NORWAY - Investinor makes NOK 12m Think investment

Think started out in the early 1990s. Its first electric car model was put into production in 1999 with the support of Ford, which invested a total of USD 150m during its involvement with the company from 1999 to 2003. In 2006, a consortium of Norwegian investors acquired the business. A further share issue in 2007 enabled the business to finance the 5th generation of the car model Think City.

In conjunction with the recent capital increase, Think has secured agreements with industrial partners Valmet Automotive in Finland, which will manufacture the Think cars, and US-based Ener1. Design, testing and sales operations will still be run out of the office in Aurskog, Norway.

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• Topics
• Expansion
• Nordics