Think Global Declared Bankrupt

think city

We reported back at the end of May that Norwegian EV manufacturer Think had lost key investor and battery market Ener1.  So there’s some unsurprising news today — Think has been declared bankrupt.

A court appointed administrator will immediately take over running of the Oslo-based company, which will be wound down while funds are found to pay off creditors.  Apparently, Ener1 is owed $32million in unpaid loans and invoices alone.

Think makes a habit of these sorts of things.  Back in 2002 Ford pulled out of supporting the company after investing $123 million.

Think has sold just 2500 cars in Europe and the US in its 20 year history.


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