Green Car Congress
JANUARY 21, 2010
Lithium-ion battery manufacturer EnerDel will invest $237 million in a new manufacturing plant near its Indianapolis headquarters in order to meet anticipated demand for advanced battery systems used in both automotive and stationary smart grid applications. The Indiana plant will be financed through a $118.5 Earlier post.)
Green Car Congress
SEPTEMBER 23, 2010
The financing is expected to close next week. Li-ion maker ENER1, Inc. has executed a securities purchase agreement with its principal shareholder, Ener1 Group, for the purchase of common stock and warrants for $20 million. Ener1 set out to raise $150 million at the start of 2010, to meet near-term manufacturing objectives.
Green Car Congress
MARCH 13, 2009
Overall, Ener1’s 92,000 ft 2 facility in Indianapolis has current capacity to produce 300 million watt hours of electrodes; an additional $50 million spent on equipment would double capacity to 600 million watt hours of electrodes for battery pack and cell production capacity of $450 million value in sales. Ener1 purchased $21.3
Green Car Congress
JUNE 1, 2009
Indianapolis, Ind. Warrants granted to the New VEBA to acquire newly issued shares in the New GM equal to 2.5% Warrants granted to GM at closing to acquire newly issued shares in the New GM equal to 15% of its outstanding common equity, with various exercise prices and expirations. Standby: Sep 2009. Pontiac, Mich. Powertrain.
Tony Karrer Delicious EVdriven
APRIL 22, 2009
Department of Energys Transportation Electrification stimulus program for a federal grant that would enable a nationwide demonstration fleet with the United States Postal Service (USPS) * Potential partnership with USPS to include infrastructure support from ConEd, Duke Energy, DTE Energy and Electric Power Research Institute (EPRI) Washington, D.C.,
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