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US: Ener1 files for Chapter 11

The automotive and grid storage battery maker Ener1, Inc announced on 26 January that it had reached agreement with its primary investors and lenders on a restructuring plan to reduce its debt and provide up to US$81m to recapitalize the company. Two months earlier Ener1 announced that it had won US$4.5m Subscribe to Automotive World to … Continued

The automotive and grid storage battery maker Ener1, Inc announced on 26 January that it had reached agreement with its primary investors and lenders on a restructuring plan to reduce its debt and provide up to US$81m to recapitalize the company. Two months earlier Ener1 announced that it had won US$4.5m

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https://www.automotiveworld.com/articles/91742-us-ener1-files-for-chapter-11/

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