Announced
Completed
Financials
Tags
Automobiles
Single Bidder
United States
electric commercial vehicles
Acquisition
Friendly
Majority
Private
Domestic
Completed
Synopsis
Ideanomics, a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, completed the acquisition of VIA Motors, a manufacturer of electric commercial vehicles, for $630m. "This is a transformative deal for Ideanomics. As we continue to grow into a leader in the commercial EV space VIA Motors adds valuable brand cachet and an exceptional manufacturing discipline to our portfolio. Bob's proven executive leadership has helped establish VIA as a market disruptor and we are excited to welcome him and his team to the Ideanomics family," Shane McMahon, Ideanomics Executive Chairman.
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