NORWAY - TH!NK attracts $60m investment

TH!NK Global, a Norwegian producer of environmently friendly cars, has completed a private placement of $60m from several investors including, DFJ Element and RockPort Capital Partners. Other private high-net worth Norwegian investors including Petter Stordalen, Atle Brynestad, Stein Erik Hagen and Petter Sundt have also participated in the funding round. The three founders of REC, the most successful solar energy company in Norway, have been managing TH!NK for the past 15 months. They have increased their investments in the company and now own a third of TH!NK.