Ideanomics, Energica and Solectrac will design a new generation of electric tractors with the technology of the best electric motorcycle in the world

NEW YORK, November 10, 2022 /PRNewswire/ — Ideanomics (Nasdaq:IDEX), a global company focused on accelerating commercial adoption of electric vehicles (EVs), today announced that Energica, through its business unit Energica Inside , and Solectrac are starting a technical collaboration on a new generation of electric tractors. Energica Inside will support Solectrac in battery development, vehicle control unit (VCU) development, and prototype assembly and testing.

“It’s game over – different Ideanomics teams are working together to create new and better electric vehicles,” says Robin Macky, president of Ideanomics Mobility. “This is a great example of our smart spending approach in action. By integrating design, digital and product development in-house, Ideanomics can deliver new products faster, better and cheaper. I see great opportunities for more collaboration like this once the VIA acquisition is complete.”

Collaboration between Solectrac and Energica Inside on battery development is expected to increase runtime, meaning customers can do more with their electric tractors per charge. Thanks to its industry-leading battery technology, Energica motorcycles offer more range than any other electric motorcycle on the market. Energica’s VCU is expected to further improve the overall performance and efficiency of Solectrac’s next-generation electric tractors.

The new Solectrac tractors will also incorporate modular, futuristic styling from Ideanomics Design as well as telematics and performance data from Ideanomics Digital. Ideanomics plans to launch a new range of Solectrac tractors in 2023.

“Energica Inside has the potential to become a major revenue stream,” said Livia Cevolini, CEO of Energica. “Governments around the world have made up their minds: the future is electric. For some businesses and industries, this transition will not be easy. Through Energica Inside, we will provide our unparalleled electric vehicle expertise to help OEMs electrify their product offerings faster, easier and more affordable.”

Energica Inside is focused on leveraging Energica’s EV expertise to help other industries become electrified – from agriculture to maritime to aviation and beyond. Although this collaboration with Solectrac is Energica Inside’s first project, there is already a rich funnel of companies interested in partnering with Energica Inside. This includes preliminary discussions with a two-wheeled vehicle and a personal watercraft manufacturer.

Ideanomics solves the complexity of fleet electrification, giving fleet operators everything they need to electrify faster, easier and at lower cost, all in one place. Ideanomics is committed to supporting the growth of its Energica and Solectrac subsidiaries, both of which drive steadily increasing sales and higher-margin revenue generation.

About Ideonomics
Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing vehicles, charging and financing solutions together under one roof, we are the single partner needed to simplify the transition to and operation of any electric vehicle fleet. To keep up to date with Ideanomics, please follow the company on social media @ideanomicshq or visit https://ideanomics.com.

Safe Harbor Statement
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. , as amended, including statements regarding the expected timeline for filing Form 10-K, the company’s ability to regain compliance with Nasdaq’s requirements for continued listing and related matters. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes”, “expects” or similar expressions that involve known and unknown risks and uncertainties. All forward-looking statements contained herein are based on current expectations, but are subject to risks and uncertainties that could cause actual results to differ materially from those indicated, including, but not limited to, risks and uncertainties relating to the Company’s failure to file Form 10-K on its expected schedule and other risk factors discussed from time to time in the Company’s filings with the SEC. These and other factors are identified and described in more detail in the Company’s filings with the SEC, including, without limitation, the Company’s most recent Forms 10-K and 10-Q. The Company expressly disclaims any intention or obligation to update these forward-looking statements other than as required by law.

contacts:
Ideanomics, Inc.
Tony SklerSenior Vice President of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
[email protected]

Théodore Rolfvondenbaumen, Communications Director
[email protected]

SOURCE Ideonomy

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