NEW YORK, Feb. 19, 2021 — Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”) announces the expansion of Timios Holdings Corp.’s (Timios) retail purchasing services in California with the addition of three new locations.
— Signed leases in Santa Clarita, Lancaster, and Ventura
— The population of these three cities combined total about half a million people
— Part of a larger growth plan to serve robust U.S. housing market
Timios has signed office leases in three new locations this quarter, Santa Clarita, Lancaster and Ventura. Santa Clarita is the third largest city by population in Los Angeles county. It is a fast-growing community with robust housing numbers, housing starts and home upgrade opportunities. Lancaster, located in the Antelope Valley, is another area of continued and sustained growth. Ventura, in Ventura county, is a mature coastal community with a vibrant housing market. Collectively, these three cities have a population of about half a million people. The three new offices are part of Timios’ continuing expansion program which has helped fuel its growth in recent years.
“This retail purchasing business expansion is part of Timios’ larger strategic growth plan,” said Timios CEO Raymond Davison. “With more companies offering the option to work remote, we believe housing activity will continue to be strong; Timios will continue to strengthen is service offerings to address the changing needs of the housing market.”
About Timios Holding Corp.
Timios is the Greek word for “honest,” and that has guided everything we do since 2008. Our mission is simple: to provide an unparalleled real estate transaction experience for buyers, sellers, and professionals. By empowering our customers through innovation, providing total transparency, and simplifying every step, Timios has revolutionized the process to give our customers the control they deserve.
Ideanomics is a global company that facilitates the adoption of commercial electric vehicles and supports next-generation financial services and fintech products. Our electric vehicle division, Mobile Energy Global (MEG) provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity, as well as financing and charging solutions; we refer to this business model as sales to financing to charging (S2F2C). Ideanomics Capital provides fintech services that include intelligent and innovative solutions powered by AI and blockchain. Together, MEG and Ideanomics Capital provide our global customers and partners with more efficient solutions for a greener economy.
The company is headquartered in New York, NY, with offices in Beijing, Hangzhou, and Qingdao, and operations in the U.S., China, Ukraine, and Malaysia.