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Ener1 (HEV) Now Think Global’s Largest Investor, Battery Supplier With $18 Million Investment

Think Global has been on its last legs, but is emerging from bankruptcy with a total cash infusion of $47 million from various investors including partner Ener1 (HEV).  Ener1 will invest an additional $18 million in the company and convert an additional $3 million in debt for preferred shares, giving the company a 31% stake in the company and securing its spot as lead investor in the company. 

As part of the deal, Ener1 receives … Read the rest