WAVE Charging Secures Purchase Order from Top Retail and Logistics Firm

Salt Lake City, UT, January 18, 2024 - In a significant development for the electric vehicle charging industry, WAVE Charging, a prominent subsidiary of Ideanomics (IDEX), has announced that it has received a substantial purchase order from a prominent retail and logistics company. This new collaboration underscores WAVE Charging's leadership in the domain of high-power, wireless inductive charging systems designed for medium- and heavy-duty commercial electric vehicles (EVs).

Driving Electrification in Commercial Transport

The procurement indicates a growing recognition of the necessity for sustainable and efficient charging infrastructures in the logistic sectors. With its advanced inductive charging technology, WAVE Charging is poised to play a pivotal role in the electrification of commercial fleets, contributing to reduced carbon emissions and the advancement of green logistics. The synergy between WAVE Charging's innovative solutions and Ideanomics' commitment to accelerating the adoption of commercial EVs, as well as associated energy services, is expected to propel the market forward significantly.

A Strategic Move by Ideanomics

Based in New York, New York, Ideanomics, Inc. (IDEX) not only focuses on the propulsion of commercial electric vehicles but also on the enhancement of financial services and fintech products. This recent transaction underlines the strategy of Ideanomics to embed itself deeper into the fabric of the electric vehicle ecosystem, fostering a more sustainable future in transportation and energy consumption.

The commercial details and the identity of the buying entity remain undisclosed, yet this deal marks a momentous juncture for WAVE Charging, as it continues to expand its market presence and solidify its status as a key player in the EV charging industry.

charging, EV, technology