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$IDEX DD Thread from Needham Growth Conference. This took a lot of time, please feel free to retweet.
I didn't dig too deep into DBOT or Liquefy as I didn't want to misrepresent anything.
I didn't dig too deep into DBOT or Liquefy as I didn't want to misrepresent anything.
Market Cap ~ $1B
Avg. 10-day trading volume - 73,364,977
Cash and equivalents - $189.9M
One of the most active NASDAQ stocks
“One of the few companies in the EV sector to be a value stock”
Avg. 10-day trading volume - 73,364,977
Cash and equivalents - $189.9M
One of the most active NASDAQ stocks
“One of the few companies in the EV sector to be a value stock”
Two divisions:
Ideanomics Mobility –
Focused on global EV market opportunity which is expected to grow to $132.73B at a CAGR of 39.9% through 2022.
“Believe we have the most well-rounded offering in the EV space today.”
Ideanomics Mobility –
Focused on global EV market opportunity which is expected to grow to $132.73B at a CAGR of 39.9% through 2022.
“Believe we have the most well-rounded offering in the EV space today.”
Ideanomics Capital –
Focused on fintech and its disruptive impact across financial services, from financial markets to mortgages where U.S. home sales expected to grow 21.9% in 2021
“Offering investors chance to get into disruptive industries with momentum based investments”
Focused on fintech and its disruptive impact across financial services, from financial markets to mortgages where U.S. home sales expected to grow 21.9% in 2021
“Offering investors chance to get into disruptive industries with momentum based investments”
Under Ideanomics Mobility:
MEG Group
Service provider, works w large scale commercial fleet customers, helps them w vehicle procurement, financing of those vehicles and with access to the energy and charging systems needed to run those vehicles.
MEG Group
Service provider, works w large scale commercial fleet customers, helps them w vehicle procurement, financing of those vehicles and with access to the energy and charging systems needed to run those vehicles.
Medici Motor Works
Big competitive advantage: cost-effective vehicles
Serious cost efficiency problem in market and Medici will meet that problem
Working with world-class OEM manufacturers in China to bring in cost-efficient vehicles
Big competitive advantage: cost-effective vehicles
Serious cost efficiency problem in market and Medici will meet that problem
Working with world-class OEM manufacturers in China to bring in cost-efficient vehicles
Treelectric (North America Branding)
Two wheel brand in South Asia (known as Treeletrik), important for deliveries, taxis where 2-wheeled motor vehicles are significant part of transportation.
Have large orders in hand for Indonesia and Thailand, vehicles now in those (cont.)
Two wheel brand in South Asia (known as Treeletrik), important for deliveries, taxis where 2-wheeled motor vehicles are significant part of transportation.
Have large orders in hand for Indonesia and Thailand, vehicles now in those (cont.)
countries and getting final local certifications.
Will be generating revenue in 2021.
Battery-as-a-service being deployed in Thailand for 2-wheelers, will expand to other countries.
Highly profitable model, make 7 figures in battery swapping service in one year in one city.
Will be generating revenue in 2021.
Battery-as-a-service being deployed in Thailand for 2-wheelers, will expand to other countries.
Highly profitable model, make 7 figures in battery swapping service in one year in one city.
Solectrac
Agricultural play, not being addressed by broader EV market, gives opportunity to claim EV space in agriculture.
Expects battery-electric tractor to replace the majority of old tractors at a much higher rate than EV passenger cars replacing gas-powered cars.
Agricultural play, not being addressed by broader EV market, gives opportunity to claim EV space in agriculture.
Expects battery-electric tractor to replace the majority of old tractors at a much higher rate than EV passenger cars replacing gas-powered cars.
WAVE
Only system that truly addresses autonomous vehicles
$7m revenue in 2020
Robust pipeline for 2021 and beyond
High-efficiency, high-voltage charging systems available already
Offering integrated high power charging systems into Medici models.
Only system that truly addresses autonomous vehicles
$7m revenue in 2020
Robust pipeline for 2021 and beyond
High-efficiency, high-voltage charging systems available already
Offering integrated high power charging systems into Medici models.
Under Ideanomics Capital
Timios
Vibrant financing market in US
Made $3m in December alone
Helping supercharge w capital and grow more efficiently
95% client retention rate over 10 years, $60m+ in revenue for 2020.
Timios
Vibrant financing market in US
Made $3m in December alone
Helping supercharge w capital and grow more efficiently
95% client retention rate over 10 years, $60m+ in revenue for 2020.
DBOT
Finware regulated ATS
SEC made favorable comments around crypto, there are few ATS licenses out there, a lot of people interested in this ATS
Finware regulated ATS
SEC made favorable comments around crypto, there are few ATS licenses out there, a lot of people interested in this ATS
TM2
Metals required in EV space, building platform w biggest names in financial sector to allow these emerging metals to have markets in the same way that copper, gold, etc. do
Metals required in EV space, building platform w biggest names in financial sector to allow these emerging metals to have markets in the same way that copper, gold, etc. do
Intelligenta
Can help sort and filter data from EV's to be used by fleet vehicles and others, can then charge for the data. Helps sort and filter to make it consumable data for fleet operators and others.
"Our sleeping giant in AI"
Can help sort and filter data from EV's to be used by fleet vehicles and others, can then charge for the data. Helps sort and filter to make it consumable data for fleet operators and others.
"Our sleeping giant in AI"
Capturing EV adoption
MEG
S2F2C - Sales to financing to charging. Energy is the play in the EV sector. Ideanomics will sell their own brands (Medici, Treelectric, Solectrac, etc.) but will sell other manufacturers' vehicles that meets specs of commercial fleet operator.
Cont.
MEG
S2F2C - Sales to financing to charging. Energy is the play in the EV sector. Ideanomics will sell their own brands (Medici, Treelectric, Solectrac, etc.) but will sell other manufacturers' vehicles that meets specs of commercial fleet operator.
Cont.
Putting together financing, leasing and insurance services for customers while also helping get them in best vehicle for best price at best return on investment.
"2021 is the year for commercial EV"
Bloomberg NEF estimates that global commercial EV sales will reach 1.2 million units by 2023
Biggest economy in EV is energy - global EV charging infrastructure expected to grow at CAGR of 33.4% from 2021 to 2028.
Bloomberg NEF estimates that global commercial EV sales will reach 1.2 million units by 2023
Biggest economy in EV is energy - global EV charging infrastructure expected to grow at CAGR of 33.4% from 2021 to 2028.
Sales and Financing is the hook and bait, goal is to sell charging.
Charging & Energy services:
Sales of Wave charging products
Sales of others' charging apparatus
Revenue-share from partner charging networks
Charging-as-a-service
Battery swap programs
Charging & Energy services:
Sales of Wave charging products
Sales of others' charging apparatus
Revenue-share from partner charging networks
Charging-as-a-service
Battery swap programs
Lots of "dormant investments coming to life in 2021
"Yes, Ideanomics is gonna start showing revenues and profits guys, get used to it."
"Yes, Ideanomics is gonna start showing revenues and profits guys, get used to it."
2020 highlights
Share price and market cap increased
Reduced debt and operating costs
Began divesting non-core businesses
Organic growth (MEG revenues)
Strategic investments (Solectrac)
Strong cash position
Hired top-tier talent
$35m deal for 2,000 Byd/Didi D1 vehicles
Share price and market cap increased
Reduced debt and operating costs
Began divesting non-core businesses
Organic growth (MEG revenues)
Strategic investments (Solectrac)
Strong cash position
Hired top-tier talent
$35m deal for 2,000 Byd/Didi D1 vehicles
What's to come
Official launch of Medici Motor Works
Organic revenue growth in MEG's sales, products and services
Revenue growth from WAVE and Treelectric subsidiaries
Timios acquisition expected to generate strong EBITDA from favorable interest rates in short- to medium-term
Official launch of Medici Motor Works
Organic revenue growth in MEG's sales, products and services
Revenue growth from WAVE and Treelectric subsidiaries
Timios acquisition expected to generate strong EBITDA from favorable interest rates in short- to medium-term
cont.
Onboard more top talent
Active merger & acquisition program -- looking for companies with IP, revenue, pipeline and possibility for growth
Onboard more top talent
Active merger & acquisition program -- looking for companies with IP, revenue, pipeline and possibility for growth
Q&A section
Timing on Treelectric IPO?
Smarter to get order fulfillments in, get revenue in and listen to overtone for IPO's, SPAC's and so on so as to maximize shareholder return
Timing on Treelectric IPO?
Smarter to get order fulfillments in, get revenue in and listen to overtone for IPO's, SPAC's and so on so as to maximize shareholder return
Any potential mergers in future?
$IDEX very active in MA and EV space, if looking for merger, talk to Ideanomics
$IDEX very active in MA and EV space, if looking for merger, talk to Ideanomics
How does Bruno's departure affect operations?
While no longer with Ideanomics, still there when needed. He has an enviable network that can open lots of doors.
While no longer with Ideanomics, still there when needed. He has an enviable network that can open lots of doors.
WAVE needed investment, decided acquisition was best route, will be deploying in Malaysia, China, US and other areas as well
BYD purchase
BYD is an important partner for anyone selling to commercial fleet partners, already have connection with WAVE (connection with WAVE more serendipitous than intentional)
BYD is an important partner for anyone selling to commercial fleet partners, already have connection with WAVE (connection with WAVE more serendipitous than intentional)
When will you be introducing things in UK?
Fairly soon, may be fast-tracked, WAVE already has a team down in Europe, expected Europe to be 2022 market, but made accelerants
Fairly soon, may be fast-tracked, WAVE already has a team down in Europe, expected Europe to be 2022 market, but made accelerants
Foresee any collaboration w Tesla?
Amazing company, commercial fleet operators interested in Tesla's vehicles for fleet use, therefore could see potential where Ideanomics helps get people in Tesla's vehicles.
Amazing company, commercial fleet operators interested in Tesla's vehicles for fleet use, therefore could see potential where Ideanomics helps get people in Tesla's vehicles.
Is WAVE the future?
Inductive charging is the future.
Inductive charging is the future.
Elaborate on 5-year plan?
Want to participate in transition in energy demand - Products they're buying are to help them get to this point in the near future - Expect in 5-10 years time for meaningful revenue to come out of energy demand and energy management systems.
Want to participate in transition in energy demand - Products they're buying are to help them get to this point in the near future - Expect in 5-10 years time for meaningful revenue to come out of energy demand and energy management systems.
Biggest catalyst in the future?
Switch in energy demand
Use S2F2C to get behind fleet operators and push them
Fleet operators don't know what to invest in so wait for company to come to them - $IDEX going to be very strong in 2021 and further on advocacy and education
Switch in energy demand
Use S2F2C to get behind fleet operators and push them
Fleet operators don't know what to invest in so wait for company to come to them - $IDEX going to be very strong in 2021 and further on advocacy and education
Does $IDEX get percentage of charging for [Treelectric] vehicles?
No, goals are to acquire fleet customer then we become very attractive to anyone w charging network, wireless or cable.
"Once you own the customer, you own a lot of the downstream services as well."
No, goals are to acquire fleet customer then we become very attractive to anyone w charging network, wireless or cable.
"Once you own the customer, you own a lot of the downstream services as well."
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