Ideanomics Purchases Racy Energica Electric powered Bike ManufacturerApril 14, 2022
Our pals at Ideanomics built a major splash on Wall Avenue these days with news that their acquisition of the racy Italian sportbike manufacturer Energica is full. Ideanomics and Energica executives held their 1st joint trader presentation right now, to showcase the companies’ shared eyesight for the long run and how the two providers complement that sustainability mission.
The announcement was celebrated with a press party titled “EVolving the Street Ahead,” and commenced with a ride of the Energica motorcycles by Ideanomics’ Government Chairman Shane McMahon, President of Mobility Robin Mackie, and Energica US CEO, Stefano Benatti, to symbolize the Italian and American companies coming together in a spot as iconic as Periods Sq.. CleanTechnica founder Scott Cooney was also there, and he got to knowledge the company’s certainly magnificent Energica Moi firsthand.
It’s Very good to be the King
Through the trader presentation, Ideanomics CEO Alf Poor talked over how the acquisition of Energica brings technological know-how, economies of scale and strong leadership to the Ideanomics relatives, which features a further buddy of CleanTechnica, Mani Iyer, of electric powered tractor firm Solectrac. Everyone, it would seem, is pretty enthusiastic about the choices presented.
“As a result of this acquisition, Ideanomics is uniquely positioned to profit from the growing desire for electric powered, two-wheeled autos,” said Shane McMahon, executive chairman of Ideanomics. “Energica’s large-functionality electric bikes, escalating seller community and powertrain applications will permit us to leverage car or truck apps throughout other Ideanomics companies and consumers, while supporting the future period of growth for Energica.”
That upcoming phase of development would seem linked to Energica Inside— a rising division in the organization that would seek out to source Energica’s race-confirmed propulsion and power storage systems to other manufacturers throughout industries. These could be boutique bicycle builders, off-street powersports brand names, or even personalized watercraft. As the e-mobility revolution marches on, there appears to be no limit to wherever they’ll go.
“At Energica, we are energized to guidance Ideanomics’ vary of electrification options in get to create a international ability participant in the EV place throughout a number of verticals,” reported Livia Cevolini, CEO of Energica. “Our bikes have additional electric power, torque and selection than our opponents, and with our competitive rate stage, we are uniquely positioned to capture a massive share of zero-emission bike enthusiasts. With our rising income, excellent items and new Energica Inside of small business device, we will do the job hand in hand with other Ideanomics operating corporations to create new technologies for powertrain factors and modular powertrain devices.”
Scott is chaotic riding the new Energica Moi and Eva bikes in Manhattan now, and will share his riding impressions of the bicycle when he receives again. One particular thing, even so, I currently know: I am tremendous jealous!
Supply | Photographs: Ideanomics, Energica, via PR Newswire.
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