NEW YORK, March 8, 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 leading high-performance electric motorcycle, has started the third phase of its facility expansion in Modena, Italy.
Energica will add a new 12,370 square foot (1,150 square meter) facility dedicated to Energica Inside, research and development, and prototype development and testing.
"From the beginning, Energica has been a crucial leader in Italy regarding EV recruitment and innovation," says Livia Cevolini, CEO of Energica Motor Company. "Our reputation and know-how enables Energica to attract talented people from around the world who often choose to stay and build their career with us. We look forward to growing our facility, expanding our staff, and welcoming new people ready to make EV history."
Energica Inside is ready to help original equipment manufacturers (OEMs) in their EV transition and bring new products to market quickly and affordably. The business unit has several new projects underway in agriculture, marine and aviation and urban mobility. Its new facility will allow Energica Inside to take on even more projects, both for Ideanomics's portfolio of companies and other OEMs, all built around Energica's industry-leading design, engineering and technology.
At Energica's research and development center, the company's expert teams continue progressing on the design and implementation of advanced EV technologies with the support of Ideanomics.
"One year ago, Ideanomics acquired Energica. As part of our family, they transformed remarkably fast into a globally recognized brand known for making the best electric motorcycles," says Robin Mackie, Chief Operating Officer, Ideanomics. "All of us at Ideanomics are committed to supporting the growth of Energica and enabling them to make and sell more electric motorcycles."
Energica is also making progress on expanding its manufacturing and assembly facilities, including a target for automation which will allow the electric motorcycle manufacturer to deliver on increased market demand.
Within the APAC region, Energica is experiencing sustained growth, including its first deliveries into Japan and Australia. The United States and Europe also remain strong markets.
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.
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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