Ideanomics (NASDAQ: IDEX), a global company focused on the convergence of financial services and industries experiencing technological disruption, has announced that it has joined CALSTART as a full member. CALSTART is a nonprofit with more than 270 members around the country; the organization facilitates the development of the clean transportation technology industry. The membership allows IDEX access to CALSTART and stakeholder leadership as well as increased project partnership engagement and hands-on, participatory industry connections. Other members of the nonprofit include manufacturers, suppliers, fleets, technology firms, academic institutions, government agencies, NGOs, power companies, fuel providers, banks and more. In addition, CALSTART offers a specific proficiency at providing early adopters with leadership, connections and funding to speed up the deployment of game-changing technologies, which could prove to be beneficial as Ideanomics works on increasing global commercial EV adoption. Ideanomics anticipates that CALSTART membership will support its wholly owned subsidiaries, Wireless Advanced Vehicle Electrification (“WAVE”) and Medici Motor Works, in addition to its portfolio company Solectrac. “CALSTART provides Ideanomics with the network and expertise that will help us accelerate the adoption of WAVE’s technology,” said Ideanomics CEO Alf Poor in the press release. “The benefits of WAVE’s wireless charging systems are aligned with CALSTART’s mission, and with this membership, we can enhance our national and global programs.”
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Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. The company’s Mobile Energy Global (“MEG”) division is a service provider that facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy-management solutions under its innovative sales to financing to charging (“S2F2C”) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, MEG and Ideanomics Capital provide the company’s global customers and partners with leading technologies and services designed to improve transparency, efficiency and accountability, and provides IDEX shareholders with the opportunity to participate in high-potential, growth industries. For more information about the company, please visit www.Ideanomics.com.
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