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Ener1 Receives Commitment for $65M Equity Investment; Negotiating with DOE on Low Interest ATVMP Loan

Green Car Congress

Zingarevich, for the purchase of common stock and warrants for $65 million. Ener1 Group will purchase 18,678,161 shares of common stock and 8 million warrants. Ener1, Inc., The investment is expected to close later this week. The new equity injection for Ener1, Inc. Earlier post.).

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Ener1 Outlines Automotive Programs Underway for Li-ion Packs

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Ener1 said that customer interest in its lithium-ion batteries from all segments remained strong in spite of distress the auto industry and current recessionary economic conditions. Ener1 purchased $21.3 Net loss in 2008 was $43 million, compared to a loss of $51.7 million in 2007. million of equipment during 2008, of which $7.2

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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

Industry officials expect that this $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and auto industries. Indianapolis, IN. Indianapolis, IN. billion investment, coupled with another $2.4 EnerDel, Inc. Kokomo, IN.

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