Ideanomics
 | |
| Formerly |
|
|---|---|
| Company type | Public |
| Nasdaq: IDEX Russell 2000 Index component | |
| Founded | 2004 (as China Broadband)[1]
2017 (as Ideanomics)[2] |
| Founders | Shane McMahon as China Broadband, Inc in 2004 Bruno Wu as Ideanomics, Inc. in 2017 |
| Headquarters | New York City |
Key people | Alf Poor (CEO) Shane McMahon (executive chairman) |
| Website | ideanomics |
Ideanomics, Inc. is a bankrupt electric vehicle company based in New York City.[3] It had five subsidiaries: VIA Motors, Solectrac, Treeletrik, Wave, and US Hybrid.
Ideanomics along with all of its subsidiaries filed for bankruptcy on December 4, 2024 in Delaware, with plans to sell all of its assets.[4]
History
[edit]Ideanomics was founded in 2004 by Shane McMahon.[5][6]
In October 2018, Ideanomics acquired a building at $5.2 million University of Connecticut campus in West Hartford to move its operations to newly acquired facility.[7]
In June 2021, Ideanomics was included in the broad-market Russell 3000 Index.[8] In the same month, it also acquired US Hybrid, zero-emission vehicle manufacturer.[9]
In August 2021, Ideanomics acquired Via Motors for US$630 million.[10] Previously, it had acquired US Hybrid, an electric powertrain components and fuel cell engines manufacturer; Solectrac, which is one of two electric tractor manufacturers in the United States; Wave, a wireless charging company.[11]
In March 2022, Ideanomics acquired Italian electric motorcycle manufacturer Energica.[12]
In July 2024, Ideanomics was delisted from Nasdaq for failure to meet the minimum bid price and market value of publicly held shares required by Nasdaq Listing Rules 5550(a)(2) and 5550(b)(2).[13]
In August 2024, a Patent Infringement lawsuit filed against IDEX/WAVE by WiTricity.
References
[edit]- ^ "Ideanomics Inc". Retrieved February 17, 2021.
- ^ "Founder's Story". Ideanomics, Inc. Retrieved 2021-01-20.
- ^ https://www.bloomberg.com/news/articles/2025-01-06/morgan-stanley-says-bankrupt-ev-firm-owes-10-million-deal-fee
- ^ Knauth, Dietrich (December 4, 2024). "EV investor Ideanomics files for bankruptcy to sell assets". Reuters. Retrieved December 4, 2024.
- ^ "IDEX | Ideanomics Inc. Company Profile & Executives - WSJ". www.wsj.com.
- ^ Wilson, Winter (November 13, 2020). "Electric Tractors Can Revolutionize Agriculture". CleanTechnica.
- ^ Porter, Mikaela (10 October 2018). "Ideanomics Closes on $5.2 Million Purchase Of Former UConn Campus In West Hartford". courant.com. Retrieved 2022-02-08.
- ^ "Ideanomics up pre-market as it sets eyes on Russell 3000 Index | Seeking Alpha". seekingalpha.com.
- ^ "Zero-Emission Vehicle Manufacturer US Hybrid Is Acquired | Los Angeles Business Journal". Los Angeles Business Journal. 6 June 2021.
- ^ "Ideanomics to buy VIA Motors for nearly $630 mln". Reuters. August 30, 2021.
- ^ "Ideanomics to buy EV fleet maker Via Motors in $450M all-stock deal". TechCrunch. 2021-08-30.
- ^ "Ideanomics Finalizes Energica Motor Company Deal". March 28, 2022.
- ^ https://www.sec.gov/Archives/edgar/data/837852/000110465922035657/tm229766d1_ex99-1.htm [bare URL]
External links
[edit]- Business data for Ideanomics, Inc.: