Ideanomics (NASDAQ: IDEX) watched its shares lose a bit of ground first thing Tuesday, a day following its analyst day.
The big unveiling was held Monday at the NASDAQ MarketSite location in New York City following the company's March announcement that it had finalized the acquisition of Energica Motor Company, a leading manufacturer and distributor of high-performance 100% battery-powered electric motorcycles.
Ideanomics and Energica executives held their first joint investor presentation to showcase the companies' shared vision for the future and how Energica fits into the broader Ideanomics mission.
Attendees were able to see Energica's entire line-up of electric motorcycles, including the Energica Ego, Energica Eva Ribelle and Energica EsseEsse9.
The event, which was themed "EVolving the Road Ahead," commenced with a ride of the Energica motorcycles by Ideanomics' Executive Chairman Shane McMahon and President of Mobility Robin Mackie and Energica US CEO, Stefano Benatti, to symbolize the Italian and American companies coming together in a location as iconic as Times Square.
"As a result of this acquisition, Ideanomics is uniquely positioned to benefit from the increasing demand for electric, two-wheeled vehicles," said McMahon. "Energica's high-performance electric motorcycles, growing dealer network and powertrain applications will allow us to leverage vehicle applications across other Ideanomics companies and customers, while supporting the next phase of growth for Energica."
IDEX shares let go of two cents, or 1.7%, to 92 cents.
