# Ideanomics invests €7.5M for 30% stake in Prettl Electronics Automotive

Ideanomics made a strategic investment of €7.5 million (~$9 million) for a 30% ownership stake in Prettl Electronics Automotive, a business unit of the Prettl Group, and will receive exclusive sales and distribution rights for its EV charging infrastructure in North America.

- Type: Investment
- Announced: 2021-08-02
- Where: Radeberg, Germany, Germany
- Value: $9.00M (7.50M EUR)
- Status: announced
- Products: high-power EV charging infrastructure
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [PRETTL](https://endata.com/companies/29742.md) (partner)
- [Ideanomics](https://endata.com/companies/47343.md) (investor)
- [Prettl Electronics Automotive](https://endata.com/companies/56840.md) (partner)

## Sources

- [aithority.com](https://aithority.com/technology/mobility/ideanomics-announces-strategic-investment-in-prettl-electronics-automotive-to-accelerate-fleet-and-public-charging-applications-in-north-america/), 2021-08-02: "Ideanomics, announced that it has made a strategic investment in Prettl Electronics Automotive (“PEA”), a business unit within the Prettl Group, a large German industrial company that manufactures and distributes components and systems for the automotive, energy, and electronics industries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.