RockPort Ups Investment in Think

8/28/09

Think, the Oslo, Norway-based startup developing long-range electric vehicles, announced yesterday that it has exited bankruptcy protection and raised $47 in new funding, with cleantech venture firm RockPort Capital Partners of Boston as one of the return investors. New investors in the round included New York-based lithium ion battery developer Ener1 (NASDAQ: HEV), Finland’s Valmet Automotive, and Investinor, an investment fund backed by the Norwegian government. The new funding brings Think’s total financing to more than $130 million.

Wade Roush is Chief Correspondent and Editor At Large at Xconomy. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @

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