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Ideanomics' WAVE Installs Another 250 MW Wireless Charging System

06-06-2021 09:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: David Joseph Marketing

NEW YORK, Ideanomics (NASDAQ: IDEX) announced its subsidiary WAVE, a leading developer of high-power inductive charging solutions for medium and heavy-duty vehicles, has completed another transit authority deployment, adding the Twin Transit Authority (TTA) in Chehalis, Washington to its growing list of transit fleet customers. TTA has adopted and completed installation of WAVE's 250-kilowatt high-power wireless charging system to help achieve their zero-emission goals.

One of the most significant barriers mass transit agencies face in the move to zero-emission electric vehicles is matching the typical driving range of diesel buses. WAVE's automated, cable-free system will be deployed in route to extend the range of TTA's first two battery-electric buses, representing a big leap forward in the agency's goal to make its entire 20 vehicle fleet carbon-neutral by 2030.

"Our organization sees this technology as a critical component of the future of electric bus operations, and we were determined to join forces with a company that was both easy to work with and had successful models of implementation" explained Twin Transit's Executive Director Joe Clark. "WAVE's inductive charging was by far the most efficient and effective solution, and the easiest for our drivers to operate. Perhaps most importantly, WAVE was willing to be a strategic, long-term partner."

News Link

https://investors.ideanomics.com/2021-06-03-Ideanomics-Announces-WAVEs-Inductive-Chargers-to-Power-Twin-Transit-Authority-in-Chehalis,-Washington

Ideanomics, Inc.
1441 Broadway, Suite 5116 New York, NY 10018
ir@ideanomics.com

Ideanomics is a catalyst for disruption to those industries where improvements in sustainability, transparency, and freedom of choice would have profound benefits on a global scale. The Ideanomics Mobility division is a service provider which facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy management solutions under our innovative sales to financing to charging (S2F2C) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, Ideanomics Mobility & Capital provide our global customers and partners with leading technologies and services designed to improve transparency, efficiency, and accountability, and our shareholders with the opportunity to participate in high-potential, growth industries.

The company is headquartered in New York, NY, with offices in Beijing, Hangzhou, and Qingdao, and operations in the U.S., China, Ukraine, and Malaysia.

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