InoBat Auto j.s.a. announced that it has entered into a convertible loan agreement in the principal amount of €10,000,000 on December 24, 2021. The transaction will include participation from new investor, Ideanomics, Inc. If the principal is not repaid by means of conversion in accordance with the loan agreement, the company shall pay accrued interest together with the principal on the first anniversary of the loan agreement. The agreement contains customary representations and warranties of the company and other customary obligations and rights of the parties to the agreement.