Energica announces Energica Week 2022: an electric gathering of the global Energica community

MODENA, ITALY – August 29, 2022 – (Motor Sports NewsWire) – Energica Motor Company, a subsidiary of Ideanomics (NASDAQ: IDEX) and a leading company of high-performing electric motorcycles, announced today that the dates for Energica Week 2022 are confirmed for Sept. 5 – 9, 2022. This annual get-together of the Energica community was born in 2021 and has laid the foundation to become the main event for the entire circle of Energica owners worldwide. Energica is also celebrating exponential growth due to an influx of expertise and resources from Ideanomics in sales, new dealers, market development and factory and workforce expansions.

Throughout Energica Week, various activities will be organized to celebrate the Italian company’s brand and the community that has embraced a strong belief in an electric future: customers, dealers, students, investors and business partners.

The week-long festivities will begin with a ribbon cutting on Monday, Sept. 5 at Energica Headquarters in the heart of the Italian Motor Valley, together with Ideanomics, the Energica board, government representatives and Energica business partners and sponsors. During this inaugural day, all the guests will have the unique opportunity to preview the expanded space of Energica headquarters. The Modena-based company is doubling its headquarters to expand the production area and offices. With almost 8.000 sqm, the new factory will be twice as big as the current facility.

The rapid build-up throughout this year forecasts far greater opportunity particularly with the launch of the new Experia electric green tourer motorcycle this summer, a wholly new bottom-up design that has been universally acclaimed by the international motorcycle press. Instances of progress this year include workforce increases by over 20% enabling production expansion in 2023 and beyond and further development in both the United States and the Rest of the World markets.

For the U.S. market:

• Retail sales year-to-date are five times greater than the previous year.
• New dealer agreements have expanded the U.S. network from 14 to 25 dealers, including nine new states: Colorado, Hawaii, New Jersey, New Mexico, Utah and Washington State.
• Pre-sale deposits have been received for over two months’ worth of Experia production.

For the Rest of the World markets:

• Retail sales increase 104% year-to-date compared to the previous year with an additional two months’ production for the Experia spoken for by…