Looks like things are finally lightening up for electric car manufacturers Think.
Think had just started production of their Think City – one of only two electric cars that have been properly crash tested and highway approved, worldwide – when the ongoing financial crisis took off.
With a backlog of orders for their car and their production line all primed and set for scaling production upwards and onwards, the Norwegian company suddenly found themselves in an acute liquidity crisis, with no available funding for actually building the cars.
The last six months have been spent trying to coax more money out of existing owners and finding other sources of capital. It looks their efforts have finally paid off; more than 40 millions of US dollars has now been made available to partially resolve debts and restart production.
More than half of this sum comes from new investors, all of which are kept secret until debts have been renegotiated.
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