Ener1 (HEV) Raises $65 Million For Manufacturing Expansion
Posted on September 03, 2010 at 10:30 AM EDT
Ener1 (HEV) announced this morning that it will sell $55 million of senior unsecured notes and common stock/warrants to certain investment funds as well as $10 million in senior convertible notes to partner ITOCHU Corporation. The company will use the funds for general purposes and manufacturing expansion to accommodate 11K battery packs at its facilities [...]
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