IDEX Wind Down LLC (f/k/a Ideanomics, Inc.) is a Delaware-based EV acquisition platform that pivoted from China-based video-on-demand and fintech operations into acquiring multiple electric vehicle-related companies, spending approximately $320 million on acquisitions from 2021 to 2023 including WAVE (wireless inductive charging), VIA Motors (commercial EVs), Solectrac (electric tractors), and Energica (electric motorcycles). The company filed for Chapter 11 protection on December 4, 2024 in the U.S. Bankruptcy Court for the District of Delaware after accumulating cumulative losses exceeding $853 million over five years, depleting cash to approximately $189,000, losing its Nasdaq listing in July 2024, and facing an SEC fraud settlement for misleading revenue guidance spanning 2017-2019. At filing, the company carried approximately $30.52 million in prepetition funded debt with Tillou Management and Consulting LLC as the largest prepetition lender ($14.35 million) and DIP lender ($11.619 million new money at 12% interest). WAVE, the sole operating entity at filing with only 17 employees, along with substantially all other assets were sold to Tillou through a credit bid transaction that closed March 7, 2025, while VIA Motors assets were separately sold to JVIS-USA, LLC for a $224,999 credit bid closing April 2, 2025. The Plan of Liquidation was confirmed on January 16, 2026, establishing a liquidating trust to hold remaining estate assets and make distributions to approximately 212 general unsecured claims totaling approximately $56 million, funded by a $517,000 Tillou cash payment in exchange for release provisions and returned causes of action from Tillou.
