Energica Inside Signs Agreement with Nimbus to Provide Customized Electric Powertrain
Energica Inside, a business unit of Energica Motor Company, has signed an agreement to provide technology to electrify the historic Nimbus Model C motorcycle, produced by Fisker and Nielsen from 1919 to 1960. This agreement aims to support Nimbus's release of the classic Model C as an electric motorcycle, leveraging Energica's technical know-how and IP. The General Manager of Energica Inside, Carlo Iacovini, expressed enthusiasm for this partnership.
The collaboration between Energica Inside and Nimbus to electrify the Nimbus Model C motorcycle represents a strategic move that taps into the growing trend of electric vehicle (EV) adoption and the nostalgia market. The partnership leverages Energica's expertise in e-mobility, potentially expanding their market reach and diversifying their product portfolio. This venture may appeal to both EV enthusiasts and classic motorcycle aficionados, potentially creating a new niche market.
From a market perspective, such collaborations can serve as a catalyst for Ideanomics' stock performance. Investors often respond positively to innovative ventures, especially in the EV market, which is projected to grow significantly. The long-term success of this initiative could hinge on consumer acceptance of electric versions of classic vehicles and the ability of Energica Inside to maintain the Model C's iconic status while ensuring performance and reliability.
Financially, the deal between Energica Inside and Nimbus could impact Ideanomics' revenue streams. By entering the niche segment of electrifying classic motorcycles, Energica Inside is potentially opening up new revenue channels. It's important to note that such projects typically involve significant R&D expenditure upfront and the return on investment (ROI) will be critical to assess. The market will be looking for future financial disclosures to gauge the impact of this agreement on Ideanomics' balance sheet.
Considering Ideanomics is a NASDAQ-listed company, the market's reaction to this news could be reflected in stock price movements in the short term. However, it's the long-term financial results, such as increased sales and market share, that will ultimately determine the sustainability of this venture's impact on the company's financial health.
This initiative aligns with global efforts towards sustainability and reducing carbon emissions. Electrifying classic motorcycles like the Nimbus Model C not only preserves automotive heritage but also contributes to the reduction of greenhouse gas emissions by transitioning from internal combustion engines to electric powertrains. This move could enhance Energica's and Ideanomics' brand image as innovators in sustainable transport solutions.
However, the environmental impact of such projects is not solely positive. The sustainability of electric vehicles is also dependent on the sources of electricity and the life cycle of batteries. It's crucial for Energica Inside to ensure that the environmental benefits of electric motorcycles are maximized by considering the entire supply chain and end-of-life processes for their products.
01/30/2024 - 08:00 AM
Modena, Italy, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Energica Inside, the business unit of Energica Motor Company (a majority-owned subsidiary of Ideanomics (NASDAQ: IDEX )) dedicated to developing innovative solutions for e-mobility leveraging Energica’s unique technical know-how and IP, has signed an agreement to provide technology to help electrify the historic Nimbus Model C motorcycle.
Nimbus is a motorcycle brand with a rich history, having been produced by Fisker and Nielsen of Copenhagen, Denmark, from 1919 to 1960. Nimbus has successfully achieved near-legendary status in Denmark and around the world due to its iconic design and character. As part of the agreement Energica Inside will support Nimbus’s release of the classic Model C as an electric motorcycle.
Carlo Iacovini, General Manager of Energica Inside , expressed enthusiasm about the collaboration, stating, "Energica Inside is ready to assist Nimbus in achieving their climate goals and electrifying their product. Our solutions leverage Energica's industry-leading EV design, engineering, and technology, providing a customized and proven solution for Nimbus."
Energica Inside's team of engineers and designers conducted a thorough technical assessment of the project to validate the definitive powertrain specification. This collaboration underscores Energica Inside's dedication to positively advancing technology across various sectors, including agriculture, maritime, aviation, racing, and urban mobility.
Carlo Iacovini further emphasized, "Technological innovation is the key to achieving zero emissions in electric mobility, and Energica Inside is at the forefront of driving this change."
The Agreement has been met with excitement at Nimbus Motorcycles , with Ib Mogensen, Chairman of the Board, expressing his satisfaction, "We find it excellent to combine the historic Danish motorcycle design with the superb Italian powertrain technology from Energica."
This collaboration is more than a partnership, it not only pays homage to the heritage of Nimbus motorcycles but also showcases the potential for integrating modern EV technology into classic designs, contributing to a more sustainable and eco-friendly future for the automotive industry.
About Energica Motor Company
Energica Motor Company S.p.A. is the leading manufacturer of high-performance electric motorcycles. With a focus on cutting-edge technology and sustainable mobility solutions, Energica continues to push the boundaries of electric vehicle innovation. For more information, visit www.energicamotor.com.
About Ideanomics
Ideanomics is a global group with a simple mission: accelerating the commercial adoption of electric vehicles. By bringing together vehicles, charging and financing solutions under one roof, we are the one-stop partner needed to simplify the transition to and operation of any EV fleet. To keep up with Ideanomics, please follow the company on social @ideanomicshq or visit www.ideanomics.com.
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Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
ir@ideanomics.com
The agreement is about providing technology to electrify the historic Nimbus Model C motorcycle.
The General Manager of Energica Inside is Carlo Iacovini.
The ticker symbol for Ideanomics is IDEX.
The Nimbus Model C motorcycle was produced from 1919 to 1960.
The Nimbus Model C motorcycle was produced by Fisker and Nielsen of Copenhagen, Denmark.
The aim of the agreement is to support Nimbus's release of the classic Model C as an electric motorcycle.
Energica leverages its unique technical know-how and intellectual property (IP) to develop innovative solutions for e-mobility.
Energica Inside is the business unit involved in the agreement to provide technology for electrifying the Nimbus Model C motorcycle.
