Ideanomics held a press and analyst day on April 11, 2022, at the NASDAQ MarketSite location in New York City following the company’s March announcement that it had finalized the acquisition of Energica Motor Company.
Ideanomics and Energica executives held their first joint investor presentation to showcase the companies’ shared vision for the future and how Energica fits into the broader Ideanomics mission. Attendees were able to see Energica’s entire line-up of electric motorcycles, including the Energica Ego, Energica Eva Ribelle and Energica EsseEsse9. The event was widely attended by analysts and media alike.
The event, which was themed “EVolving the Road Ahead”, commenced with a ride of the Energica motorcycles by Ideanomics’ Executive Chairman Shane McMahon and President of Mobility Robin Mackie and Energica US CEO, Stefano Benatti, to symbolize the Italian and American companies coming together in a location as iconic as Times Square.
“As a result of this acquisition, Ideanomics is uniquely positioned to benefit from the increasing demand for electric, two-wheeled vehicles” said Shane McMahon, executive chairman of Ideanomics. “Energica’s high-performance electric motorcycles, growing dealer network and powertrain applications will allow us to leverage vehicle applications across other Ideanomics companies and customers, while supporting the next phase of growth for Energica.”
During the investor presentation, Ideanomics CEO Alf Poor discussed how Energica brings technology, economies of scale and strong leadership to the Ideanomics family. Energica CEO, Livia Cevolini, discussed Energica’s key advantages, unique selling propositions and how the company will grow its business with support from Ideanomics. Carlo Iacovini, GM of Energica Inside, touched on the company’s goals for 2022 and formally introduced the market to Energica Inside – a new business unit dedicated to the development and production of powertrains, battery assembly and technology for electric vehicles. Energica Inside is positioning itself as the gateway to the electric transition in multiple industries, bringing Energica’s decade of experience in electric mobility.
“Energica is a well-established company that brings much to the table now that it is under the Ideanomics umbrella,” said Robin Mackie, President of Ideanomics Mobility. “Their technologies and solutions will support product development for our other operating companies and our combined supply chain buying power will improve access to components and batteries so we can build more Energica bikes faster. In addition, Energica’s experienced leadership team will be an asset to the entire Ideanomics organization, and we are thrilled to have them on board.”
“At Energica, we are excited to support Ideanomics’ range of electrification solutions in order to create a global power player in the EV space across multiple verticals,” said Livia Cevolini, CEO of Energica. “Our bikes have more power, torque and range than our competitors, and with our competitive price point, we are uniquely positioned to capture a large percentage of 0-emission motorcycle enthusiasts. With our growing sales, exceptional products and new Energica Inside business unit, we will work hand in hand with other Ideanomics operating companies to develop new technologies for powertrain components and modular powertrain systems.”