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

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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., Rockport Capital and Ener1 each increased its investment in THINK by $12.5 the parent company of advanced battery manufacturer EnerDel.