- Ideanomics’ Mobility and Capital divisions provide shareholders with access to disruptive and high-growth opportunities
- The company’s primary shareholders include two billionaire families – former chairman Dr. Bruno Wu and Vice Chairman Mr. Shane McMahon
- The company has raised approximately $400 million in six months to fund new investments and acquisitions in revenue-based growth focused on EV and fintech companies
- Ideanomics Mobility consists of five companies and generates revenue from the entire EV ecosystem from vehicle and battery sales to financing, leasing and insurance, all the way through charging and energy services
- The EV market is expected to grow exponentially, driven by growing public acceptance and the current U.S. administration’s support as it works toward a 100% clean-energy economy
- Ideanomics Capital is focused on financial technologies and their disruptive potential across financial services, ranging from markets and digital assets to real estate
Ideanomics (NASDAQ: IDEX) is a global company facilitating the adoption of commercial electric vehicles and supporting next-generation financial services and fintech products. Ideanomics is currently divided into two divisions – mobility and capital. These divisions provide shareholders with access to disruptive and high-growth opportunities.
The company expects 2021 to be another growth year after it raised approximately $400 million over the past six months. This funding has already been put to good use with acquisitions of Wireless Advanced Vehicle Electrification (“WAVE”) and Timios. With roughly $200 million still on the balance sheet, Ideanomics continues to look for new investments and…
NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX
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