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-Energica, a subsidiary of Ideanomics, reinforces its position in the ASEAN region with its entry into the high-value markets of Japan and Australia

NEW YORK, Dec. 12, 2022/PRNewswire/ -- Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (EVs), today announces that its subsidiary Energica has begun selling its electric motorcycles from high performance in Japan and Australia. The first batch of motorcycles will arrive in both countries in the first quarter of 2023.

"Japan is a key market for us. Energica's presence in Japan was sealed in August at the eight hours of the Suzuka Circuit, where our bikes were acclaimed for their performance during numerous test laps in this prestigious and world-renowned racing race. resistance," said Livia Cevolini, CEO of Energica Motor Company. "Our partnership with Estar

Japan is a priority market for Energica, where almost 10.3 million two-wheelers are registered and more than 83,000 motorcycles over 250cc were sold in 2021, Energica's target market. EV demand in Japan is growing rapidly, driven by regulations restricting vehicle emissions and a rapidly growing EV charging network. However, established OEMs have slowly introduced high-performance electric motorcycles into the 250cc class. Energica will move quickly to fill this gap and become the high-performance electric motorcycle of choice for Japanese fans.

In 2020, Energica established a strategic partnership with Estar

In Australia, Australian Electric Motor Co. has partnered with Energica to offer a premium selection of electric motorcycles in Australia and New Zealand. Last year, motorcycle sales in these two countries reached their highest level in 15 years, with more than 100,000 new units sold, making these markets lucrative for further EV expansion.

"Ideanomics is committed to expanding Energica's footprint around the world," said Robin Mackie, CEO of Ideanomics Mobility. "This new entry into the Japanese and Australian markets will contribute to what we anticipate to be a strong fourth quarter and continued revenue growth over the long term."

Energica has a proven track record of supplying motorcycles to customers throughout the ASEAN region. The company recently partnered with UTOMOCORP to deliver 88 EsseEsse9 motorcycles to the Indonesian National Police. In addition, Treeletrik, a subsidiary of Ideanomics, provides after-sales support to Energica in the ASEAN region and has begun to collaborate with Energica on joint sales and marketing strategies.

In Europe and Asia-Pacific, Energica has added 12 new outlets since the beginning of the fourth quarter, bringing the total to 130 Energica dealers and importers worldwide. So far this year, Energica has sold 78% more motorcycles than in the same period of the previous year. In addition, Energica already has a significant order book for its new product offering: Green Tourer Experia.

With the continued support of Ideanomics, Energica is accelerating the disruption of the global two-wheeler market with its high-performance electric motorcycles. The company also provides technology and expertise to other industries through its Energica Inside business unit. 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.

About Ideanomics Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing vehicle, charging and financing solutions under one roof, we are the single partner needed to simplify the transition and operation of any EV fleet. To stay up to date with Ideanomics, follow the company on social media @ideanomicshq or visit https://ideanomics.com

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Contacts:

Ideanomics, Inc. Tony Sklar, SVP Investor Relations 1441 Broadway, Suite 5116, New York, NY 10018 ir@ideanomics.com

Theodore Rolfvondenbaumen, director of communicationsTrolfvondenbaumen@ideanomics.com

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