Ideanomics Announces Q2 Earnings & Appoints Advisor to Ideanomics' MEG and Medici Motor Works
2020 Q2 Tuesday, August 11, 2020.
Asia-based Harvest Will Act as an Advisor to Ideanomics' MEG and Medici Motor Works
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NEW YORK, -- Ideanomics is pleased to announce that Harvest Global Investments (HGI) and its affiliate Harvest Alternative Investments will act as an advisor to Ideanomics with an emphasis on its Mobile Energy Global (MEG) division and H2FC and BEV Medici Motor Works truck and specialty vehicles business. Dr. Henry XueJun Zhao will assume the advisory position, as well as become a board member to Medici Motor Works, to assist Ideanomics with maximizing shareholder value for its EV divisions. The types of advisory activities include the potential to assist with capital raising, M&A, and other types of investment banking services for MEG and Medici Motor Works.
Additionally, as an advisor to Ideanomics, HGI will offer its senior management's experience in assisting growth companies for more than 25 years, allowing it to participate closely in areas such as business strategy and scaling operations.
"ESG-focused funds and other mainstream funds have begun making significant investments into EV and clean energy initiatives to take advantage of the significant momentum of clean tech, particularly as it pertains to the automotive industry," said Dr. Henry XueJun Zhao, Chairman of Harvest Fund Management, the parent company of Harvest Global Investments. "Chairman Wu has invested significant time and resources in bringing his vision to a reality, and we look forward to working with Ideanomics Board of Directors and Management regarding the expansion of its EV divisions as they begin the next growth phase of their businesses".
Dr. Henry Zhao is the Chairman of Harvest Fund Management Co., Ltd. He has worked in the financial industry for over 25 years. Henry joined Harvest in 2000 and is the longest-serving CEO in the asset management industry in China. Dr. Zhao holds a PhD from Peking University, a master's degree in economics, and a bachelor's degree in electronic engineering.