Ideanomics Targets Global Markets Providing Shareholders with High-Growth Opportunities

Ideanomics Targets Global Markets Providing Shareholders with High-Growth Opportunities

2021-03-22
2 min read

Ideanomics Targets Global Markets Providing Shareholders with High-Growth Opportunities

 

Ideanomics (NASDAQ: IDEX) is a global company focused on EV and fintech businesses. Founded in 2004 and headquartered in New York, Ideanomics currently spans operations in United States, China, Ukraine, and Malaysia. After raising $400 million in the past few months, the company is looking for high-growth avenues and disruptive opportunities in its two divisions: Mobility and Capital.

 

The Ideanomics Mobility unit consists of five companies:

 

  • Mobile Energy Global (MEG) – Wholly owned China-based service provider of the Sales-to-Finance-to-Charging (S2F2C) business model to assist commercial fleet operators on EV enablement. Recent sales include 2,000 units of D1, BYD’s custom electric ride-hailing vehicle.

 

  • Medici Motor Works – Wholly owned North America division. MMW will develop zero-emissions specialty vehicles, trucks, buses and vans for the North American market.

 

  • Wireless Advanced Vehicle Electrification (WAVE) – Wholly owned Utah-based commercial EV charging technology company with a specialized offering of in-ground wireless charging for commercial vehicles. WAVE’s chargers power the Antelope Valley Transportation Authority, the largest municipal EV bus system in the country. Its revenue for 2020 exceeded $7 million, and it boasts a robust pipeline for 2021 and beyond.

 

  • Treeletrik – Majority investment in Malaysian-based OEM will service a high-demand market – electric delivery mopeds. Treeletrik has obtained certifications in Thailand and Indonesia, with orders secured for 2021. Its North American marketing program is expected to commence in 2021. As a part of the ESG initiative, one tree will be planted for every unit sold.

 

  • Solectrac – Minority investment in California-based electric tractor company. Solectrac manufactures 100% electric tractors to benefit farmers, crops and the planet at a time when the agriculture market remains virtually unaddressed by EV solutions.

 

  • Silk EV – Minority investment in hyper car and performance car design company, which provides access to the high-end battery and charging technology development ecosystem.

 

  • Energica – 20% ownership of Italian high performance E motorcycle manufacturer

 

 

 

The Ideanomics Capital unit consists of five companies:

 

  • Timios – Wholly owned subsidiary bringing real estate into the 21st century by providing value-add, fee-based services addressing the title and closing process of home buying and mortgage transactions.

 

Timios works to create transparency and efficiency within the market. Timios ended 2020 as a cash flow and EBITDA positive business.

 

  • The Delaware Board of Trade (DBOT) – Wholly owned FINRA-regulated ATS and broker dealer based in Delaware.

 

  • Liquefy – Minority investment bringing innovation to investment in real assets with blockchain technology by increasing efficiency in fractional ownership, lowering entry to investment barriers and unlocking liquidity in assets that were previously illiquid.

 

  • Technology Metals Market (TM2) – Minority investment in UK company delivering a direct investment and trading market for technology metals with a newly accessible technology metals asset class for inventory diversification. The traded metals are 100% backed by physical metals.

 

  • Intelligenta – Investment providing AI and machine learning solutions for financial institutions and regulators.

 

https://ideanomics.com/