Amazon Prime Day 2024

VC firms bet on Th!nk

As ABG reported earlier today, Th!nk has announced it will be coming to the U.S. market. More information has come out on Reuters via Th!nk's venture capital partners Kleiner Perkins Caufield & Byers and Rockport Capital. Ray Lane, a managing partner at Kleiner and chairman of Th!nk North America, said today "In a couple of years, we hope to be selling 30-40-50,000 cars per year." The report states that Th!nk intends to launch the vehicle in 2009 at a sub-$25,000 price point.

Th!nk's VC partners' high profile participation in the electric car maker's U.S. launch is evidence of the greater attention being paid to battery electric technologies after an initial preference for biofuel development.

[Source: Reuters]

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