Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles, and its wholly owned subsidiary WAVE Inc., have reported a follow-on order for the WAVE 250kW wireless charging system. The order comes from Twin Transit and signals the advancement of WAVE’s market-leading technology. According to the announcement, Twin Transit will implement the systems to power the new Gillig battery-electric buses to begin service in 2023. Last year, Twin Transit installed its first WAVE 250kW high-power wireless charging system at the Mellen Street e-Transit Station to power its first two battery-electric buses. Twin Transit noted that the system has performed well beyond plug-in and overhead charging systems and was easy for its drivers to operate. WAVE is developer of high-power, wireless inductive charging solutions for medium- and heavy-duty commercial vehicles. “Twin Transit’s Mellen Street e-Transit Station is a model of the future for electric bus transit hubs,” said WAVE chief technology officer Mike Masquelier in the press release. “Clean, elegant, free of overhead and ground-based charging infrastructure, the station design is exactly what we envisioned when we set out to solve the problem of extending the range of electric buses to match that of diesel.”

To view the full press release, visit https://ibn.fm/27afr

About Ideanomics Inc.

Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation and financial services, the company provides the solutions needed for the commercial world to commit to an EV future. For more information about the company, please visit www.Ideanomics.com.

NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX

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