US Hybrid Awarded Order for 19 ADA Compliant Electric Vehicles from AVTA to Expand their Electric Fleet

Electric, long-range, ADA-compliant transit vans to be delivered for public transportation

NEW YORK – US Hybrid, a wholly-owned subsidiary of Ideanomics (NASDAQ: IDEX) and a leader in advanced battery, fuel cell, and hybrid electric vehicles, today announced an order from Antelope Valley Transit Authority (AVTA) for 19 battery-electric, long-range, ADA-compliant transit vans.

“US Hybrid is pleased to strengthen Ideanomics’ relationship with ATVA. We will provide AVTA with long-range, battery-electric, ADA compliant vans to help them reach their clean mobility goals,” said Dr. Abas Goodarzi, CEO of US Hybrid and Chief Scientist of Ideanomics. “We are thrilled to continue to expand our support of transit agencies and municipalities in realizing their vision of environmental sustainability and stewardship. We are making significant advancements in commercializing electrification in the sector.”

The vans to be delivered will undergo durability and safety testing at the Altoona test track, as required by the Federal Transit Administration (FTA) to be eligible for federal funding.

“We have started to see examples of synergistic values among different operating companies within the Ideanomics family,” said Robin Mackie, President of Ideanomics Mobility. “This milestone represents our commitment to Environmental, Social and Governance initiatives as we innovate to preserve our planet. It validates our vision and gives us the confidence to continue building the most complete electrification solutions on the market in order to accelerate commercial electrification.”

“AVTA is committed to our sustainability goals and green strategies that directly benefit the Antelope Valley community in measurable ways,” said AVTA Chairman of the Board Marvin Crist. “We are excited for another Ideanomics operating company to keep our fleet fully electric. US Hybrid’s innovative battery-electric transit vans will enable AVTA to continue delivering public transportation solutions that enhance the customer experience and environmental impact.”

US Hybrid is powering the transition to clean service vehicles that transit agencies can easily manage and maintain. These zero-emission vans represent an essential expansion of US Hybrid’s product offerings. They can be impactful game-changers in moving towards a fully electrified world with each electric van displacing over 10,000 gallons of fuel each year.

The battery-electric vans will be powered by US Hybrid’s powertrain with an estimated range of 220 miles per charge and will be compatible with high-power, DC fast charging currently used by AVTA. The vans support two wheelchairs with options for export power and V2V DC fast charge, which supplies 80kW. US Hybrid has delivered the same van configuration powered by hydrogen instead of a larger battery pack to other transit agencies in the past.

In 2017, AVTA started working with WAVE, another wholly-owned subsidiary of Ideanomics, to implement high-power wireless charging pads both in-route and at the bus depot. As of today, AVTA now powers the largest electric bus fleet in the U.S. with 65 zero-emission vehicles. AVTA’s local electric bus fleet is powered by 12 WAVE wireless charging pads located in their four transit centers. With this new order, US Hybrid will further advance AVTA’s electrification mission and allow its fleet to provide zero-emission benefits to their dial-a-ride and demand response community.


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