NEW YORK, Aug. 2, 2021 /PRNewswire/ — Ideanomics (NASDAQ:IDEX), ) (“Ideanomics” or the “Company”), today announced that it has made a strategic investment in Prettl Electronics Automotive (“PEA”), a business unit within the Prettl Group, a large German industrial company that manufactures and distributes components and systems for the automotive, energy, and electronics industries. The deal terms include a strategic investment of €7.5M (~$9M) for a 30% ownership stake. Ideanomics will receive exclusive sales and distribution rights for PEA charging infrastructure products and solutions in North America and CEO Alf Poor will join PEA’s Board of Directors.
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