Norwegian Electric Autonmaker Finds Funding

Filed in archive Automobiles on January 15, 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.


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