Ideanomics Pockets $5.5M Purchase Order From Global Environmental Products


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  • Ideanomics Inc (NASDAQ:IDEX) subsidiary US Hybrid bagged a $5.5 million purchase order from Global Environmental Products (GEP) for additional battery powertrain kits for electric street sweepers for California and other state fleets.
  • The delivery of the order is expected to occur in 2022. Financial terms were not disclosed.
  • The battery-electric powertrain kits in this new purchase order will include the battery, powertrain, charger, economizer, and telematics.
  • In 2009, GEP partnered with US Hybrid to launch the first hybrid electric street sweepers in New York City and deployed an additional operation in Japan.
  • In 2021, GEP teamed with US Hybrid to deploy, fully electric, supercharged street sweeper operating in Brooklyn, New York.
  • Price Action: IDEX shares are trading lower by 1.09% at $1.36 on the last check Wednesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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