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Ideanomics
Bankrupt mobility technology company From Wikipedia, the free encyclopedia
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Ideanomics, Inc. is a bankrupt electric vehicle company based in New York City.[3] It had five subsidiaries: VIA Motors, Solectrac, Treeletrik, Wave, and US Hybrid.
Ideanomics along with all of its subsidiaries filed for bankruptcy on December 4, 2024 in Delaware, with plans to sell all of its assets.[4]
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History
Ideanomics was founded in 2004 by Shane McMahon.[5][6]
In October 2018, Ideanomics acquired a building at $5.2 million University of Connecticut campus in West Hartford to move its operations to newly acquired facility.[7]
In June 2021, Ideanomics was included in the broad-market Russell 3000 Index.[8] In the same month, it also acquired US Hybrid, zero-emission vehicle manufacturer.[9]
In August 2021, Ideanomics acquired Via Motors for US$630 million.[10] Previously, it had acquired US Hybrid, an electric powertrain components and fuel cell engines manufacturer; Solectrac, which is one of two electric tractor manufacturers in the United States; Wave, a wireless charging company.[11]
In March 2022, Ideanomics acquired Italian electric motorcycle manufacturer Energica.[12]
In July 2024, Ideanomics was delisted from Nasdaq for failure to meet the minimum bid price and market value of publicly held shares required by Nasdaq Listing Rules 5550(a)(2) and 5550(b)(2).[13]
In August 2024, a Patent Infringement lawsuit filed against IDEX/WAVE by WiTricity.
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References
External links
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