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THINK Completes $40M Equity Round; Ener1 Chairman and CEO Becomes Chairman of THINK

Green Car Congress

Electric car maker THINK has completed a US$40 million equity increase to support further product development and planned expansion into North American markets. With the new equity, THINK says it is now fully funded and expects to become cash-flow positive in 2011. specializing in energy and clean technology; and Ener1 Inc.,