Ideanomics' subsidiary Energica to provide electric motorcycles for the upcoming G20 Bali summit
PR98057
NEW YORK, Sept. 28, 2022 /PRNewswire=KYODO JBN/ --
Ideanomics (
) (Nasdaq: IDEX), a global company focused on accelerating the commercial
adoption of electric vehicles (EV), today announced that its subsidiary
Energica (
) will provide 88 EsseEsse9+ (
) motorcycles for the upcoming G20 Summit in Bali, Indonesia. This is
Energica's largest single order to date and is valued at nearly $2 million.
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"When G20 delegates arrive in Bali, they will be welcomed and escorted by a
security detail riding Energica bikes. That means their first experience will
be seeing zero-emission, high-performance vehicles in action," says Livia
Cevolini, Energica Motor Company CEO. "My hope is that this experience sticks
with each delegate throughout the summit and in all discussions around climate
change and transportation."
The Indonesian National Police (Poiri) will use the Energica motorcycles to
escort all international government delegates attending the summit. Indonesia
will become the first country in the Asia-Pacific region to operate an electric
motorcycle fleet, demonstrating its climate leadership and progress on its
commitment to put 2 million electric vehicles on the road by 2025.
Energica signed an agreement with UTOMOCORP (
), one of Indonesia's leading vehicle retail and distribution companies. The
two companies expect to deliver the bikes to the Indonesian police force in
early November.
"UTOMOCORP is proud to be able to provide the most advanced electric motorcycle
for the Indonesian government as the vehicle used by the police force. Energica
has been tested for quality and technology; it is in line with UTOMOCORP's
commitment to bringing quality and leading products with today's developments.
This is an initial stage and I hope that in the future we can supply more
products, both for general and special needs," says UTOMOCORP CEO, Denny Utomo.
Together, Ideanomics and Energica have introduced the new Experia (
) motorcycle, expanded Energica's global dealership network and production
capacity, and launched the Energica Inside business unit to help more
industries electrify faster.
"Since acquiring majority ownership of Energica in 2021, our goal has been to
help grow their production and distribution capabilities," said Ideanomics
Mobility president Robin Mackie. "Today, we are seeing the work we've done
together pay off - Energica is the only company capable of meeting such a large
order of high-quality, high-performance electric motorcycles."
Ideanomics is solving the complexity of fleet electrification by bringing
together high-performance electric vehicles, charging infrastructure and
financing solutions under one roof. The company views Energica as a flagship
vehicle for the two-wheeler market and is committed to helping the company grow
and develop new revenue streams. This includes enhancing Energica's presence in
the ASEAN region by establishing Treeletrik (
) as an after-sales support partner and strategic sales partner.
About Ideanomics
Ideanomics is a global group with a simple mission: accelerating the commercial
adoption of electric vehicles. By bringing together vehicles, charging, and
financing solutions under one roof, we are the one-stop partner needed to
simplify the transition to and operation of any EV fleet. To keep up with
Ideanomics, please follow the company on social @ideanomicshq or visit
).
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 timing for the filing of the Form 10-K, the Company's ability to
regain compliance with the Nasdaq 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. Any
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 failure of the Company to file the Form 10-K
on its expected timeline 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 Form 10-K and Form 10-Q. The
Company expressly disclaims any intent or obligation to update these
forward-looking statements other than as required by law.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
ir@ideanomics.com
Theodore Rolfvondenbaumen, Communications Director
Trolfvondenbaumen@ideanomics.com
SOURCE Ideanomics
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