Ideanomics subsidiary Energica brings a better electric motorcycle to Japan, Australia and Pakistan

Rhea-AI Summary

On March 14, 2023, Ideanomics (NASDAQ: IDEX) announced its subsidiary Energica Motor Company has successfully delivered its first electric motorcycles to Japan and Australia, expanding its market reach. Energica's latest model, the Experia, is now available for test drives and purchase through certified dealers. Additionally, Energica has initiated entry into the Pakistan market and formed strategic partnerships to enhance its distribution network. The Asia-Pacific region is highlighted as a key growth market for the company, with significant growth potential in battery electric vehicle sales.

Positive

• Successful delivery of electric motorcycles to Japan and Australia.
• Introduction of the Experia model in new international markets.
• Strategic partnerships established for distribution in Japan and Australia.
• Expanding into the Pakistan market.
• Increasing dealer network with almost 140 dealers across five continents.
• Focus on police fleet electrification, including successful collaboration with the Indonesia National Police.

Negative

• None.

NEW YORK, March 14, 2023 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (EV), today announced that its subsidiary Energica Motor Company, maker of the world's best high-performance electric motorcycle, has delivered its first shipments to Japan and Australia.  

Additionally, Energica has recently entered and introduced its products to the Pakistan market.

Deliveries include Energica's newest model - the Experia. Motorcycles will be available for test drives and purchase at certified dealers.

• Energica has a strategic partnership with Estar & Co., Ltd. to import motorcycles into Japan. Estar & Co., Ltd. has opened a mono-brand showroom in Kobe, on the man-made island of Rokkō Island, and is developing a distribution network throughout the country. Estar & Co., Ltd will show the 2023 versions of the Energica range to the Japanese public at the Tokyo Motorcycle Show from 24 to 26 March.
• Energica has partnered with Australian Electric Motor Co. (AEMC) to import its electric motorcycles into Australia and New Zealand. From its headquarters on the Gold Coast, AEMC is developing a network of dealers throughout the continent which will allow all Energica enthusiasts to test and purchase the Modena-based company's bikes.

With almost 140 dealers in five continents, Energica continues to make it easier for customers to own and experience one of its high-performance electric motorcycles. 

The Asia-Pacific region is a key growth market for Energica, where two-wheelers comprise a large portion of the vehicle fleet.  The APAC region is experiencing the fastest growth and largest share of battery electric vehicle (BEV) sales worldwide, primarily driven by regulations restricting vehicle emissions.

Enabled by Ideanomics, Energica is taking action to become the brand of choice for customers across the APAC region seeking a high-performance electric motorcycle.

Energica is also focused on providing electric motorcycles to police fleets and is working with governments and police departments in all markets where the company is present. This includes providing Energica motorcycles to police departments to test drive.

Energica is exploring new opportunities to replicate its success with the Indonesia National Police which ordered 88 Energica motorcycles to escort international government delegates during the 2022 G20 Summit.

With ongoing support from Ideanomics, Energica is accelerating the disruption of the global two-wheeler market with its high-performance electric motorcycles. 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.

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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