THINK Completes $40M Equity Round; Ener1 Chairman and CEO Becomes Chairman of THINK
Green Car Congress
MAY 11, 2010
Electric car maker THINK has completed a US$40 million equity increase to support further product development and planned expansion into North American markets. With the new equity, THINK says it is now fully funded and expects to become cash-flow positive in 2011. the parent company of advanced battery manufacturer EnerDel.
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