Tag Archives: th!nk electric

Ener1 (HEV) Secures $30 Million Credit Line, Says Shipment to Th!nk On Schedule

Ener1 (HEV), the lithium battery maker who is a supplier for Th!nk electric vehicles of Norway has indicated it’s secured a $30 million line of credit from its principal investor, Ener1 Group that will keep the company fully funded through 2009.  Terms of the financing are still being finalized.  The company has also confirmed that it remains on schedule to deliver its lithium ion batteries to Th!nk electric which will begin selling its vehicles commercially … Read the rest