Ideanomics completes the acquisition of VIA Motors
By Luke Willetts - 22nd February 2023
VIA Motors Product Range
USA – In September 2021, T&BB brought you the news that Ideanomics Inc*, a financial technology company based in New York City, had agreed, in principle, a deal to acquire VIA Motors Inc** in an all-stock transaction for a 100% ownership stake in the company. Ideanomics acquires electric truck platform builder VIA Motors (truckandbusbuilder.com). The USD 630 million deal has finally gone through having received the necessary regulatory approval. Ideanomics believes that VIA’s electric work trucks will be a good asset to its electric mobility portfolio, pairing nicely with Ideanomics Energy, which will provide charging solutions for VIA vehicles. CEO of VIA Motors, Bob Purcell and VIA’s management team have been retained to lead the company.
Alf Poor, CEO of Ideanomics, commented:
