Ideanomics Invests $13M in Italian Electric Motorcycle Company, Energica
Ideanomics acquires a 20% stake in Energica, a leading manufacturer of high performance electric motorcycles
By: Ideanomics Inc.
"Energica has combined zero emissions EV technology with high-performance engineering synonymous with Italy's Motor Valley to create a range of exceptional products for the motorcycle market. It also has proprietary EV battery and DC fast-charging systems that have applications and synergies with Ideanomics Mobility. We are very impressed with Livia and her team, and we look forward to supporting them through their next phases of growth," said Alf Poor, CEO of Ideanomics.
The rapid increase of EV sales that began in 2019 has continued to gain momentum over the past year. The global high performance electric motorcycle market is growing at a CAGR of over 35% from 2019-2024. With its state-of-the-
"We are proud to be part of this unified global platform," says Livia Cevolini, CEO of Energica Motor Company S.p.A. "Ideanomics' network of innovative companies will help accelerate the growth and adoption of new EV technologies such Energica.. We look forward to leveraging Ideanomics to capture market share in the rapidly growing global electric motorcycle market."
For more information, visit: ideanomics.com and energicamotor.com.
Tony Sklar, SVP of Investor Relations