– Ideanomics affiliate Energica showcases its 2023 product range and updates services and strategy at Milan Motorcycle Exhibition

NEW YORK, Nov. 8, 2022 /PRNewswire/ — Ideanomics (Nasdaq: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles (EVs), today announces that its subsidiary Energica will introduce its 2023 product lineup, a total of ten motorcycles, at EICMA. Energica CEO Livia Cevolini and other Energica executives will be in attendance, sharing more information about product variants, technology, service updates and the Energica Inside business unit.

“For more than a decade, Energica has played an increasingly important role in EICMA,” says Energica CEO Livia Cevolini. “Our growing presence at this event reflects the success of Energica. We have experienced rapid growth in almost all the countries where we sell our products, we have entered new and interesting markets and we have celebrated four years in the Enel MotoE FIM World Cup. â„¢ I look forward to sharing at EICMA how Energica will build on this remarkable track record.”

The new Experia models, Ego , Eva Ribelle and EsseEsse9 , recently launched, will be exhibited. Energica continues to improve its products with innovative technology upgrades, ensuring that Energica motorcycles offer more power, torque and range than any other electric motorcycle on the market. Energica is also introducing an extended warranty that customers can purchase, covering the battery for a full five years, regardless of mileage.

Energica will also present a special edition of the Experia for police fleets, an exciting new market segment for the company. This specially adapted model is based on Energica’s supply of 88 EsseEsse9 motorcycles to the Indonesian National Police. With a newly expanded manufacturing capacity and a growing global distribution network, Energica is ready to supply police fleets anywhere in the world.

Focused on helping other industries to electrify faster, Energica Inside will offer EICMA attendees the opportunity to see the company’s innovative proprietary technology up close. The E2110 engine, designed jointly with the Italian company Mavel and Energica’s vehicle control unit, will be on display. The E2110 engine, which powers the Experia, has applications in the agricultural, maritime and aviation sectors.

“When Ideanomics acquired Energica, our goal was to help the company expand beyond its racing heritage,” says Robin Mackie, President of Ideanomics Mobility. “Today, I am proud that Ideanomics has enabled Energica to double its production capacity, introduce new models with greater market appeal, and win large fleet orders. The basis for this success is a simple fact: Energica makes the best electric motorcycles in the world.”

Year-to-date, Energica has sold 30% more motorcycles compared to the full year of 2021. Ideanomics forecasts strong and sustained demand for Energica motorcycles in the fourth quarter of 2022. In addition, Energica already has a strong portfolio of orders for its latest product offering: Experia.

With the continued support of Ideanomics, Energica is accelerating the disruption of the global two-wheeler market with its high-performance electric motorcycles. The company also offers its technology and expertise to other industries through its Energica Inside business unit. Ideanomics is solving the complexity of fleet electrification, giving fleet operators everything they need to electrify faster, easier and more affordably, all in one place.

About Ideanomics Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing vehicles, charging and financing solutions under one roof, we are the single partner needed to simplify the transition and operation of any electric vehicle fleet. To stay up to date with Ideanomics, follow the company on social media @ideanomicshq or visit https://ideanomics.com.

Forward-Looking Statements Any statement contained in this news release that does not describe historical facts may constitute a forward-looking statement within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act. 1934 Securities, as amended, including statements regarding the anticipated schedule for the filing of Form 10-K, the Company’s ability to return to Nasdaq’s requirements to continue trading, and other related matters. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions that involve known and unknown risks and uncertainties. Any forward-looking statements contained in this document are based on current expectations, but are subject to risks and uncertainties that could cause actual results to differ materially from those indicated, including, without limitation, risks and uncertainties related to the fact of the company’s failure to file Form 10-K on time; and other risk factors that are discussed from time to time in the company’s filings with the SEC. These and other factors are identified and described in more detail in the Company’s filings with the SEC, including, without limitation, the Company’s most recent Form 10-K and Form 10-Q. The company expressly disclaims any intention or obligation to update these forward-looking statements, except to the extent required by law.

Contacts: Ideanomics, Inc. Tony Sklar, SVP of Investor Relations 1441 Broadway, Suite 5116, New York, NY 10018 ir@ideanomics.com

Theodore Rolfvondenbaumen, Director de ComunicaciónTrolfvondenbaumen@ideanomics.com

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