Ideanomics
Ideanomics is a publicly traded holding company (NASDAQ: IDEX) that aggregates EV subsidiaries — including WAVE (inductive charging), Solectrac (electric tractors), VIA Motors (delivery EVs), US Hybrid (power electronics), and Energica (electric motorcycles) — to deliver integrated vehicles, charging infrastructure, and financing to commercial fleet operators across transit, ports, warehousing, and agriculture.
- Company typePublic
- Founded2004
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Ideanomics does
Ideanomics (NASDAQ: IDEX) is a publicly traded holding company headquartered at 1441 Broadway, New York, that aggregates operating businesses serving the commercial electric vehicle value chain. The group is organized around three pillars — Ideanomics Mobility (vehicle procurement and fleet management), Ideanomics Energy (charging infrastructure design, engineering, installation, operations, and maintenance), and Ideanomics Capital (Vehicle- and Charging-as-a-Service financing). Underlying technologies include WAVE's proprietary wireless inductive charging pads (125kW to 500kW and higher, with no moving parts and all-weather operation), Solectrac's 22kWh battery-electric tractors (3-6 hour runtime, 220VAC charging), VIA Motors' modular electric skateboard platform for last-mile delivery, US Hybrid's power conversion and near-zero-emission natural gas parallel hybrid powertrains (with V2V charging), and Energica's high-performance electric motorcycles. The company also retains Mobile Energy Global (China fleet financing) and the Delaware Board of Trade (alternative trading system) within its portfolio.
The business model is predominantly enterprise direct sales of high-ticket hardware and infrastructure to commercial fleet operators, transit authorities, ports, warehouses, and agricultural customers. Pricing is largely quote-based for fleet electrification packages, with one disclosed unit price (Solectrac e25 at $25,800 base). Revenue is complemented by professional services (design, installation, O&M) and managed-service financing programs — including a reported $14B umbrella facility with Dasheng Licheng Financial Leasing for Chinese fleet deployments — that the company is positioning as a Vehicle/Charging-as-a-Service layer to lower upfront capital barriers. Customer logos are concentrated in U.S. public transit (AVTA, Twin Transit Authority, CCCTA), with additional deployments targeting Schneider National and Kōkua Hawai'i Foundation.
The company's growth profile has reversed sharply: revenue reportedly peaked near $114M in 2021 before falling to roughly $19M in 2022 and $15M in 2023, with negative gross profit and deeply negative EBITDA and net income over the trailing period. A $20M financing in 2022-11 and a NASDAQ bid price compliance extension to 2023-05-15 underscore ongoing liquidity and equity-market pressure. The investment proposition rests on (a) the technical differentiation of WAVE's inductive charging and the WAVE CEO/CTO's co-chair role on the SAE J2954 Heavy Duty wireless charging standards committee, (b) an integrated vehicles-plus-charging-plus-financing bundle that is rare among pure-play EV hardware vendors, and (c) operational reach across the U.S., Europe, China, and Malaysia — offset by execution risk on portfolio integration, declining top-line, and an absence of disclosed AI/software differentiation.
Ideanomics firmographics
Firmographics- Name
- Ideanomics
- Legal name
- Ideanomics, Inc.
- Website
- https://ideanomics.com
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Ideanomics is a publicly traded holding company (NASDAQ: IDEX) that aggregates EV subsidiaries — including WAVE (inductive charging), Solectrac (electric tractors), VIA Motors (delivery EVs), US Hybrid (power electronics), and Energica (electric motorcycles) — to deliver integrated vehicles, charging infrastructure, and financing to commercial fleet operators across transit, ports, warehousing, and agriculture.
- Ownership category
- akta.pro rank
Ideanomics industry classification
Industry- Product category
- Commercial Electric Vehicles and Fleet Electrification
- NAICS
- Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Electrical Equipment, Appliance, and Component Manufacturing (335)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Motorcycles, Bicycles & Parts (3751)
- akta.pro primary industry
- EV Fleet Management & Charging Solutions (THADAKAJ)
- akta.pro secondary industries
- Managed EV Charging Software (Residential, Fleet, Workplace) (EUAFAMAA), Bidirectional Charging Hardware (Onboard/Offboard Chargers, Inverters, EVSE) (EUAFAMAC), EV Platform/Skateboard & Chassis Integration Manufacturing (IMACACAI), Integrated Fleet Spend Platforms (Fuel+Toll+EV+Expenses) (TLABAMAL), EV Charging Equipment Installation & Commissioning (AC/DC, Depot/Fleet) (TLAKAMAE)
Keywords
Where Ideanomics is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Ideanomics business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Electric Vehicle Sales: Sale of electric vehicles including trucks, buses, tractors, and motorcycles through subsidiary companies. Revenue generated from direct sales of vehicles to fleet operators and commercial customers.
- Wireless Charging Systems: Sale and deployment of WAVE wireless inductive charging infrastructure to transit authorities and fleet operators for medium- and heavy-duty electric vehicles.
- Fleet Electrification Services: Comprehensive charging and energy products and services including design, engineering, installation, operations and maintenance for commercial fleet operators transitioning to electric vehicles.
- Financing Solutions: Vehicle- and Charging-as-a-Service financing programs that enable fleet operators to access EV solutions without large upfront capital investments. Includes umbrella financing programs for fleet operators.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | One time/ perpetual license | Solectrac e25 Compact Electric Tractor base configuration |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Ideanomics product offering
Product offeringCore offering
Ideanomics sells integrated commercial fleet electrification solutions that combine electric vehicles (transit buses, trucks, tractors, delivery vans, motorcycles, and scooters), wireless and plug-in charging infrastructure (including its proprietary WAVE inductive charging platform), and financing programs (Vehicle- and Charging-as-a-Service) to enterprise fleet operators and public transit authorities. The offering is delivered through operating subsidiaries in the United States, Europe, and China, targeting transit, ports, warehousing, and agriculture sectors.
Product overview
Ideanomics is a global technology and mobility company focused on accelerating the commercial adoption of electric vehicles through an integrated, end-to-end electrification platform. The company operates through two main divisions: Ideanomics Mobility (providing vehicle procurement, fleet management, and financial solutions) and Ideanomics Energy (offering charging infrastructure design, installation, and operations). The portfolio includes seven operating companies: WAVE (wireless charging systems 125kW-500kW+), Solectrac (electric tractors with 22kWh battery, 3-6 hour runtime), US Hybrid (power conversion systems and natural gas hybrid powertrains), VIA Motors (modular electric skateboard platform for last-mile delivery), Energica (Italian electric motorcycles), Treeletrik (Malaysian electric scooters/mopeds), and DBOT (Delaware Board of Trade for capital markets services). The company serves commercial sectors including transit, ports, warehouses, and agriculture, providing vehicles, charging technology, and financing as a turnkey electrification solution.
Differentiator
Problem solved
Functional benefit
Brands
- Ideanomics Mobility: Fleet electrification solutions including vehicles and charging technology
- Ideanomics Energy
- Ideanomics Capital
Products and services
- Ideanomics Mobility Provides integrated commercial fleet electrification solutions combining vehicles, charging infrastructure, and financial services to accelerate EV adoption for fleet operators.
- Ideanomics Energy Charging and energy partner offering comprehensive solutions including design, engineering, installation, operations, and maintenance services for commercial EV fleets.
- Ideanomics Capital Financing arm offering Vehicle- and Charging-as-a-Service programs to enable fleet operators to access EV solutions without large upfront capital investments.
- WAVE Wireless Charging Leading provider of inductive (wireless) EV charging solutions for commercial fleets, delivering high-power charging pads ranging from 125kW to 500kW and higher for transit buses, warehouse vehicles, shuttle services, and seaports.
- Solectrac Electric Tractors American manufacturer of 100% battery-powered electric tractors for agriculture and utility applications, including the e25 compact tractor with 22kWh battery pack offering 3-6 hours of runtime.
- US Hybrid Power Conversion Systems Manufacturer of power conversion systems for commercial buses and trucks, including near-zero-emission natural gas-powered parallel hybrid powertrain technology with vehicle-to-vehicle (V2V) charging capability.
- VIA Motors Electric Vehicles Provider of cost-effective modular electric skateboard technology for last-mile delivery vehicles, featuring 100% electric commercial platform vehicles.
- Energica Electric Motorcycles Italian manufacturer of high-performance electric motorcycles, including the Experia model and other sport motorcycles.
- Treeletrik Electric Scooters Malaysian manufacturer of electric scooters and mopeds for urban transportation.
Quantifiable outcome
- Fleet operators can shift charging to off-peak hours for lower electricity costs
- +2 more outcomes
Companies that use Ideanomics
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Ideanomics technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Ideanomics partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- FinTech ConnectorminorIdeanomics and Delaware Board of Trade partnership with NYC-based FinTech Connector, the exclusive professional membership network connecting FinTech startups and innovators with global professionals, organizations, and investors. Ideanomics gained access to a network of industry leaders and innovators for developing businesses and products.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Ideanomics competitors and assessment
Company assessmentMarket position
Weaknesses5 records
Competitive moat5 records
Key risks2 records
Key highlights6 records
Customer concentration
Ideanomics social profiles
Digital presenceIdeanomics financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ideanomics leadership team
Management profileNumber of profiles
Profiles18 records
Ideanomics subsidiaries and ownership
Company hierarchySubsidiaries8 records
Ideanomics funding detail
Funding detailFunding overview
Funding rounds6 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ideanomics M&A and investment
M&A and investmentM&A10 records
Investments7 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ideanomics
What does Ideanomics do?
Ideanomics sells integrated commercial fleet electrification solutions that combine electric vehicles (transit buses, trucks, tractors, delivery vans, motorcycles, and scooters), wireless and plug-in charging infrastructure (including its proprietary WAVE inductive charging platform), and financing programs (Vehicle- and Charging-as-a-Service) to enterprise fleet operators and public transit authorities. The offering is delivered through operating subsidiaries in the United States, Europe, and China, targeting transit, ports, warehousing, and agriculture sectors.
Is Ideanomics a public or private company?
Ideanomics is a public company. It is classified as public and is currently operating.
When was Ideanomics founded?
Ideanomics was founded in 2004. It employs 51 to 100 people.
Where is Ideanomics based?
Ideanomics is headquartered in New York, United States, in the North America region.
How does Ideanomics make money?
Four revenue lines are on record. Electric Vehicle Sales are the primary driver. The others are wireless Charging Systems, fleet Electrification Services and financing Solutions.
Does Ideanomics have an API?
No public API is recorded for Ideanomics.
What industry is Ideanomics in?
Ideanomics's product category is Commercial Electric Vehicles and Fleet Electrification. Its primary akta.pro industry code is THADAKAJ, EV Fleet Management & Charging Solutions, with a secondary code of EUAFAMAA, Managed EV Charging Software (Residential, Fleet, Workplace). Its NAICS code is 33632 and its SIC code is 3600.