Dear GC- Thank you for reading. Believe it or not I am trying me best to keep the page count down.
Lets talk IDEX-
First blush I thought it was Idexx Labs it is not.
It appears at first blush that a company Idex bought WAVE is really interesting .
Ideanomics subsidiary concludes a follow-on order for 28 wireless chargers
Sep. 22, 2021 7:18 AM ETIdeanomics, Inc. (IDEX)
Wireless Charging is one of the themes of the next whatever... 10 years.
- WAVE, a subsidiary of Ideanomics(NASDAQ:IDEX), finalized a multi-million dollar purchase order from the Antelope Valley Transit Authority ('AVTA') for28 wireless charging systems.
- WAVE wasacquiredby Ideanomics in January 2021 and allows transit agencies to electrify their fleets with in-route charging.
- This order comes after the 2019 announcement that AVTA would become the first fully electric fleet powered by wireless chargers, directly resulting from its partnership with WAVE.
- "AVTA has been a strong supporter and customer of WAVE for years, and with this order, they are doubling down on their commitment to provide green, sustainable public transportation for the people of California," said Aaron Gillmore, CEO of WAVE.
WAVE's main system is a 250 kW embedded ruggedized charging pad allowing a vehicle to charge at schedule stops, suited for the transit system. The company is also working on developing a 500 kW and 1 MW system. Through 2020, WAVE recorded approximately $7 million in revenues, giving it quite an expensive price tag.
The problem with Idex looks rto be focus they have their feet in abunch of comapnies almost acting as an incubator... like SFE Safeguard Scientific.
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TM2
In late January, Ideanomics invested£1.5 millioninto Technology Metals Market Limited [TM2] in a simple agreement for future equity. TM2 is a "d commodities issuing and trading platform for technology metals connecting institutional investors, proprietary traders and retail investors with digital metals issuers
Energica
Most recently, in early March, Ideanomics invested approximately $13.2 million for 20%stake in EnergicaMotor Company S.P.a, implying a valuation of about $66 million for the high performance electric motorcycle manufacturer
SilkEV
Ideanomics invested $15 million inSilkEVthrough a one-year, 6% convertible promissory note due January 2022. At the moment, SilkEV is working withFAWunder an RMB10 billion join investment to develop the Hongqi S9 hypercar, as well as three potential future models. Ideanomics' investment in Silk is aimed at access to its experience in battery technology and high-performance cars,
Investments: Solectrac
Investments in Solectrac occurred in 2H 2020, with the initial $1.3 million investment doubled shortly after, bringing Ideanomics' capital invested to $2.6 million for 22% stake. This implies a valuation of ~$12.5 million for Solectrac, ahead of full availability in North America across all three productslater this yearand planned international availability in 2022.
Solectrac is seeing some demand for its tractors ahead of availability, and late in February announced a new reservation system, allowing customers to reserve their tractor for as little as a $1,000 deposit. The CET tractor currently is priced at $26,000 to $33,000 with add-ons
Acquisitions: Timios
Back in November, Ideanomics acquired online real estate transaction services company Timios, with the acquisition formallyclosingearly in January for a price tag of ~$40 million. Timios will be a key cornerstone for Ideanomics Capital, and has historical revenue growth paired with a strong housing market tailwind alongside expansion efforts.
Through Q3 '20, Timios recorded revenues of $54.4 million,
>>>>>>>
Timios is the real earner here-
Of the revenues generated, Timios accounted for 84.4% at $27.6 million, while WAVE accounted for 5.5% at $1.8 million; Electric Vehicle revenues were 9.2% at $3.0 million. Growth in the acquired businesses is strong, as Timios is setting itself up for a record year with potential to break $100 million in revenues on a red-hot housing tailwind.
It would seem an endless amount of raising capital will be needed for this company.
I don't see much coverage, this may be a tough slog.
I have been hovering over another name WATT-- also into wireless charging. Smaller appliances not trucks and cars.>
Energous management changes bring buying opportunity, says Roth Capital 09/09 WATT Roth Capital analyst Suji Desilva keeps a Buy rating on Energous with a $4 price target after the company announced a partnership with European industrial design house TAGNology to target opportunities in Europe across both consumer and industrial applications. The analyst expects the partnership to increase traction among Energous's European customer opportunities across both consumer and industrial. Recent management transition uncertainty has created an opportunity for investors to buy the shares, Desilva tells investors in a research note.
WATT-$2.14
merci beaucoup Si