Ideanomics is a U.S.-based holding company focused on building and acquiring businesses in the commercial EV and EV charging space, targeting fleet operators in local and last-mile delivery. Its two core subsidiaries are VIA Motors and WAVE Charging. VIA Motors makes Class 2–5 commercial electric trucks and vans built on a proprietary modular "skateboard" chassis platform. VIA sells vehicles directly to fleet operators, sells its platform to body builders and upfitters, and licenses the platform to incumbent OEMs looking to enter the commercial EV market without building their own architecture. WAVE Charging makes high-power wireless inductive charging systems — embedded in roads or depot facilities — that charge medium and heavy-duty EVs automatically during scheduled stops, with no cables required. WAVE sells and installs these systems for logistics fleets, transit operators, airports, and industrial sites. Ideanomics also owns Energica (electric motorcycles, Italy) and Solectrac (electric tractors, California), but management has classified both as non-core and is pursuing divestitures, planning to use those proceeds to fund VIA and WAVE. The company is pre-profitability, with thin or negative gross margins reflecting early-stage volumes. Revenue comes from vehicle and platform sales, OEM licensing, and charging system deployments. Profitability depends on production scale, capital availability, and the pace of regulatory mandates pushing fleet operators to convert from ICE to electric vehicles.