Poll: Next big "green" powertrain
What will be the next big "green" powertrain in the U.S.?
Ener1 Takes Stake in Electric Vehicle Maker Think Global
Font size:
Ener1, Inc. will take the lead among a group of investors that plans to inject $47 million of equity funding into Think Global AS, the Norwegian electric vehicle producer.
Ener1, Inc. is the parent company of EnerDel, a leading manufacturer of advanced lithium-ion automotive battery systems based in Indianapolis and an existing supplier to Think.Ener1, Inc. has agreed to invest approximately $18 million in three tranches, and convert an additional $3.0 million in debt for convertible preferred shares of Think, effectively transferring the 10% equity stake held by Ener1 Group to Ener1, Inc. Once all stages are complete, Ener1, Inc. will hold approximately a 31-percent stake in the company. Other stakeholders in the deal include Investinor, the Norwegian sovereign investment company.
EnerDel and Think have also agreed to enter into a new long-term battery supply agreement as part of the transaction. EnerDel will receive certain exclusivity rights for the supply of batteries for Think's current and upcoming new vehicle models.
Subscribe to the RSS feed for more information on green cars, green car news & green car technologies.
-----------------------
Follow PureGreenCars on Facebook and Twitter.
|
|
|
|
|
Email to a friend
RSS subscribe
Find us on Facebook
Follow us on Twitter
Electric Car News
- High Performance, 92 Mpg High Mileage 3 Wheel Sport Car
- THE AIRCAR IS REALITY
- VentureOne 3-wheel Plug-In Hybrid Vehicle
- Envion Oil Generator Turns Plastic Into Fuel
- A Green Biodiesel Hummer
Baran
on
24 April, 2012 11:46:20
Currently production catiacpy is 580MM gallons; an additional 1,400MM gallons are expected to be produced within the next 18 months, bringing the total supply around ...
Holly
on
24 April, 2012 11:32:52
Don't worry, the demand for diseel will always be strong, even with stronger conservation measures. The supply, on the other hand, is less assured. ...
Ankita
on
24 April, 2012 04:38:06
For American society at least, we need to find a replncemeat for crude oil products that is more sustainable, but will cause little impact on ...
Sergio
on
23 April, 2012 09:16:09
if you get 200 mpg in a Volt and drive 10000 miles per year fuel cost is 200 bucks at 4.00/gal.another person who has a ...
Tax Rebate
on
16 April, 2012 05:51:01
It is necessary to approve legal transactions and tax rebate accurately. Thus, authorized bodies are working to conduct all activities.
Post your comment