Ideanomics Acquires US Hybrid
June 11, 2021
Ideanomics (NASDAQ: IDEX) completed its acquisition of US Hybrid, a Torrance, California-based designer and manufacturer of zero-emission electric powertrain components and fuel cell engines for medium- and heavy-duty commercial and municipal vehicles. The deal gives Ideanomics direct manufacturing capabilities in traction motors, controllers, energy storage and fuel-cell systems and supports commercialization opportunities (including a multi-city electric street sweeper order announced alongside the acquisition).
- Buyers
- Ideanomics
- Targets
- US Hybrid
- Industry
- Transportation
- Location
- California, United States
- Transaction Type
- Buyout
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