Ideanomics completed the acquisition of a 70% stake in Energica Motor.

Ideanomics, a company focused on accelerating the commercial adoption of electric vehicles, completed the acquisition of a 70% stake in Energica Motor, a manufacturer and distributor of electric motorcycles. Financial terms were not disclosed. "Since we first announced our intention to acquire Energica last September, the company has continued to see growth and expansion across the US. By furthering our investment in Energica, we are expanding Ideanomics' offerings in the mobility sector at a time when electric two-wheelers are taking over the market in a truly exciting manner. As we've seen with Energica's game-changing growth plan including a growing dealer network in the US, there is proven demand for the product which will continue to capture more of market share in the months and years to come," Shane McMahon, Ideanomics Chairman.