NewsRoom Articles - Page 60 of 62

ThursdayMar 18, 2021 2:55 pm

Ideanomics, Inc. (NASDAQ: IDEX) Targets Global Markets Providing Shareholders with High-Growth Opportunities

Ideanomics raised $400 million in the last few months for growth and investment opportunities IDEX recently signed an agreement with Italian-based high-performance electric motorcycle company Energica, to acquire at least 20% of the company Company CEO Alf Poor to address a presentation on EV technology at the KraneShares’ Future of Green ETFs Summit Ideanomics (NASDAQ: IDEX) is a global company focused on EV and fintech businesses. Founded in 2004 and headquartered in New York, Ideanomics currently spans operations in United States, China, Ukraine, and Malaysia. After raising $400 million in the past few months, the company is looking for high-growth…

WednesdayMar 17, 2021 3:00 pm

FedEx Corp. (NYSE: FDX) Pledges to Deploy only EVs by 2040

With climate change and its long-term effects becoming more apparent, several countries around the world have set ambitious green energy targets. Electric vehicle (“EV”) startups such as Tesla and established automakers such as Toyota showed that zero-emission energy vehicles were a viable mode of transport, kicking off a mass shift from internal combustion engine (“ICE”) vehicles to battery electric vehicles (“BEVs”). Consequently, several companies have committed to replacing their fleets with EVs in a bid to reduce their carbon footprint. FedEx (NYSE: FDX) is the latest company to announce that it will swap its gas-powered vehicles for zero-emission electric vehicles.…

MondayMar 15, 2021 2:32 pm

Ideanomics Inc. (NASDAQ: IDEX) Expands Global EV Footprint with Energica Investment, CALSTART Membership

The acquisition of 20% of Energica Motor Company S.p.A. compliments majority-owned Treeletrik’s business in the ASEAN market and continued investment in European-based OEM CALSTART will assist in growing Ideanomics’ wholly-owned subsidiaries – enhancing national and global programs Ideanomics Mobility is a part of a global commercial EV market expected to surpass $132 billion by 2022 Ideanomics (NASDAQ: IDEX), a global company that is facilitating the adoption of commercial electric vehicles and supporting next-generation financial services and fintech products, recently announced that it had acquired 20% of Energica Motor Company S.p.A. (“Energica”) for a consideration of $13.2 million. Energica develops 100%…

WednesdayMar 10, 2021 2:15 pm

Retired EV Batteries Find New Uses on Farms, in Factories

Unlike conventional gas-powered vehicles that run on an internal combustion engine (“ICE”), electric vehicles (“EVs”) are powered by rechargeable lithium-ion battery packs. EV battery technology is still relatively new, and battery makers, as well as EV firms, are working to develop designs that are cheaper, more energy dense and last longer. However, rechargeable EV batteries will degrade over time and after ten or 20 years, most EV owners have to replace the battery pack. So where do these used batteries go? They usually still maintain around 70–80% of their original capacity at this point. Although this isn’t enough to power…

MondayMar 08, 2021 2:41 pm

Ideanomics Inc. (NASDAQ: IDEX) Acquires 20% Stake in Italian Listed Electric Motorcycle Maker Energica

Ideanomics, Inc. (NASDAQ: IDEX) recently entered into an investment agreement promising to purchase over 6 million Energica ordinary shares using a subscribed-shares arrangement that priced each subscribed share at Euro 1.78 In total, IDEX would invest approximately 13 million dollars in the Italy-based manufacturer of all-electric high-performance motorcycles According to IDEX CEO Alf Poor, the investment was driven by Energica’s manufacture of high-performance products that produce zero emissions In 2020, Energica experienced a 187% increase in revenue compared to 2019, and there is high demand for Energica’s motorcycles in the U.S. Ideanomics (NASDAQ: IDEX), a global company focused on investing…

MondayFeb 22, 2021 11:42 am

PowerTap, an Investee Company of Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF) Announces USA Hydrogen Station Distribution Model

PowerTap Hydrogen Fueling has signed a definitive agreement with the Andretti Group to create an optimized network by leveraging the latter’s operational expertise and global reach PowerTap plans to have 500 operational hydrogen filling stations deployed across the country by the end of 2025 The existing business model's deployment of hydrogen stations expedites rollout due to the existing fuel operations on each site The hydrogen fuel cell vehicle market worldwide was valued at $651.9 million in 2018 and is expected to grow to over $42 billion by 2026 Stemming from the announcement made by Clean Power Capital (CSE: MOVE) (FWB:…

FridayFeb 19, 2021 12:12 pm

ev Transportation Services Inc.’s FireFly ESV Now Endorsed by Former Pro Golfer Ernie Els

The FireFly ESV is a highway-legal, application specific, essential services vehicle that is also all-electric with zero emissions The vehicle uses the safest lithium-ion battery technology with an expected lifespan of 10 years and a longer operating time per charge The 2021 FireFly ESV promises to be the best equipped ESV model yet Boston-based ev Transportation Services ("evTS"), a specialty vehicle manufacturer providing all-electric lightweight commercial utility vehicles and fleet management solutions, is changing how essential services management and urban e-mobility markets are handled via its highly versatile flagship product, the Firefly ESV (essential services vehicle). To promote the FireFly…

WednesdayFeb 10, 2021 3:29 pm

evTS Reveals Urban Delivery Focus for 2021, Additions to Board of Directors

ev Transportation Services (“evTS”) helps operators of essential services fleets with versatile vehicle solutions FireFly has a lower cost of ownership because of minimal operation and maintenance (O&M) costs FireFly ESV is a task flexible urban mobility solution that “goes fast, goes further and carries heavier loads” Additions to Board of Directors offer invaluable experience to help evTS prosper, grow into positive cash flow by end of 2021 ev Transportation Services (“evTS”) is a privately owned specialty vehicle manufacturer that produces purpose-built, all-electric, lightweight commercial utility vehicles and provides fleet management solutions primarily for the essential services transportation and urban…

FridayFeb 05, 2021 11:09 am

PowerTap, an Investee Company of Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF), Inks Hydrogen Fuel Deal with Andretti Group

California-based PowerTap Hydrogen Fueling Corp. has signed a definitive agreement with the companies collectively comprising the Andretti Group to locate PowerTap’s hydrogen station technology at select Andretti properties The Andretti Group will further help market PowerTap’s technology to third-party chain retailers, major oil companies and independent stations through the Andrettis’ deep network of automotive industry connections Clean Power Capital Corp., based in British Columbia, Canada, is a major investor in PowerTap, holding 90 percent equity interest as part of its mission to help build holdings in the health and renewable energy industries Clean Power announced in December that its appearance…

MondayDec 28, 2020 1:13 pm

ev Transportation Services Inc. Announces Launch of 2021 FireFly ESV

New EV designed to meet needs of essential services transportation market Vehicle updated with maintainability in mind, retains the best of previous models but includes enhanced features and accessories Improvements were focused on quality, driver comfort and creating a wide variety of rear-bed accessory options designed to fit user needs ev Transportation Services, a specialty vehicle manufacturer that produces purpose-built, all-electric, lightweight commercial utility vehicles and fleet-management solutions, has announced the launch of its new 2021 FireFly ESV (https://ibn.fm/Zd24G). The FireFly ESV(r) was created to meet the requirements of the essential services transportation and urban mobility markets, which is estimated to…

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