Ideanomics: Using AI and Blockchain
to Transform Transportation

While the news media focuses on electrification for passenger cars as the future of in the automotive industry, the EV revolution is happening right now in commercial and industrial fleet sectors. Battery Electric Vehicles (BEVs) have challenges providing the extended range car owners need, however, they are perfectly suited for limited-range commercial applications in cities and at industrial sites where dirty diesel engines currently dominate, doing more harm to our environment every day they are in service.

 

The challenge, is that fleets of electric buses, taxis, and local delivery trucks require significant infrastructure to operate effectively. Most cities and companies don’t have the financial wherewithal to transform from internal combustion fleets to zero-emissions vehicles on their own. That’s where Ideanomics (Nasdaq:IDEX) comes in.

 

Ideanomics is at the center of the EV revolution in China, combining deal origination and enablement with the application of technologies such as artificial intelligence, blockchain, and others as part of the next- generation of smart financial services. We’re the hub that brings vehicle and battery manufacturers together with fleet operators, electric utilities, municipalities, financial services companies and other partners. We work with them to develop comprehensive solutions where they make the most sense – ride sharing and taxi fleets, urban transit systems, short-haul trucking, and heavy equipment like mining and construction vehicles that operate in a very limited range. By enabling the transformation of these fleets, Ideanomics is leading the adoption of greentech and contributing to a brighter future for all.

 

Led by seasoned investor, media entrepreneur and philanthropist, Dr. Bruno Wu, Ideanomics is based on the insight that emerging technology companies need more than financing to succeed. He believed that by forming partnerships with them and providing a unified platform, he could help these companies accelerate their growth while facilitating the global adoption of innovative technologies with significant economic or environmental benefits. These views led to the creation of Ideanomics – a single company operated by experienced executives who are managing a portfolio of new technology companies and providing them with financing, operational and marketing resources, and acting as a strategic partner to promote their growth.

 

Ideanomics was founded in 2017 as a business transformation of an existing media company and is traded on NASDAQ under the ticker IDEX. Ideanomics is forging the new paradigm on how emerging technology companies grow and how industries embrace innovation. The company’s significant resources, including talent and partnerships, combined with portfolio synergies empower Ideanomics' partners to thrive and helps industries benefit from the evolution of technology.

 

Transportation is just one of the sectors in Ideanomics portfolio. With its investments and partnerships, the company curates innovation around the globe through centers that foster a pipeline of technological excellence in cleantech, fintech, tradetech, agritech, regtech, insuretech, playtech, healthtech, cyber security, and more.

 

The company is headquartered in New York, NY with offices in Beijing and Kuala Lumpur and operations in the U.S., China and South East Asia. 

 

For more information about Ideanomics, please visit www.ideanomics.com

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