Ideanomics Plans To Boost Stake In Energica Motor

Ideanomics Plans To Boost Stake In Energica Motor

Ideanomics Inc (NASDAQ: IDEX) plans to launch a voluntary conditional tender offer for Energica Motor Company S.p.A. shares to increase its investment to ~70%. Deal terms were not disclosed.

Ideanomics continues to expand its global footprint in the electric vehicle industry with its investments in the Italian electric motorcycle maker Energica.