Our friends at Ideanomics caused a stir on Wall Street today when they announced that their acquisition of Italian sportbike brand Energica is complete. Leaders from Ideanomics and Energica held their first joint investor presentation today, to outline the companies’ shared vision for the future and how the two companies complement this sustainability mission.
The announcement was celebrated with a press event titled “Evolving the Road Ahead”, and began with a tour of the Energica motorcycles by the executive chairman of Ideanomics. Shane McMahonPresident of Mobility Robin Mackie, and the American CEO of Energica, Stefano Benatti, to symbolize the coming together of Italian and American companies in a place as emblematic as Times Square. CleanTechnica founder Scott Cooney was also in attendance and got to experience the company’s absolutely awesome Energica Ego firsthand.
It’s good to be the king
During the presentation to investors, the CEO of Ideanomics Alf Poor explained how the acquisition of Energica brings technology, economies of scale and strong leadership to the Ideanomics family, which includes fellow CleanTechnica friend Mani Iyer of electric tractor company Solectrac. Everyone, it seems, is pretty excited about the possibilities presented.
“Through this acquisition, Ideanomics is in a unique position to benefit from the growing demand for two-wheeled electric vehicles,” said Shane McMahon, executive chairman of Ideanomics. “Energica’s high-performance electric motorcycles, growing dealer network, and powertrain applications will allow us to leverage vehicle applications at other companies and Ideanomics customers, while supporting the next phase of growth in ‘Energica.’
This next phase of growth appears tied to Energica Inside – a growing division within the company that would seek to supply Energica’s race-proven propulsion and energy storage systems to other manufacturers across the board. sectors. These can be boutique bike builders, off-road powersports brands, or even personal watercraft. As the e-mobility revolution progresses, there seems to be no limit to their destination.
“At Energica, we are excited to support Ideanomics’ suite of electrification solutions to create a global power player in the electric vehicle space across multiple verticals,” said Livia Cevolini, CEO of Energica. . “Our bikes have more horsepower, torque and range than our competitors, and with our competitive price, we are uniquely positioned to capture a large percentage of zero-emission motorcycle enthusiasts. With our growing sales, our exceptional products and our new Energica Inside business unit, we will work hand-in-hand with other Ideanomics operating companies to develop new technologies for powertrain components and modular powertrain systems.
Scott is busy riding the new Energica Ego and Eva bikes in Manhattan today and will share his riding impressions on the bike when he returns. One thing though that I already know: I’m super jealous!
spring | Pictures: Ideanomics, Energica, via PR Newswire.
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