- Ideanomics Inc IDEX subsidiary WAVE (Wireless Advanced Vehicle Electrification) has secured a cooperative purchasing contract in the wireless inductive charging solutions category from Sourcewell. WAVE will hold a four-year contract.
- Sourcewell is a self-sustaining government organization offering cooperative purchasing with more than 400 competitively solicited contracts to government, education, and nonprofit entities throughout North America.
- The contract allows more than 50,000 organizations, including government agencies, educational systems, and nonprofits, to purchase WAVE's charging solutions at a discount.
- Transit agencies and ports will be able to purchase WAVE's EV wireless charging systems without facing RFP, bidding, and vendor selection processes.
- Price Action: IDEX shares are trading higher by 5.98% at $2.47 on the last check Friday.
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