A Better EV for fleet operators: Ideanomics, VIA Motors bring the pioneering VTRUX® platform to Work Truck Week

Rhea-AI Summary

Ideanomics (NASDAQ: IDEX) and VIA Motors will showcase the VTRUX® class 3 electric work truck at the NTEA's Work Truck Week 2023 in March. The exhibit will also feature a partnership with Morgan Olson for the Class 2B Proxima vehicle. A press event on March 9 will include insights from CEOs Alf Poor and Bob Purcell about VIA's product line, charging solutions, and their collaboration with Google Cloud for fleet management. Innovations like containerized charging and ChargeBIG will be highlighted, aiming to accelerate the adoption of electric vehicles in commercial fleets.

Positive

• Introduction of VTRUX® class 3 electric work truck, enhancing product offering.
• Partnership with Morgan Olson for developing Class 2B Proxima, expanding market reach.
• Innovative charging solutions showcased, potentially attracting fleet operators.

Negative

• None.

NEW YORK, Feb. 28, 2023 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (EV), and its subsidiary VIA Motors, a U.S. based all-electric commercial vehicle manufacturer, will jointly exhibit at booth #5809 the NTEA's Work Truck Week 2023.

A Better EV for fleet operators: Ideanomics, VIA Motors bring the pioneering VTRUX® platform to Work Truck Week 

The Ideanomics and VIA booth will introduce the VTRUX^® class 3 electric work truck, featuring a Knapheide stake body. Visitors can also schedule a VIA ride and drive.

Additionally, VIA Motors is partnering with Morgan Olson to showcase their Class 2B Proxima with a VIA Skateboard. This vehicle is being developed in collaboration with EAVX, a business unit of the JB Poindexter & Co (JBPCO).

During a press event set for March 9 at 2 p.m., Alf Poor, Ideanomics CEO, and Bob Purcell, VIA Motors CEO, will share important updates on the VIA product line, Ideanomics's portfolio of charging solutions and Ideanomics's collaboration with Google Cloud to develop a better digital fleet management solution.

Bob Purcell will talk about VDRIVE™, VIA's skateboard platform, and VTRUX^®, VIA's flexible electric work truck and chassis. Representatives from Pegasus and EAVX have been invited to share their experience with VIA's product.

Alf Poor will explain how Ideanomics's portfolio of cutting-edge charging solutions are designed to unleash the full potential of VIA (or any) electric work truck.

• Containerized charging: a 20-foot shipping container that can charge up to 20 vehicles with up to 700 kilowatts per vehicle.
• ChargeBIG: A smart system can efficiently charge 36 vehicles at once – way more than any competing product. And it can scale quickly.
• WAVE wireless charging: A proven technology that provides opportunity charging, extending vehicle range. It is powering EV operations at Universal Studios Hollywood and America's largest electric bus fleet, and is being deployed by a leading e-commerce company.

He will also talk about how these charging solutions can be deployed faster and cheaper with Ideanomics's "as a Service" financing model.

With more than 2 million lines of code already developed, Alf Poor will also provide a first look at Ideanomics's new digital platform. The system will give fleet operators clear line of sight into the performance of all their EVs and charging solutions in real-time - no matter the make or model. This is a first for the industry.

Ideanomics is solving the complexity of fleet electrification, offering fleet operators everything they need to electrify faster, easier and more affordably all in one place.

About Ideanomics

Ideanomics (NASDAQ: IDEX) is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation, and financial services, we provide solutions needed for the commercial world to commit to an EV future. To keep up with Ideanomics, please follow the company on social @ideanomicshq or visit https://ideanomics.com.

Safe Harbor Statement

This press release contains "forward-looking statements" within the meaning of the federal securities laws. All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, involve known and unknown risks and uncertainties, and include the statement regarding the completion of the business combination within a certain period of time, if ever. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and uncertainties, such as risks related to: our ability to obtain necessary regulatory approvals and other risks and uncertainties disclosed under the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC website at www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Investor Relations and Media Contact

Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116 New York, NY 10018.
Email: ir@ideanomics.com

Theodore Rolfvondenbaumen
Communications Director
Email: trolfvondenbaumen@ideanomics.com

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SOURCE Ideanomics

FAQ

What will Ideanomics showcase at Work Truck Week 2023?

Ideanomics will showcase the VTRUX® class 3 electric work truck and partner with VIA Motors to highlight their Class 2B Proxima.

When is the Ideanomics press event during Work Truck Week?

The press event will take place on March 9, 2023, at 2 p.m.

What is the significance of the VTRUX® platform for Ideanomics?

The VTRUX® platform represents Ideanomics' commitment to accelerating the adoption of electric vehicles in commercial fleets.

Who will speak at the Ideanomics press event?

CEO Alf Poor and VIA Motors CEO Bob Purcell will provide updates on the product line and strategic initiatives.

How does Ideanomics plan to support fleet operators?

Ideanomics aims to support fleet operators through innovative charging solutions and a collaboration with Google Cloud for improved fleet management.