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THINK North America
22226 Garrison Street
Dearborn, MI 48124
The Scandinavian electric vehicle (EV) maker THINK is one of the most carbon efficient car companies in the world.
THINK designs, develops, manufactures and markets full battery electric vehicles (BEV) and electric vehicle technologies, and has been doing so since the early 1990s. THINK is a pioneer in this field,
a position it has developed and proven over 19 years and 30 million miles of happy, pure electric, local-emissions-free motoring.
It is one of the few companies that has a 'ready-to-market' fully electric vehicle – the THINK City – it's latest generation BEV, launched in 2008. With its market-leading range, driveability and
recyclability, the THINK City is the first vehicle of its type to be granted pan-European regulatory safety approval and CE certification.
THINK is owned by a group of investors made up of loyal and long-standing company supporters, some individual Norwegian backers and leading venture capital and clean-tech investment firms from the USA
and the UK.
Named investors are: Ener1, Inc. from the USA, Valmet Automotive from Finland and Investinor, the Norwegian Government-backed investment fund.
Ener1, Inc. is the largest of the investors in THINK, holding an equity stake in the company of approximately 31%. Ener1, Inc. is the parent company of EnerDel, a leading manufacturer of advanced
lithium-ion automotive battery systems based in Indianapolis and an existing supplier to THINK.
Valmet Automotive is a leading provider of engineering and manufacturing services to the automotive industry and is joining THINK as a new industrial partner with a small share in the company. New
production of the THINK City started in December 2009 at Valmet's high-technology manufacturing base in Uusikaupunki, Finland (replacing THINK's production facilities at Aurskog, Norway), alongside its assembly
facilities for the Boxster and Cayman models for Porsche AG.
THINK however remains a truly Norwegian company, with its senior management, sales, marketing, design and engineering staff all still located at the company's Oslo headquarters.
Investinor is a Norwegian venture fund backed by the Government's Ministry of Trade and Industry. The fund invests in Norwegian companies on strict commercial terms in return for share capital, and
invested NOK30million ($5million) in THINK in 2009.
The company has recently made a series of senior executive appointments from the automotive and clean-tech industries, won major new contracts in the drive-train supply business and started the
roll-out of sales into key European markets.
With sales underway across Europe in markets such as Austria, Denmark, The Netherlands, Norway, Spain and Sweden, and the company's recently announced plans to establish a U.S. production facility
during 2010 in Elkhart County, Indianapolis, THINK can maintains its position as a leader in electric vehicles and electric drive-system technology. The company is also the first to offer a modular and flexible EV
drive-train solution in the business-to-business sector.
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