Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles, is in the process of acquiring VIA Motors, which just announced a $170 million order for its Class 3 electric chassis cabs. A leading electric commercial vehicle manufacturer, VIA Motors made the deal with Pegasus Specialty Vehicles, which will use the cutaway chassis cabs to build type A school buses, electric shuttles and paratransit buses. VIA Motors has built a reputation for providing advanced electric drive technology and sustainable mobility solutions for a wide variety of Class 2 to 5 electric commercial vehicle applications. The buses built by Pegasus using the VIA cutaway will feature all-wheel drive and industry-leading low-floor height and turning radius with electric motors that generate a continuous rated 400 horsepower, capable of transporting 7,000 to 8,200 pounds within a range of 180 miles. According to the announcement, Pegasus has partnered with Creative Bus Sales to provide sales and servicing; the Creative national dealership base comprises 23 dealers throughout the United States and Canada; its total dealer network numbers 56 dealer sales and service centers. “With our innovative electric commercial vehicles, we can provide an EV solution to not only the bus, shuttle and transit segments, but also to many of the commercial segments,” said VIA Motors CEO Bob Purcell in the press release.
In addition, IDEX subsidiary Energica will provide 88 of its EsseEsse9+ motorcycles for the upcoming G20 Summit in Bali, Indonesia. Valued at nearly $2 million, the order, placed with Indonesia’s largest vehicle retail and distribution company, is the largest single order Energica has received to date. According to the announcement, the motorcycles will be used by the Indonesian National Police (Poiri) to escort international government delegates attending the summit. This strategic order will make Indonesia the first country in the Asia-Pacific region to operate an electric motorcycle fleet. The presence of the vehicles at the summit will hopefully elevate brand awareness, with the experience making a lasting impression on delegates. “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 in the press release. “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.”
To view the full press releases, visit https://ibn.fm/RqxDf and https://ibn.fm/8PXV9
About Ideanomics Inc.
Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles, charging and financing solutions under one roof, IDEX is the one-stop partner needed to simplify the transition to and operation of any EV fleet. For more information about the company, please visit www.Ideanomics.com.
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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