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ENER1 Receives Additional $20M from Principal Shareholder

Green Car Congress

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 Group has purchased 5,665,723 shares of common stock and 2,426,670 million warrants. The financing is expected to close next week.

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Ener1 Outlines Automotive Programs Underway for Li-ion Packs

Green Car Congress

As part of its report on fourth quarter and year-end 2008 results, Ener1 outlined its EnerDel unit’s customer programs underway for its lithium-ion battery technology in applications spanning hybrids, plug-in hybrids (PHEVs) and full electric vehicles. Ener1 purchased $21.3 Overall, Ener1 reported 2008 revenues of $6.8

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

Green Car Congress

parent of Li-ion manufacturer EnerDel, has executed an agreement with its principal shareholder, Ener1 Group, an investment vehicle established by Russian industrialist and entrepreneur Boris G. Zingarevich, for the purchase of common stock and warrants for $65 million. Ener1, Inc.,

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EnerDel Signs Letter of Intent to Supply Lithium-Ion Batteries to Fisker Automotive; Inaugurates New Manufacturing Line

Green Car Congress

Fisker had earlier said it would use lithium-ion batteries developed by Quantum’s strategic alliance partner Advanced Lithium Power Ltd. EnerDel currently produces two primary types of Li-ion cells: High power cells targeted at hybrids, using a Lithium Titanium Oxide (LTO)/Lithium Manganese Oxide (LMO) chemistry.

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Axion supplying PbC batteries to Norfolk Southern for all-battery switcher and working on line-haul hybrid locomotives; micro-hybrid and stationary expansion

Green Car Congress

Axion Power said this first $400,000 purchase order is part of a $475,000 total purchase order, that will be used in the commissioning of Norfolk Southern’s NS-999 ( earlier post ). Earlier post.) To date, this is the largest single PbC battery order that Axion has received. In November of 2011, Axion commissioned a.5 25 MWh PowerCube.

Lead Acid 225
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Ferrari’s Plug-in Hybrid One-Ups the Combustion Engine

Cars That Think

kilowatt-hour lithium-ion battery pack (with 84 pouch-style cells courtesy of SK Innovation ) that’s laser-welded behind two racy sport seats. The SF90 also holds the lap record for production cars on the road course at the Indianapolis Motor Speedway. Those motors are fed electrons by a 7.9-kilowatt-hour

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