WAVE Charging Announces Receipt of Purchase Order from Leading Retail and Logistics Company

Core Insights - WAVE Charging, a subsidiary of Ideanomics, has received a purchase order for a commercial proof of concept project with a major retail and logistics company in the U.S. [1][2] - The project will utilize BYD yard tractors equipped with WAVE's wireless charging technology to reduce the customer's emissions footprint [2][3] - The initial order value is approximately $500,000, with plans to scale deployment following successful proof of concept [3][4] Company Overview - WAVE Charging specializes in high-power wireless inductive charging solutions for medium- and heavy-duty commercial vehicles, founded in 2011 [5] - The company offers systems ranging from 125kW to ultra-high power, providing a reliable and efficient alternative to traditional wired charging [5] - Ideanomics aims to accelerate the commercial adoption of electric vehicles by integrating vehicles, charging, and financing solutions [6]