NEW YORK, Aug. 26, 2021 /PRNewswire/ -- WAVE, a
subsidiary of Ideanomics (NASDAQ: IDEX) and a leading high-power
inductive charging solution provider for medium- and heavy-duty
vehicles, names Aaron Gillmore as
CEO effective immediately. The appointment sets the path for WAVE
to accelerate its growth and scalability across a wide range of
industries and markets. The company is excited to have Michael Masquelier become the Chief Technical
Officer and lead the engineering, operations and technology
development as the company is experiencing strong growth.
Gillmore is an accomplished clean transportation executive with
broad expertise in electric commercial vehicles, EV charging,
renewable energy, and battery storage. In his recent leadership
role at BYD Motors, Gillmore led the North American medium- and
heavy-duty commercial electric truck division. His experience
transitioning diesel truck fleets at ports and
logistics/distribution businesses to zero-emission electric trucks
brings invaluable, first-hand customer and market insights to
WAVE.
"Aaron comes to the Ideanomics team with a proven track record
for critical revenue growth success and an array of experience in
cleantech and emerging markets," said Alf
Poor, CEO of Ideanomics. "We are thrilled to have him at the
helm of WAVE as the team continues to demonstrate commercial
success through high-profile partnerships with the Department of
Energy, Kenworth, UPS, and Sourcewell. We believe his expertise
will be quintessential to the continued success and development of
WAVE's innovative inductive charging infrastructure and with his
wealth of experience in fleet electrification and EV charging, we
are confident in his ability to transition into this new role with
ease and bring forward even more growth opportunities to WAVE."
During his time at BYD, Gillmore built a robust and talented
team, which recently led to one of the largest zero-emission,
battery-electric truck fleet deployments on the U.S. East Coast.
Before joining BYD, Gillmore demonstrated critical revenue growth
expertise across multiple companies. He helped lead SolarCity's
ascension to a multi-billion-dollar energy company and its eventual
acquisition by Tesla in 2017. At Tesla, he oversaw the growth of
Tesla's Photovoltaics, Powerwall, and EV chargers in the new home
builder and privatized military housing markets and drove
significant business growth in less than one year.
Gillmore earned his Bachelor of Science degree in Civil
Engineering at Cal Poly, San Luis
Obispo, and a Master of Science degree in Environmental
Engineering at the University of California,
Berkeley. Additionally, he completed the Executive
Leadership Development Program at Columbia
Business School in New
York. Prior to that, Gillmore served in the U.S. Navy as a
Civil Engineer Corps Officer, obtaining the rank of Lieutenant.
During his time in the military, he supervised and executed over
$150 million of new development and
renovation for multi-faceted facilities and infrastructure
projects.
"I'm excited for the opportunity to lead an innovative company
like WAVE with tomorrow's technology that's available today," said
Gillmore. "Coming from BYD, I have personally experienced the
challenges of different charging solutions with fleet
electrification. Whether it is ports, warehouse distribution and
logistics, or mass transit, WAVE's high-power wireless charging
technology not only eliminates plug-in charging fast charging heat
and safety constraints, but also provides battery load and cost
reduction possibilities together with range extension
opportunities. Wireless charging technology is the future, and WAVE
is the market leader that has been finetuning the technology for
over a decade. 2021 marks the pivotal
year for commercial EV, and I'm confident our path towards the
Charger of Choice will only be accelerated from here on."
WAVE continues to make waves in electric vehicle infrastructure.
After being wholly acquired by Ideanomics in January 2021, the company was awarded an
exclusive supplier contract from Sourcewell, allowing more than
50,000 organizations including transit agencies and ports to
purchase WAVE's high-power EV wireless charging systems at a
discount and without facing the time-consuming RFP, bidding, and
vendor selection processes. With systems ranging from 125kW to
500kW and a 1MW charger in development, WAVE currently powers the
largest electric mass transit bus fleet in the U.S. at Antelope
Valley Transit Authority.
The company is based in Salt Lake
City, UT, and was co-founded by Michael Masquelier back in 2012. With over 20
years of extensive experience in power electronics,
microelectronics, sensing, wireless communications, 11 issued and
pending patents, and more than 25 technical publications,
Masquelier was the mastermind who made the WAVE technology a
reality. With Gillmore's appointment, Masquelier will concentrate
his efforts on product development, engineering, operations, and
continued technology innovation.
For more information and news on WAVE,
visit https://waveipt.com. For more information and news on
other Ideanomics investments and subsidiaries, please
visit https://ideanomics.com.
About WAVE, Inc.
With a global-leading number of
high-power, rigorously proven inductive charging systems deployed,
WAVE enables commercial fleet operators with a faster, easier way
to extend the range of medium- and heavy-duty electric vehicles.
Founded in 2011, with systems ranging from 125kW to 500kW, WAVE
makes tomorrow's EV charging technology available today. Learn more
at www.waveipt.com.
About Ideanomics
Ideanomics is a global company
focused on the convergence of financial services and industries
experiencing technological disruption. The Ideanomics Mobility
division is a service provider which facilitates the adoption of
electric vehicles by commercial fleet operators through offering
vehicle procurement, finance and leasing, and energy management
solutions under an innovative sales to financing to charging
(S2F2C) business model. Ideanomics Capital is focused on disruptive
fintech solutions for the financial services industry. Together,
Ideanomics Mobility and Ideanomics Capital provide global customers
and partners with leading technologies and services designed to
improve transparency, efficiency, and accountability, and offer
shareholders the opportunity to participate in high-potential
growth industries.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116, New York,
NY 10018
ir@ideanomics.com
Jeremy Ertl, Skyya PR for
Ideanomics
jeremy@skyya.com
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SOURCE Ideanomics