Can NEO Battery Materials scale their breakthrough silicon anode material to allow 5-minute rapid EV charging?

Battery technology breakthroughs are happening quite often nowadays as companies focus to improve today’s lithium-ion batteries. Key areas of improvement still needed are improving cost, energy density (range) and charging times. Today’s company looks to have made a significant breakthrough in these areas by improving the anode part of the battery by using silicon nanoparticles uniformly coated by a highly elastic polymer. The silicon anode material provides improvements in capacity and efficiency over lithium-ion batteries using graphite in their anode materials.

The global lithium-ion battery anode materials size is forecast to roughly double in size from 2020 to 2027, rising to a value of US$6.33 billion.

NEO Battery Materials Ltd. (TSXV: NBM) (“NEO”) is a Canadian battery materials company with a current focus on developing silicon anode materials through an ion- and electronic-conductive polymer nanocoating technology.

Announced on June 7, 2021, NEO reported that they had achieved a 5-minute ultra-fast charging capability using their silicon anode technology. NEO’s Chief Scientific Advisor and Director, Dr. Jong Hyeok Park, stated:

“NEO’s nanocoated silicon anode allows for a safe full charge within 5 minutes, which demonstrates potential for scaling and implementation in larger cells such as those used in high power EV batteries.”

Rapid fast charging an electric vehicle (EV) battery in only 5 minutes would bring EVs in line with conventional car refueling times at the gas station. If achieved at scale and in real world use, it will be a groundbreaking step forward for the EV industry. Judging by Dr. Park’s comment above it looks like he believes the technology has potential to scale successfully for EV use.

Traditionally the problem with silicon based anodes has been that the silicon swells and then damages the battery; however in this case NEO has developed a technology to prevent this. Dr. Jong Hyeok Park commented: “Our unique, proprietary solution integrates silicon nanoparticles uniformly coated by a nanometer-thick elastomer – a highly elastic polymer.”

NEO Battery Materials is moving in the same direction as Tesla by developing better silicon materials for anodes

Source: Company presentation

As a further step to achieve their goal of low cost, fast charging, durable silicon anodes, NEO has recently signed a MOU with South Korean silicon powder manufacturer Korea Metal Silicon Co. (“KMS”). The news release stated:

“Under the terms of the MOU, NEO will closely engage with KMS to collaborate with the intent of pursuing solutions to remove the cost bottleneck associated with nanosilicon powders and to develop manufacturing capabilities to mass produce low-cost nanosilicon powders at a scalable and commercially viable level for NEO’s proprietary silicon anodes. The agreement would help accelerate NEO’s commercialization plans of its silicon anode technology.”

NEO Battery Materials key development timeline includes appointing several expert advisers formerly from leading battery manufacturers Samsung SDI and LG Chem

Source: Company presentation

Next steps

NEO is currently developing a full cell prototype (with proprietary silicon anode material) with their team of top South Korean battery experts. The end goal is to produce at scale an innovative silicon anode material that is cost-effective, mass-producible, and commercially viable.

Closing remarks

NEO has excellent management and a top tier advisory board. This has resulted in a significant breakthrough with their silicon anode material that allows for ultra rapid (5 mins) battery charging by using silicon nanoparticles uniformly coated by a highly elastic polymer. As a next step, NEO and KMS plan to work towards scaling up low cost nano-silicon powders to be used for NEO’s proprietary silicon anode material.

Judging by their success so far I would say NEO is looking like a good chance at success to ultimately scale their silicon anode material business to allow 5 minute rapid EV charging.

NEO Battery Materials trades on a market cap of C$28 million. Exciting times ahead for this small top tier company.




ESG investment Cielo Waste Solutions has plenty of catalyst(s) for a breakout

For two and a half months now Cielo Waste Solutions Corp. (CSE: CMC | OTCQB: CWSFF | FSE: C36) stock price has been trending sideways in a channel between roughly $0.70 and $1.10. Is opportunity knocking for a breakout? I was going to insert a catalyst joke in the context of Cielo’s stock price and their underlying business but unless you are familiar with the inner workings of the fuel refining process it wouldn’t make much sense and probably wouldn’t be that funny. So we’ll skip that and take a closer look at what’s going on at this green manufacturer of renewable fuel. But trust me, catalyst is important to Cielo’s proprietary process.

Cielo has ESG investment written all over it. The Company has developed a proven and patented technology to produce high cetane (a measurement of the quality of diesel fuel where higher is better), ultralow sulfur renewable diesel, kerosene and naphtha fuels. Feedstock (also known as inputs) for the process include the world’s most available and inexpensive household, commercial and construction/demolition garbage, wet organics (compost), all plastics, paper, tires, cardboard, sawdust and wood. When one considers that most of this garbage ends up in a landfill where it generates methane emissions while the Cielo process creates virtually no emissions, this goes from a win-win to a win-win-win situation. Then there’s the added bonus of reducing reliance on imported biofuels made from agricultural products. So reducing imports and leaving agricultural products for food gets us up to five wins by my math, hence my ESG investment comment.

What makes the story even more interesting from an investment standpoint is that the company believes it can be highly profitable while saving the world from all this garbage and methane. Obviously, the feedstock is relatively cheap but the finished product also fetches a higher market price than biodiesel because of the quality. You’ll note that premium gasoline is significantly pricier than regular unleaded at the local gas pump.

Source: Cielo Corporate Presentation

Now the stock isn’t cheap by any stretch of the imagination. The Company has yet to generate any meaningful revenue yet but has a market cap pushing $500 million, with 612 million shares outstanding based on yesterday’s close of $0.79. However, that can change quickly if they are running their existing Aldersyde facility (Calgary, AB) at 1,000 litres per hour and grossing $1.67/l, all of a sudden that’s $3.6 million of revenue per quarter which has already started. Growth plans include doubling Aldersyde to 2,000 litres per hour with commissioning sometime in Q4/21, while the Company foresees production from a facility in Dunmore (Medicine Hat, AB) by Q3/22 and commissioning of a new facility in Edmonton in Q4/22. On March 9th the Company announced an MOU to build, and commission, at no cost to Cielo other than internal costs, three renewable fuel facilities, in Winnipeg, Manitoba, Kamloops, British Columbia and a high-volume location to be determined in the United States. And on March 17th announced an MOU for Toronto, Ontario as the site for the first Ontario joint venture facility.

With all the development work, tweaking and fine tuning at the Aldersyde facility, Cielo has a scalable modular model which allows them to install a simple plant manufacturing system that can produce up to 4,000 liters per hour or 32 million liters per annum. Each plant costs approximately $50 million to build. Pay back on the capital investment is approximately $28 million annually based on EBITDA. Cielo plans up to 40 locations or plants in the next 5-7 years. I won’t go through the math on that because my assumptions will probably be different than almost everybody else but the numbers start to get pretty big.

So there’s the catalyst (I couldn’t resist) for this stock to move. Although all of this isn’t going to happen overnight, one has to consider:

  • Cielo holds an exclusive global license from a related party with the process patents having been issued in both Canada and the US
  • There are currently no major renewable diesel producers in Canada that can sell into the Canadian market.
  • Canadian Regulators have mandated minimum blends of renewable diesel into all transportation grade diesel, almost all of which currently is imported. Currently over 872 million liters per year and growing.
  • Cielo is not reliant on government assistant or subsidies. Cielo’s model is profitable based on current market rates and prices for the sale of their fuels

I’m not a market timer by any stretch of the imagination. Will news come out today or tomorrow that drives this stock higher? Possibly, but I kind of hope not immediately because that wouldn’t look very good for my neutrality on the subject. Nevertheless, the story is interesting from numerous angles and the math is pretty compelling.




A cleaner greener world is what Nano One Materials is all about

The market sure liked the latest news that Nano One Materials Corp. (TSXV: NNO) received conditional approval to graduate to the Toronto Stock Exchange under a new trading symbol “NANO”  as the share price was up an impressive 13% yesterday. Perhaps this reflects market interest of the exciting potential of this interesting cleantech innovator.

For starters, Nano One is a technology company with a patented process for the low cost production of high performance cathode materials used in lithium ion batteries. You know, the batteries that are going to power virtually every battery electric vehicle and store the power from all the renewable energy sources coming online along with all your portable electronic devices. In other words, a pretty large addressable market. Nano One is in the process of showing the world that they have a better design for coating the cathode of a lithium ion battery.

All lithium ion batteries have cathode materials and it’s estimated that the cathode represents roughly 25% of the cost of the overall battery. This is where Nano One has focused on trying to reduce costs and improve efficiency. The Company’s silver bullet (that’s an expression, I don’t think there’s any silver involved) is the patented “One Pot Process” which streamlines the production process and thereby reduces cost while enabling higher performance cathode materials versus the standard manufacturing process.

Cost reduction comes from the process being able to go directly from metals (lithium, nickel, cobalt and manganese) to cathode powder without having to convert it to sulphate or in lithium’s case, a hydroxide. This results in reduced costs for raw materials and energy input which in turn makes for a greener, lower carbon footprint overall. Cost savings can be several thousands of dollars per ton for cathode material.

The One Pot Process also helps on the performance side. As a battery charges and discharges, conventional polycrystalline cathode particles start to break apart from the stress of repeated charging. Over time this can fracture the protective coating and expose the inner part of the crystals to side reactions. This has the effect of reducing the range, life and charge of a battery. The Nano One process individually coats nanocrystals which form in one step and resist fracturing thus boosting durability and in turn full life cycle performance.

Source: Nano One Materials Corporate Presentation

The technology has been proven to work on several occasions including a joint development program focused on LNMO cathode materials (lithium nickel manganese oxide) that was successfully completed with validation by a multi-billion-dollar Asian cathode material producer and in collaboration with the University of Michigan on the development of innovative solid-state battery technology, to highlight the most recent updates. As well the Company is involved in strategic partnerships with Volkswagen, an undisclosed large US auto producer, Pulead Technology Industry (a highly respected Chinese cathode producer) and Saint Gobain (a 400-year-old materials company). In February Nano One announced its M2CAM (metal to cathode active material) initiative to engage in discussions with large integrated miners to reduce environmental footprints and maximize upstream value in the global battery supply chain.

As you can see, this company ticks all the boxes for a greener, cleaner world. And the best part is, they have more than enough cash to continue ongoing research and development, pilot plant expansion, business development and strategic initiatives having raised $29 million at the start of April to go along with the $30 million of working capital they finished Q1/21 with. Nano One appears to have the right solution at the right time and if the new green economy is serious about reducing its carbon footprint we all know who should be at the top of the list.

Follow Dean on Twitter: @iiDeanB1




Frédéric Dugré on why H2O Innovation’s Q3 2021 Financial Results were “the best quarter ever announced”

In a recent InvestorIntel interview, Tracy Weslosky speaks with Frédéric Dugré, President and CEO of H2O Innovation Inc. (TSXV: HEO | OTCQX: HEOFF) about how H2O’s Q3 2021 financial results provided “…the best quarter ever announced” and why “…water is the right space to invest in”.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Frédéric also discusses the significance of H2O winning two new projects and four contract renewals in North America and how they are positioned to potentially benefit from President Biden’s US$111B water infrastructure plan. Further to his Q3 2021 update, Frédéric provides an update on how H2O has increased efforts in the North American water reuse market and is continuing to expand in Latin America. With 7 financial analysts following H2O, Frédéric shares more on how the ESG investment community benefits from investing in clean water.

To watch the full interview, click here

About H2O Innovation Inc.

H2O Innovation designs and provides state-of-the-art, custom-built and integrated water treatment solutions based on membrane filtration technology for municipal, industrial, energy and natural resources end-users. The Corporation’s activities rely on three main pillars. The first one is Water Technologies and Services and includes all types of projects as well as digital solutions (IntelogxTM and Clearlogx®) to monitor and optimize water treatment plants. H2O Innovation’s second pillar, Specialty Products, includes a complete line of maple equipment and products, specialty chemicals, consumables and specialized products for the water industry, through H2O Innovation Maple, PWT, Genesys and Piedmont. The Corporation is now exporting his specialty products in more than 75 countries. Finally, H2O Innovation operates, maintains, and repairs water and wastewater treatment systems, distribution equipment and associated assets for all of its clients and ensures that water quality meets regulatory requirements, through the third pillar – Operation and Maintenance. Together, they employ nearly 470 employees for the operation of more than 275 utilities in two Canadian provinces and twelve US states, mainly on the US Gulf coast, Southeast, Northeast (New England) and the West Coast.

To learn more about H2O Innovation Inc., click here

Disclaimer: H2O Innovation Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp. (IIC) does not contain, nor does it purport to contain, a summary of all the material information concerning the Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete. 

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation.  Forward-looking statements are based on the opinions and assumptions of management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken,  as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on www.Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please email info@investorintel.com.




With 7 Analysts on board and up almost 140% in the past twelve months this attractive water pure-play is a true ESG

On May 13, H2O Innovations (TSXV: HEO | OTC: HEOFF | FSE: DB: H3O1) announced fiscal third-quarter financial results for the month ending March 31, 2021.

The company started the year off strong with quarterly revenue up 8.6% year-over-year and net earnings hitting C$2.1 million in the quarter, up from a loss of C$3.1 million in the same fiscal period last year.

H2O beat analysts’ consensus revenue and earnings estimates as revenue hit C$39.2 million in the quarter, up from C$36.1 million in the same quarter last year, with revenue increases coming from both organic growth and through acquisitions.

Gross profit margins remained strong at 28%, consistent with the margins last year, and adjusted EBITDA reached C$4.5 million or 11.5% of revenues, compared to C$3.8 million, or 10.5 % of revenues, for the same fiscal period last year.

Most importantly, operational cash flows hit a record C$10.2 million in the quarter up from C$0.9 million in the comparable quarter of the previous fiscal year.

Understanding H2O

H2O is a Canadian wastewater treatment solutions company that designs, builds, and supports facilities based on membrane filtration technologies for municipal, industrial, energy, and natural resources end-users.

H2O operates through three main business segments:

  1. Water Technologies and Services (WTS), which designs and builds custom water, wastewater, and water reuse systems and treatment plants, with more than 750 systems installed in North America;
  2. Specialty Products (SP), which develops specialized chemicals and consumables from its subsidiaries, such as Maple, PWT, Genesys, and Piedmont, and distributes through a network of over 100 partners; and,
  3. Operation and Maintenance (O&M), which operates more than 275 facilities in 12 states in the U.S. and two Canadian provinces.

Figure 1: Three main business segments – Water Technologies and Services (WTS), Specialty Products (SP), and Operation and Maintenance (O&M)

H2O - Business Units

Source:

Solid Pipeline of New Sales and Renewals

Earlier this month, H2O announced winning two new projects and renewed four operation and maintenance contracts in the O&M business segment, with a total value of C$3.3 million. With these contracts, the total O&M backlog increased to C$63.5 million.

The new contracts comprise the operation, maintenance, and management of a Municipal water treatment facility in Texas and the operation and maintenance of an effluent treatment facility at an agriculture-food processing plant in Alberta, Canada.

H2O also renewed four municipal O&M contracts in Vermont with the first contract renewed for over five years, the second and third contracts extended for five years, and the fourth contract was renewed until March 2022.

M&A Driving Growth

As part of its 3-year strategic plan announced in December 2020, H2O commented that it intended to complete between two to four acquisitions within the next 30 months.

In February 2021, the company closed the acquisition of the remaining 76% of Genesys Membrane Products (GMP) in Spain that it originally had taken a 24% ownership stake in through the acquisition of Genesys in the United Kingdom in 2019.

GMP reported revenue of approximately €5.00 million (C$7.75 million) in 2020 of which 24% was already accounted for in H2O financials.

GMP expands the company’s specialty chemical products and laboratory services to an international distributor network that focuses on Latin America, primarily within the mining industry.

In July 2020, H2O announced a C$3.7 million acquisition of Gulf Utility Service (GUS), a U.S. water utilities company. GUS booked revenue of approximately US$5.0 million and EBITDA of US$0.6 million in 2019.

In the recent quarter, over 95% of the revenue growth was from its recent M&A activity; the GUS acquisition contributed C$1.3 million in additional revenue and the acquisition of GMP in February contributed an additional C$1.5 million in revenue.

Biden’s Infrastructure Plan Adding Billions to a Hundred-Billion-Dollar Market

In April, the U.S. legislators passed the “Drinking Water and Wastewater Infrastructure Act of 2021” that authorizes almost US$35 billion over five years to a variety of programs focused on safe drinking water, wastewater treatment, sewer overflows, and stormwater management.

This Act is only the first part of President Biden’s US$111 billion plan for water infrastructure improvements as a component of the American Jobs Plan.

In H2O’s recent quarterly conference call, CEO Frédéric Dugré stated, “we want to reiterate that we welcome very positively the $30 billion water-related infrastructure plan announced earlier by President Biden at the end of April. We believe many opportunities will emerge from this stimulus plan, notably for new water reuse projects in order to fight back the growing water scarcity mode in Southern states.”

Even without these new U.S. government funding initiatives, the global water market is expected to grow from US$854.0 billion this year to US$914.9 billion by 2023, according to the latest report published by Global Water Intelligence (GWI).

GWI’s Global Water and Wastewater Treatment market consist of both operating and capital expenditures by utilities and industrial water users on water and wastewater.

The Water and Wastewater Treatment market experienced renewed activity and high growth due to declining water qualities and growing demand for cost-efficient and environmentally friendly water technologies and services.

However, several challenges hinder the Water and Wastewater Treatment market, including high capital costs for equipment, outdated and inefficient water infrastructures. Companies such as H2O benefit as governments look to reduce costs by shifting operations to third-party Water and Wastewater Treatment companies.

Final Thoughts

As Environmental, Social, and Governance (ESG) investing causes a shift towards finding long-term financial returns that are aligned with social values, H2O remains an attractive water pure-play with a strong balance sheet, a large sales backlog, and profits.

H2O’s stock is currently trading at C$2.40 per share, up almost 140% in the past twelve months. Seven analysts cover the company, all with a “Buy” rating, and price targets ranging from C$3.25 to C$4.00. Currently, H2O has a market cap of C$197.4 million.




H2O Innovation looks set to potentially benefit from President Biden’s US$111B water infrastructure spending plan

Did you know that globally 1 in 3 people do not have access to safe drinking water? And yes, mostly in the third world; however, there are also problems in the first world. As part of U.S President Biden’s American Jobs & Infrastructure Plan, he intends to allocate US$111 billion for water infrastructure. The Biden plan seeks to modernize aging drinking water, stormwater, and wastewater systems in the USA.

The White House Fact Sheet states:

“Across the country, pipes and treatment plants are aging and polluted drinking water is endangering public health….An estimated six to ten million homes still receive drinking water through lead pipes and service lines…..President Biden’s plan will eliminate all lead pipes and service lines in our drinking water systems, improving the health of our country’s children and communities of color.”

Water treatment company H2O Innovation Inc. (TSXV: HEO | OTCQX: HEOFF) looks to be in the right place at the right time. H2O Innovation has been in the water treatment industry for over 20 years but the future has never looked so good.

H2O Innovation designs and provides state-of-the-art, custom-built and integrated water treatment solutions based on membrane filtration technology. They provide multiple water solutions in the areas of drinking water, wastewater, water reuse & recycling, desalination, and water solutions. H2O Innovation’s customers include those from municipal, energy, and natural resource end users.

A summary of H2O Innovation’s business

Source: Company presentation

H2O Innovation to grow their water reuse business

H2O Innovation is capitalizing on the momentum from the U.S plan to improve water infrastructure by developing a new digital marketing strategy that focuses on its globally recognized expertise in water reuse. The Company recently hired Alejandro Sturniolo to fulfill the role of Global Head of Water Reuse and Strategic Partnerships. Alejandro has been involved in the water industry for the past 22 years and he currently serves as Vice-President and board member for the International Desalination Association (“IDA”) and Latin American Association of Desalination and Water Reuse (“ALADYR”).

H2O Innovation continues to win new contracts and renew existing ones

On May 12 they announced: “H2O Innovation wins two new projects and renews four operation and maintenance contracts in North America. These contracts, with a total value of $3.3 million, bring the O&M backlog to $77.3 million.” The backlog refers to H2O Innovation’s backlog of orders for their business and highlights the strength of demand for their services.

Chief Strategy Officer of H2O Innovation, Gregory Madden, stated: “The contract renewals show a commitment to the H2O Innovation Playbook concept that we win by creating value and delighting our customers. We have great relationship with our customers which is shown in our industry leading contract renewal rates. In Western Canada, we started with our first O&M contract in the region only three years ago, and we are now operating more than 15 facilities.”

H2O Innovation is expanding in Latin America

In news released on May 3, 2021, H2O Innovation announced that in addition to their acquisition of Genesys Membrane Products, which added an office for the Corporation in Santiago, Chile; H2O Innovation plans to strengthen existing and generate new relationships with original equipment manufacturers in Latin America, a high growth potential market. Their subsidiary, Piedmont, has recently signed Pavax as a new distributor in Brazil, and now has over 20 distributors in Latin America.

Growing revenues, margins, and profits

H2O Innovation’s combined strategy of acquisition and organic growth has resulted in a steady increase in revenues over the past years, to the point where they are forecast to be profitable in 2021. Net profits are forecast to reach C$4 million in 2021 (on C$147 million revenue, 3.03% net margin), C$5 million in 2022 (on C$156 million revenue, 3.42% net margin), and C$7 million in 2023 (on C$167 million revenue, 4.47% net margin). This equates to a forecast 2021 PE of 43.5 and a 2022 PE of 35.1.

Looking at the latest financial results from Q3 in the 2021 financial year, where net earnings amounted to C$2.1 million (up from a net loss of C$3.1 million YoY), H2O Innovation looks to be on track to exceed the above forecasts. Another nice bonus was that net debt fell to C$3.3 million at the end of the quarter, compared to a net debt of C$10.5 million as at June 30, 2020.

H2O Innovation President & CEO Frédéric Dugré stated: “Once again we are extremely proud to present a strong financial performance for our Q3 results. The sustained free cash generated from our operations combined with constant margin improvement testifies to the work of the last months, even years.”

Closing remarks

H2O Innovation has been successfully growing their business to the point where the company reached profitability last quarter and has also dramatically reduced their debt. Additionally, the company has a huge order backlog of business and rising recurring revenues. A great achievement. Not surprisingly the stock price is up 147% over the past year.

Looking ahead the outlook continues to brighten, notably more so if the Congress passes President Biden’s American Jobs & Infrastructure Plan (containing the water infrastructure US$111 billion plan). H2O Innovation’s expansion into Latin America should potentially be another winner.

H2O Innovation trades on a market cap of C$192 million. A great company and having a great year.

Appendix

President Biden’s plan to ensure clean water and to upgrade wastewater and support clean water infrastructure

Source: White House Fact Sheet




After a staggering past year return of 489%, Ideanomics continues rapid growth investing in EVs, fintech, and now social media

Not many companies are making deals as fast as Ideanomics Inc. (NASDAQ: IDEX). The Company spent 2020 rapidly acquiring an interest in a large number of electric vehicle (EV) and fintech/financial services related companies. Now in 2021 Ideanomics has expanded its investments into social media, via the popular hoo.be platform and is progressing well with their investment in electric motorbike manufacturer Treeletrik.

Ideanomics Inc. is a rapidly growing investment company that provides the financial support for growing companies within disruptive industries such as EVs, social media platform creation, and fintech & financial services.

Ideanomics invests into social media creators platform hoo.be

On April 21 Ideanomics announced that it had bought approximately 20% ownership into FNL Technologies, the owner and operator of the social media platform hoo.be. Hoo.be is a popular online platform which enables online influencers, artists, athletes, personalities, and businesses one hub for all their online profiles, content, shops & more that audiences can access with one click, from any platform.

Hoo.be states:

“Hoo.be has adopted the “invite-only” model of platforms in order to help users stand out in an increasingly fragmented & noisy online world. With high demand to join, hoo.be has already attracted popular users such as Chris PaulSteve AokiLewis HowesDayna Marie50 CentKatie Austin and others who have switched from competitors for a fresh new design and features that bring their social bios to life. The company plans to introduce new monetization options for their users, along with features for consumers to discover more from their favorites on social media – from NBA Allstars, to viral TikTok’ers, hoo.be plans to lead a new era in the social influencer & content creator space.”

Hoo.be is a social media platform that provides creators/influencers one hub for all their online profiles, content, shops & more

Source: hoo.be

Ideanomics 51% owned Treeletrik wins large Indonesia electric motorbike supply deal

In April 2021, Ideanomics announced that Treeletrik has signed a deal to supply 200,000 e-motorbikes to Indonesia between now and end 2023, in a deal worth US$274 million. Licensed EV manufacturer Tree Technologies Sdn Bhd (“Treeletrik”) is 51% owned by Ideanomics and is based in Malaysia. Treeletrik plans to grow sales into the ASEAN region where there is strong demand for electric two- and three-wheeled transportation. The news release stated:

“Treeletrik is a pioneer in bringing true electric motorbikes from Malaysia to the ASEAN region and beyond, spearheading a new way of mobility…….Treeletrik continues to receive positive demand for its 100% electric motorbikes. The EV player began exporting an estimated 50 units of electric motorbikes to Thailand and Indonesia in 2020, with an additional 15,000 units due to be exported this year. Other markets Treeletrik is eyeing as potential customers include the Philippines and Cambodia.”

Clearly, Treeletrik is tapping into a massive market as motorcycles in ASEAN are almost as common as trees! Ideanomics as a 51% partner will also reap the potential benefits.

A Treeletrik motor bike – 200,000 e-motorbikes heading to Indonesia 2021-2023

Source: Ideanomics

The beauty of Ideanomics business model is that they can simultaneously have numerous businesses (with various equity share) all growing at once. This, combined with a number of successful acquisitions, led to Ideanomics reporting a 600% YoY increase in EV related revenue in 2020.

A summary of Ideanomics’ business

Ideanomics Mobility – EV fleet sales, EV financing, EV charging and mobility services.

  • Medici Motor Works aims to develop the North American specialty vehicle and pick-up truck market.
  • Wireless Advanced Vehicle Electrification Inc. (‘WAVE’) develops inductive charging solutions for medium and heavy-duty vehicles in the U.S. Ideanomics acquired 100% of WAVE in early 2021.
  • Mobile Energy Global (MEG, 100% owned) provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity as well as financing and charging solutions in China.
  • Treeletrik is an approved EV manufacturer and distributor for Malaysia. Treeletrik plans to drive ASEAN commercial EV sales leveraging Chinese & Korean OEM partners for manufacturing. Ideanomics bought 51% of Treeletrik in 2019.
  • Solectrac develops and sells electric tractors and is based in California, USA. Ideanomics bought a 14.7% investment in Solectrac which was later increased to 22%.
  • Energica Motor Company is an Italian electric motorcycle company. Ideanomics acquired 20%.

Social Media – Hoo.be – Ideanomics acquired a 20% ownership of social media all-in-one creator hub platform hoo.be in 2021.

Ideanomics Capital – This division focuses on fintech disruption and financial services.

  • Timios Holding Corp. is a leading title and settlement solutions provider based in California USA with operations in 44 U.S states. Ideanomics acquired 100% of Timios Holdings Corp. in 2020.
  • Delaware Board of Trade (DBOT) is a next generation broker-dealer bringing the best practices of capital markets to the small cap marketplace.
  • Intelligenta provides AI solutions to financial institutions and regulators.
  • Liquefy
  • Technology Metal Market

Closing remarks

Ideanomics investments continue to rapidly expand across new areas. Their portfolio of companies encompasses disruptive markets such as EVs, fintech, and now social media.

Ideanomics trades on a market cap of US$1.08 billion after a staggering past year return of 489%. Management has done a superb job to date. Stay tuned.