Ideanomics to buy 70 percent stake In Energica Motor Company

 Ideanomics to buy 70 percent stake In Energica Motor Company

Shane McMahon, Livia Cevolini, Alf Poor (Left to Right)

What originally started as a single Ideanomics-owned firm has grown into a network of companies that developed. 

And developed ideas based on technologies developed by the team of futurists Ideanomics has at its disposal.  

Their subsidiaries include VIA Motors, Solectrac, Treeletrik, Wave, and US Hybrid.

Energica represents one such venture that Ideanomics worked closely on. As the company began turning the wheels on developing what is now known as the EGO line of electric motorcycles.

It would make Ideanomics the majority owner in Energica. Which we see as a huge step forward for both companies.

With a 20 percent stake in Energica.Ideanomics. Now plans to increase its stake in Energica by up to 70 percent.

If everything goes well, we would see Energica founders having 30 percent stake. And the majority player will be Ideanomics.

Quote

“The two-wheeler electric market is poised for significant growth. And we couldn’t be more excited about the synergies between Ideanomics and Energica. That will allow us to be a prime player in this space,” said Shane McMahon, Executive Chairman of Ideanomics. 

“This vibrant piece we are adding to the mobility business. Will not only expand our market reach but also add significant weight to the mechanical expertise. And technology innovation in the two-wheeler space.”

“We are grateful for Energica’s continued interest in growing synergistically. Alongside other brands within the Ideanomics Mobility ecosystem,” said Alf Poor, CEO of Ideanomics. 

“With exceptional management and leadership in place. And a full range of innovative zero-emissions products already in the market. 

We believe Energica has the opportunity to benefit enormously from Ideanomics Capital’s resources. Transforming their growth trajectory and positioning them as a global leader in the electric motorcycle market.”

“We are thrilled to further our relationship with Ideanomics. As they continue to expand their global footprint in the EV industry.Especially the promising two-wheeler market,”.Said Livia Cevolini, CEO of Energica Motor Company S.p.A.

“Ideanomics provides access to a synergistic network of innovative companies. Addressing global challenges within the zero-emission transportation segment. 

We look forward to continued growth, innovation and collaboration within the Ideanomics ecosystem.”

via Prnewswire

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