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Ideanomics achieves breakthrough milestone for 500kW ultra-fast charging
Sept. 21, 2022
https://investors.ideanomics.com/2022-09-21-Ideanomics-achieves-breakthrough-milestone-for-500kW-ultra-fast-charging
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."?
IDEX-WAVE-Port-Hero-Disclaimer
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.??
Big change for big rigs: California unveils mandate to phase out diesel trucks
BY NADIA LOPEZ, SEPTEMBER 15, 2022
https://calmatters.org/environment/2022/09/california-phase-out-diesel-trucks-zero-emission/
Shipments of cargo leave the Port of Oakland on July 25, 2022. Photo by Martin do Nascimento, CalMatters
IN SUMMARY
In another worldwide first, California would require new trucks to be zero-emissions in 2040. Large companies would gradually convert fleets. Truckers worry about the costs and practicality of electric trucks.
New big rigs and other trucks will have to be zero-emissions in 2040 — ending their decades-long reliance on high-polluting diesel — under a proposed regulation unveiled by the California Air Resources Board.
Under the proposal, manufacturers couldn’t sell new medium-duty and heavy-duty trucks fueled by diesel or gasoline that operate in California, instead turning to electric models. In addition, large trucking companies would have to gradually convert their existing fleets to zero-emission vehicles, buying more over time until all are zero emissions by 2042.
In another worldwide first, California aims to amp up its efforts to end the use of fossil fuels by setting requirements for clean-burning big rigs, garbage trucks, delivery trucks and other large trucks. Transportation is California’s largest contributor to climate-warming greenhouse gases as well as smog and other air pollutants.
Chris Shimoda, a senior vice president at the California Trucking Association, which represents truck drivers, said zero-emission truck technology has great possibilities, but truckers worry about “the practical unknowns,” such as the high cost of the trucks, a lack of charging stations and the limited range of the vehicles.
“We’re flying blind into some pretty major questions about the practicality of actually implementing this rule,” Shimoda said.
The air board did not include cost estimates for trucking companies and truck drivers in its proposal, only saying that their upfront costs would be high but they’d save money over time.
About 1.8 million heavy-duty trucks on California’s roads would be affected by the regulation, according to the report.
The proposed rule could put about 510,000 carbon- free medium and heavy-duty vehicles on California’s roads in 2035, increasing to 1.2 million in 2045 and nearly 1.6 million in 2050, according to the air board. Currently there are only 1,943 zero emission medium and heavy duty vehicles on the state’s roads, and nearly all of them are buses.
The new truck mandate is “really a critical piece of the state’s climate and clean air objectives,” said Patricio Portillo, a clean transportation advocate at the Natural Resources Defense Council. “A common sight on California’s highways are trucks clogging lanes, blowing thick smoke into the sky while overheated trucks rest at the side. It’s so normal that we stop thinking about it, but that exhaust permeating the air harms our lungs and bodies.”
The air board will hold a public hearing on the proposal on Oct. 27, after a 45-day public comment period. It comes just a few weeks after the air board passed another far-reaching mandate that bans sales of gas-powered cars by 2035.
California has been ratcheting down emissions from diesel-powered trucks and buses for decades in an effort to combat the state’s severe air pollution. The new proposal builds on a clean trucks regulation passed in 2020, which gradually increases the number of zero-emission trucks that manufacturers must sell, starting in 2024.
The provisions requiring turnover of existing fleets would apply only to federal agencies and so-called “high-priority fleets,” which are owned or operated by companies with 50 or more trucks or $50 million or more in annual revenue. Included are trucks weighing 10,001 pounds or more and package delivery vehicles of 8,500 lbs or more, including U.S. Postal Service, FedEx, UPS and Amazon fleets.
These large companies and federal agencies would have a choice on how to comply: They could purchase only zero-emission vehicles beginning in 2024 while retiring diesel trucks at the end of their useful life. Or they could phase-in zero-emission trucks as a percentage of their total fleet, starting with 10% of delivery trucks and other types that are the easiest to electrify in 2025, then ramping up to 100% between 2035 and 2042.
The requirements for converting fleets would not apply to smaller companies, unless they were using a larger company’s trucks. They could keep their trucks as long as they want under the proposal, although their new purchases would have to be zero-emission by 2040, according to Tony Brasil, chief of the air board’s transportation and technology branch.
“We also believe that some of the market dynamics will probably encourage fleets to replace their trucks earlier,” Brasil said. “As new zero emission trucks become available, the cost of operation is considerably lower.”
Working toward the 2040 ban on new diesel and gas trucks, the proposal has other deadlines for phasing in new sales, varying based on the type of truck.
Drayage trucks — used largely to transport cargo from ports and railways — would have the strictest timeline. New models would be zero-emission in 2024, while diesel and gas drayage trucks must retire after 18 years to guarantee that they meet a zero-emission requirement by 2035.
In addition, half of all new trucks purchased by state and local governments would be zero-emission in 2024, increasing to 100% by 2027. Some exemptions are allowed, if there is a lack of available models. Counties with small populations, including Inyo, Butte, Mendocino and Tuolumne, would be exempt until 2027.
The new rule banning sale of diesel vehicles would not apply to emergency vehicles, such as ambulances.
Some manufacturers have already announced plans to ramp up sales of electric truck fleets. Tesla plans to roll out electric semi trucks with 500 miles of range later this year, while Volvo Trucks and Nikola Inc. have launched electric big-rigs and other models with ranges of up to 350 miles. Volvo Trucks this year set a global goal that half of its truck sales would be electric by 2030.
“We are determined to lead the transformation of the transport industry,” Roger Alm, president of Volvo Trucks, said in a statement. “The interest among customers is high and it’s quickly becoming a competitive advantage for transporters to be able to offer electric, sustainable transports.”
But challenges with the transition remain.
Many electric heavy-duty trucks currently on the market still lack the range needed to transport cargo statewide and across state lines. Some vehicles like drayage trucks are better suited for electrification because those vehicles may not need as long of a vehicle range, said Shimoda of the California Trucking Association. But for long-haulers, the mandate could pose serious problems, he said.
Long-haul diesel trucks can operate up to 1,000 miles before needing to refill the tank, which takes 10 to 15 minutes to fill up. But electric models have to be charged often because they have “significantly shorter range” and they take hours to charge.
“The charging infrastructure that is necessary to support these trucks is basically non-existent today. Even the fastest available chargers right now are going to take three to four hours to charge up to a full state,” said Shimoda, who represents California truckers.
Todd Spencer, president and CEO of the Owner-Operator Independent Drivers Association, said charging times of more than two hours could “cause total disruption” of the industry.
“Neither the technology nor the interstate infrastructure will be available in the foreseeable future to support a zero-emission requirement for long-haul interstate trucks,” he said.
Some new technology, however, has already surfaced that dramatically cuts the charging time. The newest model of the Volvo eVNR tractor-trailer can recharge to 80% in just 90 minutes.
The mandate also would increase demand on the state’s already-fragile electric grid.
“These charging stations are going to be a huge, huge power draw,” Shimoda said. “To put into context, the Levi’s Stadium in Santa Clara on a game day uses around 300 to 350 kilowatts of power. A charging station needed for a big rig is going to be like 30 times larger.”
Stanley Young, an Air Resources Board spokesperson, said many concerns over the charging infrastructure are already being addressed under the buildout of the grid outlined in the state’s proposed scoping plan, its climate change blueprint.
Though new model prices are high, electric trucks would need much lower maintenance costs over time compared to fossil-fueled engines and would save money to recharge with electricity than diesel.
Shane Levy of Proterra, an electric vehicle technology company, said the company has rapidly scaled up its battery technology in recent years. It is currently working with more than a dozen manufacturers to electrify medium- and heavy-duty trucks and has delivered battery systems for more than a thousand commercial vehicles.
He said the new rule could accelerate the market.
“Commercial vehicles are ripe for electrification – benefiting not only how we move people around cities and towns, but also how we provide goods and services to the communities we live in,” he added.
Some state and federal subsidy programs could also help provide relief to companies and truck drivers.
Although the board provided no cost data, staff said the long-term economic net benefits are expected to save companies about $22 billion over the life of the regulation and will save more than 5,000 California lives between 2024 and 2050, according to air board staff’s estimates.
Environmental groups say the deadlines should be accelerated by four years, from 2040 to 2036 for all sales of new zero-emission trucks.
Portillo, of the Natural Resources Defense Council, said speeding up the transition would have health benefits for low-income, disadvantaged communities that live near highways, railyards and ports, where trucks spew toxic diesel exhaust and smog-forming pollutants.
Diesel exhaust is one of the most harmful pollutants that threaten Californians’ health, containing more than 40 carcinogens as well as particles that contribute to cardiovascular and respiratory disease.
Ideanomics Welcomes New Chief Financial Officer Stephen Johnston
NEW YORK, Sept. 19, 2022
https://investors.ideanomics.com/2022-09-19-Ideanomics-Welcomes-New-Chief-Financial-Officer-Stephen-Johnston
/PRNewswire/ -- Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles, announced today that Stephen Johnston has been named the company's new Chief Financial Officer, effective immediately.
"I am excited to welcome Stephen to Ideanomics. His extensive experience in finance and the automotive industry makes him an invaluable part of the team," states Alf Poor, Ideanomics Chief Executive Officer. "My belief is that Stephen is exactly the right person to ensure that Ideanomics can consistently deliver on our financial obligations and maintain strong capital discipline as we continue our strategy execution."
Stephen-Johnston
Johnston comes to Ideanomics with 30 years of diverse, global experience and will be responsible for the company's financial strategy and activities including accounting, financial controlling, financial reporting, treasury, and tax matters worldwide.
Before joining Ideanomics, Johnston served as the Chief Financial Officer of Dura Automotive Systems, a global automotive supplier. His extensive experience in finance spans manufacturing and automotive engineering industries with national and global companies like Tower Automotive and Nexteer Automotive.
"Ideanomics is a dynamic company with technology enabled product and service offerings aligned to benefit from the acceleration in mobility electrification," says Johnston. "It is an honor to be a part of the Ideanomics leadership team and to be given this opportunity to help the company realize its growth potential."
Johnston is a certified public accountant (CPA) and a member of the Michigan Association of CPAs and the American Institute of CPAs.
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 (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 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
Theodore Rolfvondenbaumen, Communications Director
trolfvondenbaumen@ideanomics.com
Ideanomics enhances the availability of Solectrac electric tractors across the United States with seven new dealer partnerships
https://investors.ideanomics.com/2022-09-19-Ideanomics-enhances-the-availability-of-Solectrac-electric-tractors-across-the-United-States-with-seven-new-dealer-partnerships
NEW YORK, Sept. 19, 2022 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (EV), is pleased to announce that its subsidiary Solectrac is continuing with the rapid expansion of its certified sales and dealer network. For the first time, Solectrac climate-smart tractors are available in Hawaii, Maine, North Carolina, Pennsylvania, Tennessee, Texas, and West Virginia. The company also continues to strengthen its position in California with two added dealers. Customers can now find Solectrac tractors coast to coast across the U.S. at 38 locations.
"Our growth strategy is working. In just six months, we saw more Solectrac tractor sales than all of last year," said Ideanomics Mobility President, Robin Mackie. "Of course, this is no surprise. Solectrac makes the best electric tractor – it's powerful, quiet, and zero-emission. By expanding our dealer network, we are making it as easy as possible for customers to see, touch, test, and ultimately own one."
The new dealer partners include Bacon Universal Co., Inc. (Hawaii), Bangor Tractor & Equipment (Maine), Beeler Tractor Co. (Calif.), Bill's Tractor and Equipment, LTD. (Texas), Cox Tractor Co., Inc. (Tenn.), N&S Tractor (Calif.), O.P.E. of America, Inc. (N.C.), PowerPro Equipment (Pa.), and Tractor Pros (W.Va.). With the addition of these new dealers, Solectrac tractors are available at 16 dealers across 15 states. Enabled by its fast-growing dealer network, Solectrac has been able to sell every tractor that rolls off the assembly line.
To support its expanding number of dealers and growing customer base, Solectrac has developed a first-to-market, online total cost of ownership calculator called SolecSave. SolecSave provides customers with a clear picture of the total cost of owning an electric tractor vs. a combustion engine tractor and provides information on available incentives and grants to buy an electric tractor. This tool is the latest example of how Ideanomics and its subsidiaries are providing customers with resources to navigate the complexity of fleet electrification, such as WareSmart for warehouse operators in Southern California.
Solectrac is developing several additional new tractor models with plans to introduce the first new model in 2023. The company recently moved into a new, larger facility, which will significantly enhance its manufacturing and assembly capacity once up and running including a well-stocked parts warehouse and service training center. Additionally, Solectrac established a partnership with Nolan Manufacturing to support its growing demand along the east coast.
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 Solectrac's electric tractors as a flagship solution for the fast-growing, high-value off-road vehicle market. Ideanomics is committed to supporting the growth of Solectrac, which includes exploring opportunities to incorporate technology from Energica, maker of the world's best electric motorcycle, into the next generation of Solectrac tractors.
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.
Recent tweets:
https://twitter.com/alf_poor/status/1570763026403561478?s=46&t=O8uSLz4opN4yJv7givNk2A
@VIAMotorsInc is not your typical truck manufacturer or OEM. We sat down to talk about its #VDrive skateboard chassis, the future of fleet #electrification, its lineup designed for drivers and tailored for fleets, and more. ✍️ Check it out today! https://t.co/7JQdhGKY43 pic.twitter.com/9TqVDk9Tty
— Work Truck Magazine (@WorkTruckMag) September 15, 2022
Ideanomics and ABC Companies to Accelerate the Deployment of WAVE Wireless Charging Solutions
September 14 2022
https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/89057359/ideanomics-and-abc-companies-to-accelerate-the-dep
NEW YORK, Sept. 14, 2022 /PRNewswire/ -- Ideanomics (Nasdaq: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (EV), today announced an agreement with ABC Companies, a leading provider of motorcoach, transit and specialty passenger transport equipment in the USA and Canada, allowing ABC Companies to become a certified reseller of WAVE's industry-leading wireless inductive charging technology in North America. The resale partnership expands WAVE's distribution across North America and into private charter fleets.
"Our WAVE wireless charging technology is a proven solution that solves a major concern we're hearing from fleet operators about going electric–what happens when I run out of charge?" said Robin Mackie, president of Ideanomics Mobility. "With our wireless charging technology, fleet operators can cut the cord, keep their electric fleet running, and stop worrying about vehicle downtime for charging at centralized depots."
ABC Companies and WAVE, a subsidiary of Ideanomics, executed this agreement. This collaboration builds on the successful deployment of the WAVE charging system to select ABC customers. With systems ranging from 125kW to 500kW and a 1MW charger in development, WAVE wireless charging unleashed the full potential of EV fleets by maximizing operational efficiency and reducing the total cost of ownership.
At the heart of WAVE's wireless charging solution is a proprietary ruggedized and fully automated charging pad. High power is delivered over the air from the roadway-embedded charging pads to receivers mounted on a vehicle's undercarriage. Charging begins as soon as the vehicle aligns on top of the in-ground pad. The WAVE system is easy to operate and maintain, with no moving parts or overhead charging infrastructure. As an added benefit, WAVE wireless charging is one of the most reliable ways to charge electric vehicles. It requires no incremental labor for manual operations and zero handling of high-power cables.
As private charter fleets look to electrify, the demand for reliable, safe and proven wireless charging infrastructure is becoming even more imperative. By strategically placing wireless charging pads at routine stops, private charter fleet operators can keep their vehicles running with a nearly full charge during the entirety of their duty cycle.
ABC Companies is a well-known leader in motorcoach, transit and specialty equipment sales and service, in addition to being the exclusive U.S. and Canadian distributor of Van Hool motorcoaches. As a market leader in the private charter space, this partnership provides a direct pathway for WAVE to expand into a new vertical—private charter fleets. Through this strategic partnership, ABC will be uniquely positioned to meet growing demand from its customers for electrification and other fleet management solutions.
"As we continue to expand our portfolio of OEM aftermarket products and services, we need to deliver industry leading charging solutions," said Roman Cornell, president and chief commercial officer-ABC Companies. "WAVE is an ideal fit for many types of fleets and this partnership will enhance our offerings for our current and future customers. Beginning in 2020, we began delivering fully electric motorcoaches, and now offer zero emissions options from 8 to 75 passengers. The expanding electric vehicle portfolio has greatly increased the number of customers choosing sustainable solutions. Now that we are expanding our charging options, we are helping the transportation industry transition to electric."
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 technology 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.
About ABC Companies
ABC Companies is a leading provider to the transportation industry with diverse product and service offerings that cover a full spectrum of operational needs including new and pre-owned full-size highway coach equipment along with transit specialty vehicles including battery electric vehicles. ABC supports customers with a comprehensive after-sales service network for service and repairs, collision services, extensive OEM and quality aftermarket parts needs for transit, motorcoach and heavy-duty equipment from strategically placed locations throughout the U.S. and Canada. Additionally, private and municipal financing and leasing options are available through the company's financial services group – one of the largest financial service providers within the industry. For more information, contact ABC Companies at 800-222-2875 or visit the company website at www.abc-companies.com.
4 Top Wireless Charging Solutions Impacting Electric Vehicles
We analyzed 25 wireless charging solutions impacting electric vehicles. Wireless Energy Protocol, HOFA, Wave, and MAGMENT develop 4 top solutions. Learn more in our Global Startup Heat Map!
https://www.startus-insights.com/innovators-guide/4-top-wireless-charging-solutions-impacting-electric-vehicles/
Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on solutions for the automotive sector. As there is a large number of startups working on a wide variety of solutions, we want to share our insights with you. This time, we are taking a look at 4 promising wireless charging solutions for electric vehicles (EVs).
Heat Map: Wireless Charging Solutions
For our 4 top picks, we used a data-driven startup scouting approach to identify the most relevant solutions globally. The Global Startup Heat Map below highlights 4 interesting examples out of 25 relevant solutions. Depending on your specific needs, your top picks might look entirely different.
Wave – Wireless Charging For Commercial Vehicles
EVs are penetrating the markets for both personal and commercial vehicles. Electrification is impacting commercial vehicles such as taxis, shuttles, public buses, and medium and heavy-duty vehicles. Wireless charging solutions for commercial vehicles bring the benefits of wireless charging to enterprises.
The US-based startup Wave builds commercial wireless charging systems to address the issue of different plug positions in various EVs. Their charging systems are available in capacities of 50 kW and 250 kW. These systems power electric buses, industrial vehicles, and off-road electric vehicles and are available across various routes.
MAGMENT – Dynamic Wireless Charging
Wireless charging systems for Electric Vehicles are limited by the grounds where they are installed. Cement and other building materials are non-conductive and leak energy during charging. Solutions that make the ground conductive and safer address this challenge while also enabling self-charging roads.
MAGMENT is a German startup that develops a concrete material for EV charging. Their product is an amalgamation of current cement technology with recycled magnetic particles. It provides effective energy transfer with high safety – while charging the vehicle in motion.
Wireless Energy Protocol – Wireless Charging
The use of cables for charging electric vehicles adds to their inconvenience. Wireless charging solutions for EVs address this issue and improve their adoption among users.
Wireless Energy Protocol is a Bulgaria-based startup that offers a wireless EV charging solution that starts the charging process in approx. 1.5 seconds. Users can choose from a variety of public and private charging points with a pay-as-you-go option currently in development.
HOFA – Wireless Docking Stations For eBikes
eBikes are trending globally because of their ease of use and availability. It is the most attractive alternative for eco-friendly commuters who want to minimize their carbon footprint. Solutions that improve accessibility to public wireless docking stations make use of eBikes hassle-free.
The Chinese startup HOFA improves the accessibility of wireless docking stations for public eBikes as their solution does not require any human intervention. It charges the eBikes when parked at the correct spot, eliminates the need for cables and minimizes vandalism at public eBike charging stations.
What About The Other 21 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence for your Proof of Concept (PoC), partnership, or investment targets. The 4 wireless charging solutions showcased above are promising examples out of 25 we analyzed for this article.
Recent post by Ideanomics subsidiary Energica
Corresponding Tweet
Major news for @USHybrid, which just secured one of their biggest orders to date for 62 #ZeroEmission street sweepers. https://t.co/kDYdCwb43M
— Ideanomics Inc. (@ideanomicshq) September 12, 2022
Ideanomics and Global Environmental Products expand partnership to produce Zero-emission street sweepers
September 12 2022
https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/89035177/ideanomics-and-global-environmental-products-expan
NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (EV), today announced that its subsidiary US Hybrid is supplying Global Environmental Products (GEP) with its proprietary electric and hybrid electric propulsion kits for use in the construction of 62 zero emission street sweepers. Once complete, GEP will provide the sweepers to New York City, California, the City of Helena, Montana, and Washington D.C.
"Together with GEP, we are providing customers across the U.S. with made-in-America zero-emission street sweepers featuring the best available technology pioneered by US Hybrid," said Ideanomics Mobility President, Robin Mackie. "This order, one of the biggest to date, reflects a simple truth – zero-emission street sweepers are better for the planet, communities, and the bottom line. Also, each order supports the growth of America's clean energy economy and green manufacturing jobs."
This is another milestone in the decades-long strategic partnership. In 2009, GEP partnered with US Hybrid to launch the first hybrid electric street sweepers in New York City and has since provided additional units to customers in Japan. In 2021, GEP and US Hybrid deployed a first-of-its-kind, fully electric, supercharged street sweeper in New York, which made a splash by cleaning up iconic Times Square after the 2022 New Year's Eve celebration.
"We care about our environment and believe in designing and building environmentally responsible products. Our long-standing relationship with US Hybrid ensures that we always have the most evolved, zero-emission technology available to us to ensure we can provide our customers state of the art zero emission technology they are looking for," stated Walter Pusic, GEP president.
GEP will provide 17 electric street sweepers to California's Department of Transportation. In addition, the company has signed a letter of intent to supply 30 plug-in hybrid electric street sweepers and seven all-electric street sweepers to New York City. Additional orders for GEP's all-electric street sweepers include two for the City of South San Francisco, three for Washington D.C., and two for the City of Helena, Montana. All sweepers will feature US Hybrid's proprietary technology.
GEP produces hybrid and fully electric street sweepers manufactured in San Bernardino, Calif. An all-electric street sweeper prevents nearly 90 metric tons of carbon emissions from entering the atmosphere over its lifetime and is significantly quieter than sweepers powered by a combustion engine.
Since acquiring US Hybrid in 2021, Ideanomics appointed automotive industry veteran Macy Neshati as interim CEO and invested more capital to enable US Hybrid to keep pace with growing demand for its industry-leading electric powertrains and fuel cell systems. Ideanomics has determined that Neshati will continue in the role of CEO, effective October 1, based on his exceptional leadership, which has enabled US Hybrid to quickly enter new markets, improve operational efficiency, and enhance the visibility of new product offerings to key market segments including a near-zero-emission natural gas-powered parallel hybrid powertrain technology for drayage and long-haul trucks.
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 US Hybrid's expertise in designing fuel cell systems and electric power trains as a competitive advantage. Ideanomics is committed to supporting the growth of US Hybrid, which includes exploring opportunities to incorporate US Hybrid technology into the design of Ideanomics' 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.
About Global Environmental Products
Global Environmental Product is one of the world's leading producers of specialized Street Cleaning Equipment. We build Purpose Built, Heavy Duty, and simply Tough Street Sweepers. Headquartered in San Bernardino, CA, we believe in Reliable, Affordable and Innovative products. We are proud to say that our sweepers are Made in the USA.
New tweet out on Energica
Thrilled I could be at the ribbon-cutting for @EnergicaMotor's new HQ and kick off #EW22 with the Energica team. The new factory, in the heart of the Italian Motor Valley, is 2x the size of the current facility (to expand the production area & offices). pic.twitter.com/38bpBzz6rp
— Robin Mackie (@Robin_Mackie1) September 6, 2022
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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
| PER IHUB MGMT |
02-07-2021
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AI
