Norway: TH!NK raises US$40m

Norwegian electric vehicle manufacturer TH!NK has completed a US$40m equity increase, making the company fully funded. Chief executive Richard Canny noted that the equity round was over-subscribed and that all investors participated. Ener1 remains the largest shareholder with 31% of the company; venture capital fund Rockport Capital is now the Subscribe to Automotive World to … Continued

• By Webmaster
• May 11, 2010