47 Articles
Ener1 raises $25 million; will expand battery production capacity

Lithium-ion battery manufacturer Ener1, Inc., has sold $25 million worth of senior unsecured notes, common stocks and warrants to raise funds to continue expanding its U.S. production capabilities. Ener1 will combines the $25 million with money received under a federal stimulus grant from the U.S. Department of Energy to support its ambitious goal of substantially increasing its annual output of lithium-ion batteries.

/ 5
Share This Photo X