Electric car maker Think Global raising another $80M
Think Global, a Norwegian maker of electric vehicles, plans to raise $80 million in a third round of funding by the end of the year, according to VentureWire. It has already raised $30 million from the backers who financed for Think Global’s $60 million second round last year.
Think Global plans to boost production capacity to 10,000 cars by the end of 2009. It already has 1,000 cars on the road in Scandinavian countries. Its cars are “battery agnostic.”
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.