Ideanomics Completes Acquisition of US Hybrid

June 11, 2021

Ideanomics (NASDAQ: IDEX) completed its previously announced definitive agreement to acquire 100% of privately held US Hybrid, a manufacturer and distributor of electric powertrain components and fuel cell engines for medium and heavy-duty commercial fleets. Ideanomics plans to integrate US Hybrid’s technology into its Ideanomics Mobility ecosystem to accelerate commercialization of zero-emission transportation solutions.

Buyers
Ideanomics
Targets
US Hybrid
Industry
Transportation
Location
California, United States
Transaction Type
Buyout

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