Ideanomics completes the acquisition of VIA Motors, targets the fast-growing industrial EV supply sector
NEW YORK, Jan. 26, 2023 /PRNewswire/ — Ideanomics (NASDAQ: IDEX), a world firm targeted on accelerating the industrial adoption of electrical autos (EV), as we speak introduced that it has accomplished its acquisition of VIA Motors (VIA), a U.S. based mostly all-electric industrial automobile producer.
Ideanomics completes the acquisition of VIA Motors, targets quick rising industrial EV supply sector.
“Our acquisition of VIA Motors brings vital income technology potential to Ideanomics and its shareholders,” says Ideanomics Government Chairman, Shane McMahon. “We can’t be extra thrilled to welcome VIA to Ideanomics.”
Ideanomics and VIA will start collaboration to pair VIA’s electrical work vans with Ideanomics Vitality’s turnkey charging options. As a part of this, Ideanomics Vitality will grow to be the popular charging options supplier for VIA, enabling prospects to unleash the complete potential of their new VIA work vans with AC and DC chargers, superior wi-fi charging, and containerized charging. Moreover, Ideanomics and VIA will discover potential alternatives to make the most of VIA’s VDRIVE™ skateboard with non-competing OEMs.
“Collectively, Ideanomics and VIA will introduce a cost-efficient, built-in EV and charging answer for industrial fleets, which has been sorely missing available in the market,” says Alf Poor, CEO of Ideanomics. “Ideanomics will assist VIA transfer swiftly to ramp up manufacturing of their VTRUX® portfolio of sophistication 2 to five vans, vans and proprietary skateboards, and leverage Ideanomics’ turnkey charging and financing options to present fleet operators a greater option to personal and function VIA electrical work vans sooner, simpler and extra affordably.”
VIA’s worth is rooted in its VDRIVE™ electrical skateboard and VTRUX® modular automobile portfolio, which has been designed from the bottom as much as meet the wants of business fleet operators and drivers. VIA will supply a full vary of fit-for-purpose configurations with its chassis cab together with last-mile supply vans, field and stake vans, faculty buses and shuttles and extra. BloombergNEF tasks that greater than 1 million battery-electric mild and medium industrial autos shall be on the highway within the U.S. by 2030.
“Closing this transaction marks an incredible day for all of us. VIA Motors is altering final and mid-mile supply with revolutionary and inexpensive electrical industrial autos, which we are able to do even higher by leveraging Ideanomics’s charging options, and financing,” says Bob Purcell, CEO VIA Motors. “Ideanomics will present the sources we have to begin manufacturing and ship nice merchandise to our prospects.”
VIA will be a part of Ideanomics Mobility, one of many firm’s three strategic verticals. VIA CEO Bob Purcell and VIA’s administration staff, with a long time of automotive business expertise and experience, will proceed to steer the corporate.
Ideanomics and VIA are positioned to maneuver at tempo to ship. Since June of 2021, Ideanomics has offered financing for VIA’s expertise analysis and improvement, facility expansion, and hiring of extra employees to allow full OEM capabilities. Consequently, VIA has secured initial orders and established a co-development partnership with EAVX, a enterprise unit of JB Poindexter & Co., to develop a fully electric class 2b delivery van.
“VIA Motors is one in every of a number of EV corporations Ideanomics has acquired in recent times. As a part of our journey to grow to be the main accomplice for electrifying industrial fleets, Ideanomics focused undervalued EV and charging corporations with sturdy administration groups, differentiated merchandise and expertise, and the potential for vital income technology,” says McMahon.
As a part of Ideanomics, Energica, Solectrac, US Hybrid and WAVE have been reworked from promising startups to main corporations of their respective market segments; Ideanomics’ goal is to create the identical success at VIA.
With VIA Motors, Ideanomics rounds out its providing as a customer-centric EV and charging options supplier dedicated to creating the transition to industrial electrical fleets quick, inexpensive and simple. The corporate’s subsidiaries, managed by Ideanomics’ three verticals (Ideanomics Mobility, Ideanomics Vitality and Ideanomics Capital), present turnkey industrial electrification options for purchasers, regardless of the place they’re on their electrification journey. With a deep bench of business specialists, Ideanomics gives prospects with end-to-end EV and charging help to make sure prospects are geared up with the best options for his or her distinctive wants.
About Ideanomics
Ideanomics is a world group with a easy mission: accelerating the industrial adoption of electrical autos. By bringing collectively autos, charging and financing options below one roof, we’re the one-stop accomplice wanted to simplify the transition to and operation of any EV fleet. To maintain up with Ideanomics, please comply with the corporate on social @ideanomicshq or go to https://ideanomics.com.
Protected Harbor Assertion
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Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
[email protected]
Theodore Rolfvondenbaumen, Communications Director
[email protected]
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SOURCE Ideanomics