Ideanomics completed the acquisition of US Hybrid.

Ideanomics, a service provider which facilitates the adoption of electric vehicles, completed its acquisition of US Hybrid, a company that designs and manufactures power conversion systems. Financial terms were not disclosed. "Ideanomics' global platform will provide us with the opportunity to unlock the commercialization and sales potential of our American-made zero-emission products within Ideanomics and our broad customer base. This combination of our businesses provides for a bright future in zero-emission transportation, where we continue to innovate for the future, while scaling our commercial products to meet the immediate demands of the industry," Gordon Abas Goodarzi, US Hybrid CEO.