InvestorNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Closes VIA Motors Acquisition, targets commercial EV delivery sector

Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (“EV”), has completed its acquisition of VIA Motors, a U.S. based all-electric commercial vehicle manufacturer. According to the announcement, VIA will become part of Ideanomics Mobility, one of the IDEX’s three strategic verticals; VIA CEO Bob Purcell will continue to lead the company. The two companies will work together to produce VIA’s electric work trucks featuring Ideanomics Energy’s turnkey charging solutions. In order to make this happen, IDEX will be the preferred charging solutions provider for VIA; the Ideanomics solution will allow customers to charge their VIA trucks with either AC or DC chargers, advanced wireless charging and containerized charging. The company also noted that the acquisition will allow exploration of potential opportunities to utilize VIA’s VDRIVE(TM) skateboard with noncompeting OEMs. “Together, Ideanomics and VIA will introduce a cost-efficient, integrated EV and charging solution for commercial fleets, which has been sorely lacking in the market,” says Ideanomics CEO Alf Poor in the press release. “Ideanomics will help VIA move swiftly to ramp up production of their VTRUX(R) portfolio of class 2 to 5 trucks, vans and proprietary skateboards, and leverage Ideanomics’ turnkey charging and financing solutions to give fleet operators a better way to own and operate VIA electric work trucks faster, easier and more affordably.”

To view the full press release, visit https://ibn.fm/Vwyig

About Ideanomics Inc.

Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles, charging and financing solutions under one roof, the company becomes the one-stop partner needed to simplify the transition to and operation of any EV fleet. For more information about the company, please visit www.Ideanomics.com.

NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.