Ideanomics (NASDAQIDEX), a global company focused on accelerating the commercial adoption of electric vehicles, is reporting its fourth-quarter and full-year 2023 financial numbers, for the period ended Dec. 31, 2023. Notable numbers from the report show revenue for the full year totaling $15.5 million, down an estimated 18.7% from 2022, with gross profit for the full year reported at negative $2.7 million, compared to negative $3.4 million for 2022. Highlights from the report show that Energica Inside, a majority-owned subsidiary of Ideanomics, announced key partnerships to develop all-electric solutions for aviation, marine and off-road uses; Energica electric motorcycles were also selected by police services in France and Barbados for police fleets. In addition, the report showed that Ideanomics charging solutions business, WAVE, has completed an industry-first, OEM-approved installation of wireless charging and is continuing initial projects with several major logistics fleet customers. Members from Ideanomics management team, including CEO Alf Poor and CFO Ryan Jenkins, have recorded an earnings conference call outlining key information from the financial report. “Throughout 2023, Ideanomics continued executing its commitment to shareholders to exit noncore businesses and finalize a reorganization of the business to focus on last-mile and local delivery vehicles and associated charging products,” the company stated in the press release.
Ideanomics (NASDAQIDEX), a global company focused on accelerating the commercial adoption of electric vehicles, and a majority-owned subsidiary of Ideanomics, Energica Motor Company, have announced a research-and-development partnership with Electra Vehicles Inc. According to the announcement, the R&D collaboration is focused on revolutionizing the electric two-wheeler market. A leader in high-performing electric motorcycles and EV system integration, Energica Motor will utilize Electra’s Brain for Batteriesartificial intelligence (“AI”)-powered technology to enhance battery performance and optimize vehicle range, charging and lifetime as well as improving the overall driving experience. “We met Electra and were immediately interested in their AI solutions related to batteries, a crucial element on which we have based our know-how from the beginning,” said Energica Motor Company CTO Giampiero Testoni in the press release. “Together with their team, we have started a research and development collaboration [to] apply AI to the [battery management systems] (‘BMS’) of our batteries. The objective is to better monitor the data and optimize the range. The studies are still underway, but we are thrilled to be able to work together with a dynamic company like Electra.”
MODENA, Italy / Boston, MA, May 23, 2024 (GLOBE NEWSWIRE) -- Energica Motor Company, (a majority-owned subsidiary of Ideanomics (NASDAQIDEX) a leader in high-performance electric motorcycles and EV system integration, and Electra, an industry leader in applied AI-ML for battery management software solutions, are excited to announce a strategic R&D partnership to revolutionize the electric two-wheeler market.
Energica Motor Company (a majority-owned subsidiary of Ideanomics (NASDAQIDEX)) leader in high-performing electric motorcycles and EV system integration, and Electra Vehicles Inc., an industry leader in applied AI-ML for battery management software solutions, are excited to announce a strategic R&D partnership to revolutionize the electric two-wheeler market.
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Ideanomics (NASDAQIDEX) is a global group focused on accelerating the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation, and financial services, the company provides the completeness of solutions needed for the commercial world to commit to an EV future.
Ideanomics' Electric Tractor Subsidiary Will Leverage Success To Date In Its Direct-To-Customer Business By Expanding The DTC Strategy and Partnering with a Curated Dealer Network in Key Markets
Ideanomics (NASDAQIDEX), a global company focused on accelerating the commercial adoption of electric vehicles, has scheduled a conference call/webinar to spotlight its fourth-quarter and full-year 2023 financial results. The company announced that members of its senior management team will host the call, which is slated for April 1, 2024, at 4:30 p.m. ET. Those interested in accessing the call can dial +1-253-205-0468, then use meeting ID 9383222914. The event will include an overview and discussion of the financial results as well as a Q&A session. A replay of the call will be available on the company’s website after the event.
New York, March 25, 2024 (GLOBE NEWSWIRE) -- NEW YORK, March 25, 2024 - Ideanomics (NASDAQIDEX) ("Ideanomics" or the "Company") announces that the conference call to discuss its fourth quarter and full year 2023 financial results on Monday, April 1, 2024, at 4:30pm ET.
WAVE Charging, a wholly owned subsidiary of Ideanomics (NASDAQIDEX) and developer of high-power, wireless inductive charging solutions for medium- and heavy-duty commercial vehicles, today announced the appointment of Macy Neshati as its general manager. In the new role, Neshati will oversee operations and drive the expansion of WAVE Charging’s current customer base, including the two confidential commercial fleet customers previously disclosed. “Macy’s proven track record of driving innovation and growth within the clean energy and transportation sectors makes him the ideal candidate to lead WAVE Charging,” Ideanomics CEO Alf Poor said of the appointment. “His strategic vision and deep industry knowledge will be invaluable assets as we continue to revolutionize the commercial vehicle charging landscape.”
