InvestorNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Subsidiary to Collaborate in EV Transition

Ideanomics (NASDAQ: IDEX) and its subsidiary Ideanomics Energy is partnering with GridMarket and Coast Counties Peterbilt to deploy solar, battery storage and EV charging stations across California; the initial deployment will involve four sites. The project is facilitated by GridMarket  Platform, an energy project optimization platform and global marketplace that leverages big data and artificial intelligence to accelerate the global energy transition. GridMarket selected Ideanomics Energy through a competitive marketplace and process. According to the announcement, GridMarket was looking for an “optimal mix of solutions with reliable ROIs.” With its successful track record of charging infrastructure installations, Ideanomics Energy was identified as the clear best-fit implementation partner. Coast Counties Peterbilt and GridMarket have worked together before, beginning with utilizing the GridMarket platform to assess project feasibility and recommend energy solutions. Now the two companies work together to optimize viable microgrid projects aligned with site-specific needs and electrification goals. GridMarket works to help customers understand the complete breadth of their opportunity and then choose the best-fit vendor or vendors to meet their needs. Ideanomics Energy’s one-stop charging and energy solution provides everything from agnostic energy management software with modular charging and energy solutions to a broad range of services from initial planning, engineering, and installation to operations and maintenance of the deployed energy assets. “It is important to install reliable infrastructure that fits to the specific strategy and needs of individual fleet customers,” said Ideanomics VP of energy solutions Jan Freimann in the press release. “We don’t believe in one-size-fits-all. Instead, we deploy custom-tailored solutions to minimize costs, increase reliability, and limit uncertainty for customers like Coast Counties Peterbilt. Thanks to GridMarket, our team has the opportunity now to support Coast Counties Peterbilt’s transition to electrification and a greener future.”

To view the full press release, visit

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

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

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