Ideanomics, a global company with a focus on accelerating the commercial adoption of electric vehicles (EVs), announced that its subsidiary Energica has begun selling its high-performance electric motorcycles in Japan and Australia, according to a press release published on Monday.
The first round of bikes is expected to arrive in both countries in the first quarter of 2023.
"Japan is a key market for us," said Energica Motor Company CEO Livia Cevolini. "Energica's presence in Japan was sealed in August at the eight-hour Suzuka Circuit where our bikes were acclaimed for their performance during the numerous test laps at this prestigious and world-renowned endurance race. Our partnership with Estar & Co., Ltd. in January 2020 has also improved our efforts in developing our Asia-Pacific network."
Ideanomics Mobility CEO Robin Mackie said Ideanomics is committed to extending Energica's footprint across the globe.
"This new market entry into Japan and Australia will contribute to what we anticipate a strong fourth quarter and long-term consistent revenue growth," Mackie said.
In a Nov. 30 press release, Ideanomics announced that Energica retained 24 certified dealers in the United States, which account for 33% of total product sales, and plans to add 10 more dealers in 2023. Furthermore, Energica claims that it will soon be able to produce approximately 2,000 motorbike units per year.