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Ideanomics buying electric truck startup Via Motors for $630 million

Added 08-30-21 12:04:02pm EST - “Shane McMahon's Ideanomics is acquiring Via Motors in an all-stock deal worth up to $630 million. Via Motors is launching an electric commercial truck in 2023.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Ideanomics buying electric truck startup Via Motors for $630 million”. Below is an excerpt from the article.

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Fintech firm Ideanomics announced Monday that it is purchasing commercial electric truck startup Via Motors in an all-stock deal worth up to $630 million.

It's the latest in a string of acquisitions by the Shane McMahon-led company that are aimed at building an electric vehicle ecosystem that includes wireless charging, tractors and motorcycles.

McMahon is the son of Vince and Linda McMahon and a minority owner in WWE. A class-action lawsuit was filed against Ideanomics last year alleging that the company had misled investors about its business operations.

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