Ener1 to Raise $25m to Expand US Production

U.S. battery manufacturer also has $40 million deal in place to supply energy storage batteries for the Russian Federal Grid Company.

Published: 04-Jan-2011

The New York City-based company said investments would be led by funds managed by Goldman Sachs Asset Management, L.P.

Ener1 (NASDAQ: HEV) also has a federal stimulus grant from the US Department of Energy to support its ambitions to increase production capacity in the US for batteries to be used in utility-scale energy storage facilities and in transport.

The company has been providing batteries for heavy-duty vehicles and is growing relationships with electric car manufacturers including Volvo and the Norwegian firm THINK.


First battery pack produced in GM's new Brownstown battery plant.

Official General Motors press release on production of first Volt electric vehicle battery pack.

Batteries produced at Sunderland plant will be used in both Nissan and Renault electric vehicles. Pictures in Nissan Leaf EV.

The company has applied to Sunderland City council for planning permission for a new battery plant which will create up to 350 new jobs.

Th!nk City electric cars roll off Valmet assembly line in Finland.

Eltek Valere starts delivering the first chargers in February.


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