Ener1 to Take 31% Stake in EV Maker Think Global; Think City Production Moves to Valmet in Finland
Green Car Congress
AUGUST 27, 2009
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. The car already has a sales network in Europe and is ready for mass production. Ener1, Inc.
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