Energica Gets A Financial Boost From Ideanomics

Energica Motor Company S.p.A. (“Energica”) announces that today it has signed an investment agreement with Ideanomics, Inc. Ideanomics is a global company with a headquarters in the U.S., and has been investing heavily in the EV space. With the investment of €10,909,091, Ideanomics will ultimately hold a 20% stake in the company’s share capital.

 

We are proud to be part of this unified platform of which we fully share the vision”, says Livia Cevolini, CEO of Energica Motor Company S.p.A. “The creation of a network of innovative companies can only accelerate the growth and adoption of new technologies such as sustainable mobility that sees us among the leaders. We are confident to make our contribution derived from decades of experience in the field of high-performing electric motorcycles . The investment will give further strength to the Energica growth already underway in recent years thanks to the innovations brought to our products within the racing experience in MotoE.”

”Energica has combined zero emission EV technology with the pedigree of high-performance mobility synonymous with Italy’s Motor Valley to create a range of exceptional products for the high-performance motorcycle market. To support its products, it has developed proprietary EV battery and DC fast-charging in-house that has applications and synergies with our broader interests in the global EV sector. We were very impressed with Livia and her team throughout our discussions, and we are very pleased to support them through their next phase of growth” said Alf Poor, CEO of Ideanomics.

It’s good to see large investments like this and Polaris forming a partnership with Zero Motorcycles to further the technology in electric mobility.