EnerDel parent to take stake in electric vehicle maker
INDIANAPOLIS — Ener1, the parent company of Indianapolis-based EnerDel, will take the lead among a group of investors that plans to inject $47 million of equity funding into Think Global AS, the Norwegian electric vehicle producer. EnerDel makes advanced lithium-ion automotive battery systems and is an existing supplier to Think. Ener1 has agreed to invest approximately $18 million and convert an additional $3 million in debt for convertible preferred shares. (Star report)
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