Investment Summary

Ideanomics Invests In Tree Motion Sdn. Bhd.

On March 5, 2019, Ideanomics invested in automotive company Tree Motion Sdn. Bhd. from Tree Movement Malaysia Sdn Bhd

Investment Highlights
  • This is Ideanomics’ 1st transaction in the Automotive sector.
  • This is Ideanomics’ 1st transaction in Malaysia.

Investment Summary

Date 2019-03-05
Target Tree Motion Sdn. Bhd.
Sector Automotive
Investor(s) Ideanomics
Sellers(s) Tree Movement Malaysia Sdn Bhd
Deal Type Stake Purchase

Target

Tree Motion Sdn. Bhd.

Kembangan, Malaysia
Tree Motion Sdn. Bhd. is an exclusive sales and distribution arm of Treeletrik which manufactures EV mopeds and bikes into a full range of vehicles including EV Buses, Trucks, Cars, and Light Rail

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Investor(S) 1

Investor

Ideanomics

New York, New York, United States

Category Company
Founded 2004
Sector Software
Employees295
Revenue 15M USD (2023)
DESCRIPTION

Ideanomics is a global fintech advisory and Platform-as-a-Service company. Ideanomics combines deal origination and enablement with the application of blockchain and artificial intelligence technologies as part of the next-generation of financial services. Ideanomics was founded in 2004 and is based in New York, New York.


DEAL STATS #
Overall 2 of 9
Sector: Automotive M&A 1 of 4
Type: Stake Purchase M&A Deals 1 of 2
Country: Malaysia M&A 1 of 1
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-25 SolidOpinion

New York, New York, United States

SolidOpinion, Inc. is an engagement company which tracks, power, and drive engagement. SolidOpinion was founded in 2013 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-03 Delaware Board of Trade

Wilmington, Delaware, United States

Delaware Board of Trade operates three companies: (i) DBOT ATS LLC, an SEC recognized Alternative Trading System; (ii) DBOT Issuer Services LLC, focused on setting and maintaining issuer standards, as well as the provision of issuer services to DBOT designated issuers; and (iii) DBOT Technology Services LLC, focused on the provision of market data and marketplace connectivity. DBOT is a FINRA Member Firm, and a member of the Securities Investor Protection Corporation ("SIPC"), that operates a fully automated, auto-execution Alternative Trading System ("ATS").

Buy $18M

Seller(S) 1

SELLER

Tree Movement Malaysia Sdn Bhd

Selangor, Malaysia

Category Company
Sector Automotive
DESCRIPTION

Tree Movement Malaysia Sdn Bhd (Treelektrik) is the only licensed EV manufacturer in Malaysia, for all-electric powered vehicles in Malaysia, with extensive relationships in both the public and private sector including exclusive supplier agreements with the Malaysian government, Malaysian Police, and regional operators for up to 60,000 EV buses and 100 Million EV bikes and mopeds into ASEAN countries.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Malaysia M&A 1 of 1
Year: 2019 M&A 1 of 1