Norwegian Electric Autonmaker Finds Funding

January 14th, 2009

Treehugger is reporting that Norwegian automaker THINK has found the funding it needs to resume making cars.

The Oslo-based company said that it had secured NOK 40 million ($5.7 million) in loans which will allow it to restructure, and could allow it to raise the permanent capital needed to resume production of the THINK City vehicle. According to Cleantech several lenders supplied funds, including Ener1, who supplies the lithium-ion batteries for the vehicle.

THINK was turned down for for government funding late last year.

Norwegian Electric Autonmaker Finds Funding
Photo courtesy of iStockphoto, Image# 3998586


This entry was posted on Wednesday, January 14th, 2009 at 10:49 pm and is filed under Automobiles. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Norwegian Electric Autonmaker Finds Funding”

  1. Renewable Energy Says:

    That would be a major breakthrough for green car company to mass produce THINK..

    http://gohybrid.blogspot.com

  2. neon Says:

    ***thank you….web mastr. güzel konu..

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