After its virtual collapse last month, there are now renewed signs of life at Norwegian EV maker Th!nk. Ener1 Group Inc., which owns 57 percent of U.S. battery maker Ener1, is one of the investors in Th!nk and Ener1 had been set to supply Th!nk with lithium ion battery packs for its City car, as well as future products. According to Ener1 CEO Charles Gassenheimer, the company is looking at significantly upping its ownership stake in Th!nk. Half of the $5.7 million cash infusion that Th!nk receiv
The EnerDel li-ion battery company continues charging ahead in Indiana. The company got a visit from governor Mitch Daniels today at its Indianapolis location and the big news for EnerDel is that the Indiana Economic Development Corporation has offered the company up to $7.125m in "performance-based tax credits and up to $58,000 in training grants based on the company's job creation plans." Those plans include creating over 850 new jobs between now and the end of 2012. Gov. Daniels was suitably
There are changes in EnerDel/Ener1 land. Yesterday, Ener1 said it would be moving its headquarters to New York City. Today, in a more important announcement, Ener1 said that it has taken complete control of EnerDel, Ener1's li-ion battery subsidiary, by buying some equity interest away from former joint venture partner Delphi. Delphi let its 19.5 percent equity interest in EnerDel go as part of its work to get out of bankruptcy. Ener1 gave Delphi 2.8m shares of Ener1 Restricted Common Stock and
EnerDel is the battery division of Ener1, an energy storage solutions company. EnerDel's batteries can currently be found in a plug-in Prius and a Th!nk City. The parent company announced today that it has raised $29.7m worth of equity capital through something called a Warrant Exercise. The influx of funds means that Ener1's cash position on its balance sheet is now around $42.5m, the company said in a statement. While the statement doesn't specifically mention any of Ener1's automotive battery
At EVS23, AutoblogGreen had a chance to speak with the chairman of Ener1, Inc., Charles Gassenheimer, about his company's batteries and the future of Enerdel's lithium-ion batteries in automotive applications. He told us then that "We think 2008 is going to be a very exciting year for us." Now we know one reason why.