any of the following events of default set forth in Section 5 of the May 2022 Note shall occur with respect to the Company, then any unpaid portion of the May 2022 Note shall automatically become due and payable in cash, without presentation, presentment, protest or demand or notice of any kind, all of which are hereby expressly waived by the Company, and the Parent may proceed to enforce payment in such a manner as it may elect.
Notwithstanding anything to the contrary contained in the May 2022 Note, all of the Obligations (as defined in the May 2022 Note) under the May 2022 Note shall be canceled upon the consummation of the Closing (as defined in the Agreement).
The foregoing descriptions of the May 2022 Note are qualified in their entirety by reference to the full text of the May 2022 Note, which is filed as Exhibit 10.3 to this 8-K.
$IDEX Electric Car Market to Reach $1.9 Trillion and 69.3 Million Units by 2028
https://www.globenewswire.com/news-release/2021/10/04/2308053/0/en/Electric-Car-Market-to-Reach-1-9-Trillion-and-69-3-Million-Units-by-2028-Market-Size-Share-Forecasts-Trends-Analysis-Report-with-COVID-19-Impact-by-Meticulous-Research.html
*IDEX has $315.37M in cash
Battery Bike Review - Ideanomics Buys Italian Electric Motorcycle Maker Energica, We Take ‘Em For A Spin In NYC
Solid financial backing may mean more and better bikes sooner than later
Bill Roberson
5/18/2022
https://www.advrider.com/ideanomics-buys-italian-electric-motorcycle-maker-energica-we-take-em-for-a-spin-in-nyc/
Italian EV maker Energica has been making electric motorcycles—slowly—for over a decade. A recent acquisition of the brand by ESG and EV investment concern Ideanomics may breathe new life into and expand the operations of the Modena-based maker of high-end, high-speed electric bikes.
Ideanomics recently invited ADVrider.com to New York City to meet the company principals, including Energica CEO Livia Cevolini and the Ideanomics team, and to take some of machines Energica offers for a ride around Manhattan.
Business news first: As noted, Ideanomics (IDEX) has purchased Energica for about $90 million USD via a purchase of the majority of shares of the company, and adds the bike maker to its EV-centric portfolio. The portfolio also includes VIA Motors (a Utah-based maker of electric fleet vans and trucks), another company that makes hydrogen-powered hybrids and even a maker of electric tractors. Other holdings focus on charging and other EV tech. Ideanomics leaders told ADVrider.com that the focus of the company is squarely on the electric mobility sector.
Energica and Ideanomics principals stand in front of the NASDAQ with the EVA Ribelle RS. Photo: Bill Roberson
The support of Ideanomics will mean expanded production of Energica’s three motorcycles, the $25,600 USD EGO sportbike, the $23,800 USD EVA Ribelle, a naked version of the EGO, and the $22,850 USD EVA EsseEsse9, a more urban-focused standard-style machine named for an entertaining road near where the bikes are made in Modena, Italy. Prices are for the base models: higher-powered “Plus” and “RS” versions along with numerous upgrade options are available at additional cost, naturally. At present, there are a dozen Energica dealers in the U.S. and more around the world. Ideanomics says that number will expand soon.
Ideanomics is also planning to expand Energica’s footprint with a new venture called Energica Inside, which will leverage Energica’s considerable experience with motor controllers and electric motor technologies to bring power to electric mobility devices made by other companies, likely on the lighter side of urban mobility—think scooters and such.
These are some seriously stout machines in terms of power. The most “basic” bike, the EsseEsse9, sports 109 horsepower and 133 pound-feet of torque. Those numbers equal or exceed offerings from Zero and Harley-Davidson’s LiveWire machines. The EGO and EVA Ribelle punch things up quite a bit: 145 hp and 148 nits of torque and a regulated 150 mph top speed. The EsseEsse9 tops out at 125mph. Again, more money buys more power, with the EGO and EVA rising to 171 hp peak horsepower and 159 bits of twist in top RS trims. Per the Energica website, the base models weigh 621 pounds, but spring for the RS version and lightweight materials drop it to 573 pounds. Wheelbase is just under 58 inches on each bike.
But How Are The Bikes To Ride?
Journalist Micah Toll from Electrek muscled in on the EVA Ribelle when we assembled at Fillipacci’s stylish showroom in Manhattan, so I started out on the EsseEsse9 while our ride leader piloted the EGO, which was decked out in a viva Italia “Tricolore” paint scheme. Keys in, 21.5kWh battery on, ride mode set to “Standard” (Eco, Wet and Sport are the other options) and regenerative braking at Medium, we set out to navigate Manhattan island’s byways. The initial start was … slow. It seems a lot of people live in New York City, and they all seemed to want to go where we were going. Lane splitting is not legal in New York, but we creatively picked our way through the gridlock by essentially hopping over the lane lines and slowly threading our way towards FDR Drive, and then headed east along the East River.
We got up to (high) speed as traffic thinned out on the 9A. Photo: Bill Roberson
Traffic changed from gridlock to a fast-paced game of Tetris and I popped the EsseEsse9 into Sport mode so I could “keep up” with my ride mates on their friskier mounts. I lollygagged for a short bit to create some space to roll on the power, and the EsseEsse9 shot forward on a huge wave of torque, building speed so quickly I nearly played tag with Toll’s rear tire. Thank goodness for the big Brembo 330mm dual discs and ABS! I immediately put the bike back into standard Urban mode and tried my best to behave.
Micah and I traded bikes at a stop before hopping on Highway 9A to head east back to Fillipacci’s showroom, and the additional pop and aggressiveness of the EVA Ribelle was immediately obvious. Even in standard ride mode, there was more of everything: power, torque and velocity. Heading down the 9A, traffic mercifully thinned out for a bit, and I put the EVA into Sport mode and hung back again to create some space. Rolling on the power, the EVA’s front end got light and the speedo briefly crested triple digits before I had to once again lean into the Brembos to avoid the traffic I was rapidly catching up to. Clearly it had much, much more to offer in terms of speed and acceleration.
The EsseEsse9 has higher bars and a more relaxed vibe, but still packs over 100hp and a ton of torque. Photo: Bill Roberson
Ride-wise, the EsseEsse9 feels planted and neutral, and has a bit more cush than the more sporting EGO and EVA. The bars also have a bit more rise, and not surprisingly, the EsseEsse9 was the more purely comfortable perch compared to the naked-bike EVA. We didn’t encounter much in the way of twisties on our route, but despite the 550-plus pounds, the bikes certainly seem game for testing the sides of tires. A decade ago, the initial Energica bikes were racing machines, and the track attitude remains intact in the EVA and likely the EGO. The EsseEsse9 is no slouch either, but fared better on the crowded city streets.
We exited the 9A and headed back to the bike shop through city traffic, and despite the enormous power on tap, the EVA was easy to ride at 10 mph and even 1 mph thanks to flawless throttle (rheostat?) behavior—which is adjustable, as are many of the operational aspects of the bikes. It was an impressive, if too short, demonstration of what Energica has to offer, and will hopefully build upon going forward.
As noted, I did not get any seat time aboard the EGO. Key differences I logged between the EsseEsse9 and the EVA include a more aggressive (but still quite comfortable) riding position, firmer suspension, and the big bump in horsepower and torque, of course. The EGO is different again: a more pure sportbike posture with clip-ons and rearset pegs, it should be a hoot at speed on proper roads. Wink wink: A much longer ride on all the bike models on more suitable roads is likely on tap for the near future. Stay tuned for a much more in-depth ride review this summer.
Tech Notes
I’ve ridden most all the models from U.S.-based Zero and I’ve long been hoping to land some quality time with other players including Energica, as well as the somewhat nebulous Lightning machines and the sadly defunct Mission bikes, so it was enlightening to finally see some different approaches and technologies at play. As of yet, I have not had a chance to ride a LiveWire model. While the Zero bikes drive the rear wheel right off the axle of the air-cooled motors, the Energica machines utilize a step gear to multiply torque output, and the motors are liquid cooled. On the boil, the bikes have a definite gear whir and are not “silent,” but also not annoying. you can hear them in action in the Energica video at the bottom of this article. Energica also runs a larger battery at 21.5kWh as standard, while Zero, until recently, maxed out at 14.4kWh with an option to add a second small battery for over 16kWh of capacity. New Zero models can be optioned to over 17kWh. Energica’s bikes typically weight in at about 575 pounds depending on model options.
Energica’s user interface is colorful and well laid out, allowing quick changes including while riding. Photo: Bill Roberson
Energica claims their new EMCE liquid-cooled motor and inverter system weighs 22 pounds less than previous versions, bumps up horsepower a bit and is also more efficient to boot, giving the bikes an urban range of over 260 miles, a mixed range of 153 miles and 123 miles of straight highway riding. Zero to 100kph (or 0-63mph) comes in 2.8 seconds, and RS versions of the EGO and EVA will knock .2 off that time due to even more aggressive motor programming. All of the bikes feature color LCD screens with handlebar controllers, and allow rider adjustment of engine braking/regen, ride mode tweaks, ABS, six levels of traction control and more. The bikes all connect to the Enegica app for even more monitoring and adjustability. They also all feature cruise control. The EGO model can also be had with an optional track/racing kit. Up until this year, Energica supplied the electric race bikes for the nascent MotoE racing program. Now, Ducati has taken over in that department.
Energica has an edge on charging as well, with each bike capable of accepting a flood of electrons from DC Fast Chargers (DCFC) as standard. Zero models can use Level II chargers, but not DCFC units. On our ride around Manhattan, we barely put a dent in the batteries’ storage, but we weren’t going very fast most of the time, either.
Conclusions
Despite our brief ride, it’s clear the Energica bikes are well-made, technically advanced and eye-watering fast, no matter the model. Good looking, too, although I find the rear shock placement a bit odd. A company spokesperson told ADVrider.com that Energica produced “hundreds” of bikes last year and over a thousand machines in total, so it’s not like the company is promising much and delivering vapor. The bikes are being made and delivered—slowly. Energica’s purchase by Ideanomics will hopefully get production going at a faster clip sooner than later, and both Energica principals and Ideanomics leaders say they are committed to developing the brand and to making Energica bikes the best electric motorcycles available to riders. With the company planning to diversify with the Energica Inside venture, some of the high-performance tech we got to sample could end up in some interesting new products from Energica or other brands.
For those of us wondering how these electric speed machines have any bearing on adventure riding, it’s not a stretch to imagine a lower-horsepower but torque-heavy adventure bike in Energica’s future. With a big 21.5kWh battery already on board, it has decent range, but charging the big battery off your cell phone portable charger is probably out of the question. Just as with Zero’s now departed Black Forest model, range is the critically limiting factor for any electric ADV.
Making worthy electric motorcycles isn’t easy, but after my short ride, I do feel positive about Energica’s future, especially with the financial backing of the new owners. Time will tell, of course, as nothing is assured during this time of transition from gas-powered bikes to electric, but in the long run, the transition to electric propulsion is likely inevitable. Given their power and performance capabilities at this early stage of development (in contrast to how long gas-powered bikes have had to evolve), it’s clear to me that the only way forward for electric motorcycles is that they will get faster, lighter, simpler, smarter, hopefully cheaper and eventually have the battery range and recharge capabilities that will put to rest the shortcomings of today’s models.
If it’s the sound and fury of internal combustion that keeps you in the saddle, I understand and empathize; I have a garage full of gassers myself. But if the ride is the thing, there’s really nothing quite like the Warp 10 experience a powerful electric motorcycle like the Energica bikes can provide. Check back in June for a more in-depth update.
Ideanomics at the 2022 ACT Expo
Posted May 16, 2022
We attended the 2022 Advanced Clean Transportation Expo in Long Beach, California to show off the wide array of exciting clean transportation products and services Ideanomics has to offer!
Ideanomics Institutional Ownership
https://fintel.io/so/us/idex
BlackRock Inc. reports 32.15% increase in ownership of IDEX / Ideanomics Inc
https://fintel.io/so/us/idex/blackrock
2022-05-12 - BlackRock Inc. has filed a 13F-HR form disclosing ownership of 31,083,905 shares of Ideanomics Inc (US:IDEX) with total holdings valued at $34,812,000 USD as of 2022-03-31. BlackRock Inc. had filed a previous 13F-HR on 2022-02-10 disclosing 23,521,490 shares of Ideanomics Inc at a value of $28,226,000 USD. This represents a change in shares of 32.15 percent and a change in value of 23.33 percent during the quarter.
New tweet from Ideanomics
Check out that skateboard tech! Riding with @VIAMotorsInc is always a treat—check out yesterday's footage from their Ride & Drive.#ACTexpo #commericalEV #EV #EVs @ACTexpo pic.twitter.com/uVEgx5igBZ
— Ideanomics Inc. (@ideanomicshq) May 12, 2022
WAVE Secures Follow-On Order from Twin Transit for Wireless Charging Systems
https://investors.ideanomics.com/2022-05-12-WAVE-Secures-Follow-On-Order-from-Twin-Transit-for-Wireless-Charging-Systems
Key Points
- Twin Transit's second order signals the advancement of WAVE's market-leading technology with the addition of two WAVE 250kW systems at the Mellen Street e-Transit Station.
- The WAVE systems will power the new Gillig battery-electric buses to begin service in 2023.
SALT LAKE CITY, May 12, 2022 /PRNewswire/ -- WAVE, Inc., a wholly-owned subsidiary of Ideanomics (NASDAQ: IDEX) and developer of high-power, wireless inductive charging solutions for medium- and heavy-duty commercial vehicles, today announced that the Twin Transit has placed a second order for two additional WAVE 250kW wireless charging systems. The follow-on order addresses the critical need to automatically extend the range of battery-electric buses to meet the range of legacy diesel vehicles. The two WAVE 250kW systems will be installed at the Mellen Street e-Transit Station and will power new Gillig battery-electric buses scheduled to arrive in 2023.
In June of 2021, Twin Transit completed the installation of a WAVE 250kW high-power wireless charging system at their Mellen Street e-Transit Station to power its first two battery-electric buses.
"In just a few short months of running the WAVE system, it became clear to us WAVE's wireless charging solution performed well beyond plug-in and overhead charging systems," said Twin Transit's Executive Director, Joe Clark. "In addition, the system proved to be easy for our drivers to operate, and maintenance was virtually non-existent. We're confident our extended partnership with WAVE will help us reach our zero-emission goals faster and easier."
"Twin Transit's Mellen Street e-Transit Station is a model of the future for electric bus transit hubs," said WAVE Chief Technology Officer, Mike Masquelier. "Clean, elegant, free of overhead and ground-based charging infrastructure, the station design is exactly what we envisioned when we set out to solve the problem of extending the range of electric buses to match that of diesel.
Repeat orders from experienced customers substantiate the inevitable future of wireless charging. With many other charging choices on the market, Twin Transit's new order exemplifies the growing interest from transit agencies to power their clean fleet transition with WAVE.
"We could not be happier to expand our charging technology at Mellon Street," said WAVE CEO Aaron Gillmore. "Twin Transit's continued confidence in WAVE speaks volumes about the readiness of wireless charging to solve even the most difficult transit electrification challenges."
About WAVE, Inc.
With a global-leading number of high-power, rigorously proven inductive charging systems deployed, WAVE enables commercial fleet operators with a faster, easier way to extend the range of medium- and heavy-duty electric vehicles. Founded in 2011, with systems ranging from 125kW to 500kW, WAVE makes tomorrow's EV charging technology available today. Learn more at www.waveipt.com.
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 the 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.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
ir@ideanomics.com
Allison Matthews, Skyya PR for Ideanomics
allison@skyya.com
SOURCE WAVE, Inc.
US Hybrid Announces Near-Zero-Emission Natural Gas-Powered Parallel Hybrid Powertrain Technology for Drayage and Long-haul Trucks
May 10 2022, PR Newswire (US)
https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/88058854/us-hybrid-announces-near-zero-emission-natural-gas
Key Points
- US Hybrid will host a press conference on today's news at the Advanced Clean Transportation (ACT) Expo in Long Beach, Calif., at 2:15 p.m. PT in Ideanomics booth #1648
- Today's announcement marks a new milestone for compressed natural gas (CNG) vehicle conversion and integration, which will enable industry-first vehicle-to-vehicle (V2V) charging.
- The new technology has gone through six years of research, development, and rigorous testing. It delivers more power, increased range, and a more efficient powertrain than diesel-powered engines and other compressed natural gas (CNG) alternatives.
LONG BEACH, Calif., May 10, 2022 /PRNewswire/ -- US Hybrid, a wholly-owned subsidiary of Ideanomics (NASDAQ: IDEX) and a leader in advanced battery, fuel cell, and hybrid electric vehicles, today announced the launch of near-zero-emission natural gas-powered parallel hybrid powertrain technology to be used for drayage and long-haul trucks. The new technology is currently on display at the ACT Expo in Long Beach, Calif., in Ideanomics' booth #1648. In conjunction with today's announcement, US Hybrid will host a press conference at ACT Expo at 2:15 p.m. PT.
Product Overview
After six years of research, development, and rigorous testing, US Hybrid's new vehicle-agnostic technology will deliver more power, increased range, and a more efficient powertrain than diesel-powered engines or other CNG or renewable natural gas (RNG) alternatives. The technological advantages include:
- More Power: 640 hp combined power and 1770 lb-ft maximum torque from the natural gas-powered engine. The electric motor enables uphill acceleration with superior performance compared to its diesel engine alternatives.
- Less Fuel: A smaller 8.9 liters Near-Zero NOx engine will operate more efficiently, resulting in double fuel economy than a standard 15-liter engine and reducing fueling costs.
- Better Range: Preliminary testing suggests this fuel-efficient technology can deliver up to 1,000 miles of range per fuel fill, doubling range, power, and torque for similar CNG/RNG trucks.
- Increased Efficiency: The improvement in CNG engine performance paralleled with the electric motor, with appropriate controls, for transient load uptake results in lower NOx emissions and lower fuel consumption
- Near-Zero-Emission: Our technology emits lower than 0.02 g/bhp-hr of nitrogen dioxide and will significantly improve the air quality of neighborhoods near ports and warehouses.
- Zero-Emission Port and Harbor Transportation Operations: Our technology delivers a lower HSE (Health, Safety, and Environmental) impact on port operations and the surrounding communities.
This industry-first, advanced technology will add near-zero-emission road-side charging assistance to standard long-haul fleet operators, offering versatility and convenience to fleet customers.
"We have reached another milestone on our path to accelerate the transition to commercial electrification," said Macy Neshati, Interim CEO of US Hybrid. "US Hybrid spends years perfecting our technology before it is brought to market. Our pathway to commercialization delivers a proven solution backed by data. Fleet customers can feel confident in the performance and reliability of US Hybrid's new powertrain. Attendees at the ACT Expo will see firsthand, end-user benefits: increased vehicle range, less fuel requirements, and the reduced total cost of ownership."
"The ACT Expo is the largest clean fleet event in North America, and Ideanomics' operating companies are showcasing what we bring to the table from Solectrac's electric tractors to WAVE's inductive charging pads," said Robin Mackie, president of mobility at Ideanomics. "US Hybrid is integral in our work to accelerate the transition to electrification. The new near-zero-emission powertrain paired with industry-first V2V charging and support from Ideanomics' capital-as-a-service offerings greatly simplify the path to electrification for fleet owners."
US Hybrid is showcasing its new and existing technology in the Ideanomics booth at ACT Expo today through May 12 in Long Beach, Calif. Additional Ideanomics operating companies, including WAVE and Solectrac, also have products on display in booth #1648. Leadership from all companies is available for meetings by request by emailing idea@skyya.com.
For more information and news on Ideanomics and its operating companies and other investments, please visit https://ideanomics.com.
About US Hybrid
US Hybrid specializes in designing and manufacturing zero-emission electric powertrain components, including traction motors, controllers, auxiliary drives, energy storage and fuel cell engines for electric, hybrid, and fuel cell medium and heavy-duty municipality vehicles, commercial trucks, buses, and specialty vehicles throughout the world. To learn more about US Hybrid, please visit https://ushybrid.com/.
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 the completeness of?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
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
ir@ideanomics.com
Malory Van Guilder, Skyya PR for Ideanomics
malory@skyya.com
Hele-On to operate state’s first hydrogen bus
By West Hawaii Today Staff | Saturday, May 7, 2022
https://www.westhawaiitoday.com/2022/05/07/hawaii-news/hele-on-to-operate-states-first-hydrogen-bus/amp/
The Hawaii County Mass Transit Agency, in partnership with the Hawaii Natural Energy Institute and U.S. Hybrid, has taken delivery of its first hydrogen fuel-cell-powered bus, which is intended for operation on Routes 202, 203 and 204 in Kailua-Kona later this spring.
The Hele-On bus is expected to travel approximately 100 miles a day and rotate between the three Kailua-Kona routes, according to a county press release. The vehicle, which the county says is the state’s first hydrogen bus, was delivered March 23 and is being prepared for service.
“We are excited to put our vision into practice in terms of sustainable action on our island,” Mayor Mitch Roth said in a press release. “Shifting our entire county fleet to alternative fuel and electric vehicles is a priority for us, as we continue to push those in our community to consider alternative modes of transportation in a broader effort to curb greenhouse gas emissions and create a more sustainable future for our keiki.”
In 2019, the County Council accepted the 21-passenger 2014 El Dorado Aero Elite as a donation from HNEI. Originally purchased as a gasoline-powered vehicle, it was converted by U.S. Hybrid to hydrogen with a new state-of-the-art 40 kilowatt U.S. Hybrid fuel cell as its proprietary electric drive system.
The County Council is also awaiting delivery of two 19-passenger 2012 El Dorado Aero Elite buses converted for hydrogen fuel-cell power that the Hawaii Volcanoes National Park donated to the county.
The first bus will be operated and maintained by Roberts Hawaii until the base yard in Kailua-Kona is completed (tentatively scheduled for 2025). Then, maintenance will be transitioned to the MTA. Until this transition is completed, the bus will be maintained and fueled at the state-of-the-art hydrogen station built and operated by HNEI at the Natural Energy Laboratory Hawaii Authority (NELHA) and commissioned last year.
The station’s 65-kilogram per day hydrogen production can fuel all three buses. Funding for the station came from various sources, including the Office of Naval Research, the State of Hawaii, and NELHA. The bus was purchased by HNEI using funds from the Energy Systems Development Special Fund, the U.S. Department of Energy, and the Office of Naval Research.
The remaining two 2012 El Dorado Aero Elite buses will be delivered later this year. The upgrades to the two remaining buses are funded from the General Excise Tax.
“Hele-On is excited to be at the cutting-edge and pioneering new fuel technology to reduce our carbon footprint and provide quality service to Hawaii County residents and visitors,” said John Andoh, mass transit administrator. “This hydrogen bus pilot will set the framework for the MTA to consider hydrogen buses that can operate across the island in the future once a hydrogen station in Hilo is constructed.”
Additional program elements include workforce and first responders training on how to operate and maintain a hydrogen bus. HNEI and U.S. Hybrid are providing this training.
In 2017 the four county mayors committed to transitioning the public transit fleets to zero emissions by 2035. As a result, in November 2020, MTA, in partnership with Roberts Hawaii, initiated the operation of a battery-electric bus in Hilo as a first step in MTA’s long-term plans to convert the entire fleet to zero-emission technology. The move to electric and hydrogen-powered vehicles is part of MTA’s plan to convert the Hele-On fleet to 100% zero-emission technology by 2035.
A ribbon-cutting ceremony is planned for May at Kona Commons to coincide with the hydrogen bus being put into formal service. More details will be available in the near future.
“This project, part of HNEI’s hydrogen infrastructure program, supports the introduction of zero-emissions buses for public transportation and will provide valuable information to the public transportation agencies allowing them to make more informed decisions as they transition from their legacy diesel fleets to newer vehicle technology,” Rick Rocheleau, HNEI director, said. “This project is also an important component of HNE’s mandate to help Hawaii reduce its dependence on fossil fuels.”
What IDEX needs to do to hopefully improve the pps is get SEC compliant and file earning. When a company is this far behind on earnings it scares the sh$$$$t out of investors. What is next a reorganization or R/S nether good for investors. IDEX management needs to get their act together or possible we need new managers.
Tweet from Solectract electric tractor dealer Chris Mundy retweeted by Karl Wolf "The new Solectrac e25 Tractor is selling like hot cakes."
$IDEX The new @Solectrac e25 Tractors is selling like hot cakes. By the way, the North America tractor market stood at over $ 12 billion in 2017 and is projected to surpass $ 20 billion by 2023 @ideanomicshq 🌎⚡️🔋 pic.twitter.com/xRn7NdQeEb
— KarlWolf (@KARLW0LF) May 4, 2022
There’s no excuse for not filling financial reports
I can remember playing around with this at 7/share! Not that long ago!
unfortunately, management of IDEX sucks and the pps keeps going lower until they get relisted and compliant with SEC reporting rules.
They have not filed 4th quarter 2021
They have not filed 2021 annual report
They have not filed 1st quarter 2022
IDEX will continue trading low volume as not being SEC compliant restricts most funds from trading. My concern now is a R/S
We may need a new BOD and management as current management has greatly destroyed the shareholder value.
White House announces $3 billion plan for electric vehicle battery production
https://www.stltoday.com/news/national/white-house-announces-3-billion-plan-for-electric-vehicle-battery-production/video_cb09d52d-4aad-5289-a72c-5d5f4420af07.html
Democrats push $25 billion for electric school buses, a Biden priority
https://pbs.org/newshour/education/democrats-push-25-billion-for-electric-school-buses-a-biden-priority $IDEX
Electric vehicle experience opening in Harrison | NJ Business Beat
May 1, 2022
NJ Spotlight News
Electric vehicles are growing in popularity across the country and New Jersey wants to lead the way in EV adoption on the east coast. Ideanomics is opening a state-of-the-art EV experience center and manufacturing facility in Harrison. Rhonda Schaffler sits down with Robin Mackie, president of mobility at Ideanomics, to discuss why they decided to build in New Jersey and how the state can lead the nation in electric vehicles on the road.
Energica CEO Livia Cevolini Talks Acquisition, Expansion, & Hot New Electric Motorcycles
ByScott CooneyPublished1 day ago
https://cleantechnica.com/2022/04/28/energica-ceo-livia-cevolini-talks-acquisition-expansion-superhawt-electric-motorcycles/
Recently, I sat down with Livia Cevolini, CEO of Energica Motor Company, one of the leading electric motorcycle manufacturers globally. This was part of a press trip to cover the acquisition of Energica by Ideanomics, where I joined the execs from both companies at the Nasdaq for the announcement, investor preso, and a ridiculously fun ride around New York City on the insanely sick Esse Esse 9, Energica’s cruiser bike.
I asked Cevolini to discuss the Ideanomics acquisition. On the surface it looks a little chaotic — Ideanomics has acquired everything from micromobility startups to electric tractors to wireless charging to, now, electric racing motorcycles. But Cevolini explained it, saying “Ideanomics is the perfect group for us.” Ideanomics is doing the same type of thing (infusing capital into EV startups) with other companies, so she points out the synergies are helpful to the entire ecosystem.
According to Cevolini, Energica has a big advantage compared to the rest of the industry. She indicated that when they started 12 years ago, no one was doing what they were doing. So they had to build everything from scratch, and she said they made a lot of mistakes, which they can now advise the other EV startups in the Ideanomics ecosystem to not make those mistakes. She said they want to do this with all the companies inside the group, as well as companies outside the group.
“The whole industry has to grow as fast as possible,” she said.
Her analogy to a book is helpful in understanding how the Energica acquisition will help the other EV players in and out of the Ideanomics ecosystem. The story is not unlike how Tesla leapfrogged the rest of the automotive industry, but it has an added twist. Energica created a high end racing motorcycle in Italy’s motor valley…it is probably one of the most difficult undertakings in engineering to brush elbows with Ducati, Lamborgini, and others in that area of Italy, and to create an EV that performs at that level while being top quality, fast AF, top-level handling, and, of course, gorgeous. The resulting blueprint for the bikes, including the vehicle control units, contains more lines of code than the space shuttle. She uses this analogy to explain that chapters from that book could be replicated and tweaked to help e-scooters, electric tractors, etc., to simply perform better.
Cevolini goes on to talk about how the Ideanomics investment will help facilitate Energica’s expansion, plans for further products, the bikes, and the reason she believes Energica will beat the bejeesus out of Harley Davidson’s electric motorcycle offerings (my words, definitely not hers!).
Throughout the conversation, I was simply floored by Cevolini’s humility — as a woman who has blown the top off the glass ceiling in one of the most male-dominated industries in the world, she is easily one of the most accomplished and influential CEOs in the clean tech universe. Yet she maintains a sense of the greater good in a way that defers the glory that she rightfully deserves. Listen in!
Dollarmac, there is language in the Infrastructure Bill passed last November which includes wireless charging (as shown in the following excerpt). https://www.congress.gov/bill/117th-congress/house-bill/3684/text
$IDEX The current consensus among 2 polled investment analysts is to buy stock in Ideanomics Inc.
$$$$
Ameratrade just sent notice that IDEX plans to release earnings May 2
Ameratrade just sent notice that IDEX plans to release earnings May 2
$IDEX Loading Zone Electric Trucks
If i remember right Wave charging was not part of that deal.
That would be a problem if this was a company that focused exclusively in the US. It is a global company and other governments are serious about controlling emissions.
Biden’s 500,000 EV charging stations get a $5 billion start https://grist.org/transportation/bidens-500000-ev-charging-stations-get-a-5-billion-start/ $IDEX
Electric Motorcycles As The Tip Of The Iceberg, With Ideanomics CEO Alf Poor
By Scott Cooney
Published 3 hours ago?
Link to article
Recently, I sat down with Alf Poor, CEO of Ideanomics, one of the leading electric vehicle industry players globally. This was part of a press trip to cover the acquisition of Energica by Ideanomics, where I joined the execs from both companies at the Nasdaq for the announcement, investor preso, and a ridiculously fun ride around New York City on the insanely sick Esse Esse 9, Energica’s cruiser bike.
Ideanomics is a fascinating company. The company was active in China for many years, and initially had tried to leverage the big reputable OEMs in China and bring their tech to the west. Poor pointed out the geopolitical challenges inherent in that process, and explained that the company has turned its focus elsewhere as a result. But the focus on the tech behind the electric vehicle revolution is the same. Poor has guided the company for the last 3+ years as CEO, following a time that the company seemingly floundered through some changes (names, CEOs, etc.).
Poor indicated that Ideanomics invests in EV startups as long as they check four boxes:
- differentiated tech
- revenue
- referenceable customers
- a pipeline that Ideanomics’ capital can help unlock
Comparing Energica to a traditional Italian thoroughbred, Poor indicated that the acquisition brings some technology that was built from the ground up, where Energica owns all of its own tech. Energica had to, he said, because there was nothing else like it when they started. Energica’s tech is so good, he said, “We almost feel obliged to bring it out to the industry.”
“This is a different world than internal combustion engines,” he said. “From new to market to incumbent OEMs, everyone is looking for technology and solutions.” Rather than a jigsaw of parts being put together by other EV startups, Ideanomics owns the full stack, and can potentially thus save a lot of other EV players advance much faster and with higher quality. They refer to it as Energica Inside.
In other words, the motorcycle is the tip of the iceberg.
Link to Alf Poor interview https://soundcloud.com/zachary-shahan/innovation-ideanomics-acquisition-of-energica-electric-motor-co
Wake up !!!! This company will fall to the point of despair. they will take this to chapter11.....or cut dead weight.....then ask for gov help $$$$ . If the price drops low enough , Idex will be sold off / consumed by the industry. So much for the Green Dream. Without part2 of the infrastructure bill being passed . cities and states wont buy into this. I dont see them reducing company size in any way........I think they let the price drop ,get bought out and walk away with the cash.
MotoE and Energica to kick 2022 season off
27 April 2022
https://www.energicamotor.com/en/news/the-motoe-racing-season-is-about-to-begin-at-jerez-de-la-frontera/
The stage is set for the season opener of the 2022 FIM Enel MotoE World Cup, which marks the fourth and final edition of the series with Energica as the single manufacturer. From Friday, the riders entering the series will be back aboard their Energica Ego Corsa machines at the ‘Circuito de Jerez’ in southern Spain, the same venue that hosted the two, three-day test sessions earlier this month and back in March.
This 2022 championship will be different in many ways, starting with qualifying which now sees MotoGP-style Q1 and Q2 sessions, which will be very useful for the riders as they will enjoy an extended number of laps compared to the previous single-lap E-Pole format.
But that is not all. Each of the seven events will host two individual races, which will add to the complexity of the battle for the title. With twice as many points available per weekend, it will be likely that the riders will use a less-conservative approach to the encounters – and therefore add a further level of excitement to an already thrilling series.
As previously noted, the Energica Ego Corsa machines will sport new technical updates this season, which include a brand new motor and inverter that make the ‘Made in Modena’ all-electric race bike around 15kg lighter. This makes for better manoeuvrability on corner entry and while changing direction.
All of last year’s top riders are back in action, with some welcome returns and new arrivals to bring their A-game and battle for honours. Reigning and two-time World Cup Champion Jordi Torres (Pons Racing 40) will have to fend off the attacks coming from previous title contenders and multiple race winners Eric Granado (LCR E-Team), Dominique Aegerter (Dynavolt IntactGP) and 2019 title winner Matteo Ferrari (Gresini Racing Team), with the last mentioned showing great speed after struggling to get up to speed early last year.
Plenty of other stars are looking to make a further leap and contend for the ultimate prize, including sophomore riders Miquél Pons (LCR E-Team), Hikari Okubo (Avant Ajo MotoE), multiple podium finisher Mattia Casadei – who joins Torres in the Pons Racing 40 team after three editions spent with team Ongetta Sic58 Squadracorse – and the Italian team’s new recruit Kevin Zannoni. Maria Herrera (OpenBank Aspar Team) will also line up for her fourth season in the series.
Returning riders Niccolò Canepa (WithU GRT RNF MotoE Team) and Hector Garzó (Tech 3 E-Racing) are also eager to show their talent, while Canepa’s team-mate Bradley Smith will have to sit out the opening round after his big crash at the Le Mans 24H Race. Former MotoE star Lukas Tulovic will step in for the injured Brit.
Among the rookies, one to keep eye on is surely the former WorldSBK star Xavi Forés, who rides for the OCTO Pramac Racing Team.
MotoE (full schedule) action will get underway this Friday at 8:25 (GMT +2) for Free Practice 1, with Qualifying 1 scheduled from 16:50 the same day. Race one will take place on Saturday at 16:25, while the second encounter will wrap up the weekend on Sunday from 15:30.
Follow up on my previous post.
GINN - Goldman Sachs Innovate Equity ETF reports 37.53% increase in ownership of IDEX / Ideanomics Inc
https://fintel.io/so/us/idex/goldman-sachs-etf-trust-goldman-sachs-innovate-equity-etf
GINN - Goldman Sachs Innovate Equity ETF reports 37.53% increase in ownership of IDEX / Ideanomics Inc
Solectrac Continues to Advance Fully Electric, Zero-Emissions Tractor Sales with New Dealer Retail Partnership in the Southeast
April 26 2022 - 08:00AM
PR Newswire (US)
https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/87908901/solectrac-continues-to-advance-fully-electric-zer
SANTA ROSA, Calif., April 26, 2022 /PRNewswire/ -- Solectrac, makers of all-electric tractors and an operating company of Ideanomics (NASDAQ: IDEX), announces the continued expansion of its certified sales and dealer partnership network with the addition of Columbiana Tractor, LLC., located in Westover, Alabama. This announcement marks the first certified retail location in the southeastern region for Solectrac. With this new dealer partnership, Solectrac and Columbiana Tractor will deliver sustainable, electric tractor solutions to serve the region's agricultural customers, hobby farmers, rural lifestylers and first-time tractor buyers. With Columbiana Tractor's end-to-end sales, financing, and service options, customers will be able to reduce their total cost of ownership without sacrificing safety, performance and reliability. Over the next few months, Columbiana Tractors will offer Solectrac's full lineup of electric tractors, starting with the e25 compact electric tractor and later the award-winning e70N, a powerful, narrow electric tractor purposely built for vineyards and commercial farms, variants and other products.
With the global electric farm tractor market expected to exceed $218M by 2026, this new announcement supports Solectrac's national strategy to bring the benefits of zero-emission tractors with low maintenance charge options directly to the buyer via trusted dealerships located within their region. From hobby farms to utility applications, Solectrac's award-winning tractors allow farmers to power their tractors by using clean, renewable energy sources with the same productivity and performance as tractors using traditional fuels.
"Solectrac's award-winning all-electric tractors continue to see increased demand across a range of agricultural and farm applications," said Mani Iyer, CEO of Solectrac. "We are excited to have Columbiana Tractor as a valuable partner as we continue to build our dealership network across the United States. The importance of the southeast region as a customer base and the trusted sales and service of Columbiana Tractors made Columbiana a natural fit for our next dealer location. As Solectrac continues to grow and scale, we look forward to making electric tractors a sustainable option and the tractor option of choice for the agriculture and farm industry. By expanding our dealer network, our goal is to significantly increase our sales in 2022."
Founded in 2017, by managing partners Chris Mundy and Jeff Adams, Columbiana Tractor's core business philosophy is built around investing in the customer. The company provides sales, finance experts, service technicians, and knowledgeable parts and accessories staff to provide superior customer service and support to the region.
"Columbiana Tractor is committed to offering the most innovative equipment solutions for our customer base here in the greater Alabama area," said Chris Mundy, managing partner and founder of Columbiana Tractor, LLC. "With our recent expansion into a new facility, we prioritized reaching out to Solectrac as part of our next phase of sustainable farming and agricultural solutions for the region. The capabilities of performance of these electric tractors provide real value for efficient operations."
Columbiana Tractor is now taking pre-orders for Solectrac e25 tractors.
Solectrac tractors are assembled in Windsor, Calif. and the company is B Corp Certified. For more information and news on Solectrac, please visit www.solectrac.com.
About Solectrac
Solectrac, Inc., located in Northern California, has developed 100% battery-powered, all-electric tractors for agriculture and utility operations. Solectrac tractors provide an opportunity for farmers worldwide to power their tractors by using the sun, wind, and other clean, renewable sources of energy. The company's mission is to offer farmers independence from the pollution, infrastructure, and price volatility of fossil fuels.
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 the 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.
Manchin meets with bipartisan group on climate change
BY RACHEL FRAZIN - 04/25/22 8:27 PM ET
https://thehill.com/policy/energy-environment/3463163-manchin-meets-with-bipartisan-group-on-climate-change/
Sen. Joe Manchin (D-W.Va.), the Senate’s key swing vote, met with lawmakers from across the ideological spectrum Monday evening as part of a new push for bipartisan climate change legislation.
Manchin spokesperson Sam Runyon told The Hill via email that the meeting was “an effort to gauge bipartisan interest in a path forward that addressed our nation’s climate and energy security needs head on.”
The meeting was first reported by NBC News, which said that Manchin and Sen. Lisa Murkowski (R-Alaska) organized the meeting.
Murkowski spokesperson Hannah Ray described the meeting as “a high-level discussion on energy and climate” in an email to The Hill.
A source familiar confirmed to The Hill that the other attendees were Rep. Ro Khanna (D-Calif) and Sens. Kevin Cramer (R-N.D.), Brian Schatz (D-Hawaii), Tom Carper (D-Del.), Mark Warner (D-Va.), Mark Kelly (D-Ariz.) and John Hickenlooper (D-Colo.)
The source said that there have been additional Republicans involved.
The meeting comes after Manchin in December effectively killed a massive bill that would have advanced the Biden administration’s climate and social spending agenda by announcing that he would not support it.
In the months since, he has expressed support for some of that legislation’s climate provisions, particularly its clean energy tax credits.
Democrats have been expected to try to negotiate a slimmed-down bill that advances their agenda through a process called budget reconciliation that requires only 50 votes to pass.
A source told The Hill that the latest meeting doesn’t mean Manchin won’t also support a reconciliation measure and that the matters are separate.
Updated at 9:19 p.m.
There’s very little about this stock that makes sense!
$IDEX Ideanomics, Inc. focuses on driving the adoption of commercial electric vehicles, associated energy consumption, and developing financial services and fintech products. Its Ideanomics Mobility division facilitates the adoption of electric vehicles by commercial fleet operators. This division also offers solutions for the procurement, financing, charging, and energy management needs for fleet operators of commercial electric vehicles. The company's Ideanomics Capital division provides fintech services, which focuses on the enhancement of efficiency, transparency, and profitability for the financial services industry. Ideanomics, Inc. was incorporated in 2004 and is headquartered in New York, New York.
TD Ameratrade shows IDEX will post 4th quarter earnings on April 25th next Monday at 8 AM One main reason IDEX is trading low is because they are later in their reporting. Hope this report will help turn things north above $1.
Ideanomics is on a mission to create an EV future for everyone
Posted Apr 22, 2022
Ideanomics
Here at Ideanomics, we’re on a mission to accelerate the commercial adoption of electric vehicles.
By bringing together cutting-edge companies to provide state-of-the-art charging technology, electric vehicles, and innovative financial products that will allow commercial fleets to commit to an EV future.
Headquartered in New York City, with a global team of dedicated individuals, we can react quickly to tackle challenges worldwide.
With our focus on sustainability, innovation, and community, Ideanomics is committed to electrifying commercial fleets and building a future for everyone!
Why L.A. Compost purchased the e25 electric tractor
Posted Mar 30, 2022
Solectrac Electric Tractors
L.A. Compost is a non-profit based in Griffith Park in Los Angeles, focusing on expanding public access to composting across the city. As L.A. Compost expanded, they needed to increase productivity and capacity beyond what wheelbarrows and shovels could accomplish.
Founder Michael Martinez explains why he decided to invest in a new Solectrac e25 electric tractor to help the organization continue to grow sustainably.
VIDEO: Here’s How Fast The Energica Ego Electric Bike Is In A Straight Line
A detailed analysis of how it stacks up against modern-day ICE sportbikes
by Punya Sharma, on April 21, 2022
https://www.topspeed.com/motorcycles/motorcycle-news/video-here-s-how-fast-the-energica-ego-electric-bike-is-in-a-straight-line-ar195723.html
The Energica Ego electric sportbike claims to have some staggering performance numbers, capable of putting many ICE sportbikes to shame.
The question however is, what this corresponds to in the real world, more importantly in a straight line. Wondering the same thing? Lucky for you, that’s exactly what i’m answering here.
2021 ENERGICA EGO ACCELERATION & QUARTER-MILE TIME
The no non-sense video posted by ShockerZ EV World includes a simple quarter-mile pass aboard an Energica Ego electric sportbike.
As the lights go out, the rider catapults off the line, thanks to an instant torque surge with barely any drama. In just a few seconds, the bike breaches the 100mph mark and keeps on accelerating till the line, covering the quarter-mile in an impressive 10.55 seconds at a speed of 135mph.
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PUBLICATION NOTICE
TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED THE PUBLICLY TRADED COMMON STOCK OF IDEANOMICS, INC. ("IDEANOMICS") (NASDAQ: IDEX, WCST, SSC) LISTED ON THE NASDAQ OR DOMESTICALLY IN THE UNITED STATES BETWEEN FEBRUARY 1, 2017 AND NOVEMBER 13, 2018 AND WERE DAMAGED THEREBY ("CLASS").
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of New York, that Lead Plaintiff Jaysukh Rudani ("Lead Plaintiff"), on behalf of himself and each member of the Class, and defendants Ideanomics, Zheng Wu a/k/a Bruno Wu, Bing Yang, and Robert Benya, have reached a proposed settlement of the above-captioned action ("Action") in the amount of $5,000,000 that, if approved, will resolve the Action in its entirety (the "Settlement").
A hearing will be held on January 25, 2022 at 10:00 a.m./p.m., at the Daniel Patrick Moynihan United States Courthouse, 500 Pearl Street, New York, NY 10007 in Courtroom 11A for the purpose of determining: (1) whether the proposed Settlement as set forth in the Stipulation of Settlement dated July 30, 2021 ("Stipulation") of the Action is fair, reasonable, and adequate; (2) whether a Judgment should be entered by the Court dismissing the Action with prejudice; (3) whether the Plan of Allocation for distribution of the settlement funds available for distribution is fair, reasonable, and adequate and should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees in the amount of 33.33% of the Settlement Fund, and reimbursement of Lead Counsel's expenses up to $40,000, should be approved."
IA is looking at gobbling the biggest piece of the IDEX Pie!...
IA committed to buy, From time to time IA will be adding a whopping $150Million dollar worth of IDEX!.
Already bought:
IA II PN Ltd just bought 12.5M Shares @$2.213 and few days earlier same IA II PN Ltd bought another 13.3M shares @$2.613 together 25.83M shares for total Sales of $35M
Here is the News Link: https://www.otcmarkets.com/filing/html?id=14532953&guid=zWUqUnO0tQNjb3h
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