Th!nk Lives to Fight Emissions Another Day
Good news for the 30-50% of Th!nk's staff that haven't yet been laid off : private investors have stepped in and provided the financing needed to keep the EV maker from turning out the lights. If you'll remember, the last time we checked up on Th!nk, they were facing some dark times and were asking for a Here's the twist, out of the 40 million Kroner ($5.69M) bridge loan given to Th!nk, the vast majority of it came from Ener1 Group -- the company that manufactures the battery packs for the these cute little EVs. So, I guess it's just good business for Ener1 -- because I'm sure that Th!nk buys a pretty substantial portion of their battery sales. With that, Th!nk will hopefully be able to bounce back to their healthy pre-global recession levels even though they're still short a few million bucks.
[via AutoBlogGreen]
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