Ideanomics Acquires Wireless Advanced Vehicle Electrification (WAVE)

January 5, 2021

Ideanomics has signed a definitive agreement to acquire 100% of Wireless Advanced Vehicle Electrification, Inc. (WAVE) for cash and stock consideration. WAVE, headquartered in Salt Lake City, Utah, is a provider of inductive wireless charging systems for medium- and heavy-duty commercial EVs with reported unaudited 2020 revenues of about $7M.

Buyers
Ideanomics
Targets
Wireless Advanced Vehicle Electrification, Inc. (WAVE)
Industry
Energy
Location
Utah, United States
Transaction Type
Buyout

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