Ideanomics invest 20% stake in Energica, with nearly €11million of funds.
Energica signed and announced the investment agreement with Ideanomics. Ideanomics (Nasdaq: IDEX) is a global company that facilitates the adoption of commercial electric vehicles as well as disruptive fintech products. The companies agree to a €10,909,091 equal to 64.17% of the share capital increase, against the issue of 6,128,703 Energica ordinary shares. That comes to a total investing stake of 20% of the company’s share capital at $1.78 per share.
Ideanomics already holds investments in various electric mobility related companies, with the likes of Treeletrik – Malaysia Electric scooters, WAVE – a charging solution company, Solectrac – Electric Tractors, and this new and latest addition of Energica, a leader in high performance electric motorcycles.
“We are proud to be part of this unified platform of which we fully share the vision”
“The creation of a network of innovative companies can only accelerate the growth and adoption of new technologies such as sustainable mobility that sees us among the leaders. We are confident to make our contribution derived from decades of experience in the field of high-performing electric motorcycles “
“The investment will give further strength to the Energica growth already underway in recent years thanks to the innovations brought to our products within the racing experience in MotoE.”
Livia Cevolini, CEO of Energica Motor Company S.p.A.
”Energica has combined zero emission EV technology with the pedigree of high-performance mobility synonymous with Italy’s Motor Valley to create a range of exceptional products for the high-performance motorcycle market. To support its products, it has developed proprietary EV battery and DC fast-charging in-house that has applications and synergies with our broader interests in the global EV sector. We were very impressed with Livia and her team throughout our discussions, and we are very pleased to support them through their next phase of growth”
Alf Poor, CEO of Ideanomics.
Energica is continuously expanding and creating commercial agreements, positioning them across Europe, America, the middle East, and with more growth to expect down the road. The investment is expected to help Energica continue its growth in Europe and utilizing Ideanomics experience in the fleet operations sector and EVs adoption space.
Source: Energica
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