TH!NK Changes Hands; Russian Investor Pockets EV Firm
Post-declaration of bankruptcy, TH!NK, the Norwegian car maker, has been acquired by Russian investor Boris G Zingarevich. Though not so familiar a name in the automotive arena, Zingarevich is a prominent international technology entrepreneur in several businesses.
Since 2002, he has been the principal investor in the Ener1, a foremost American automotive lithium-ion battery manufacturer. Boris G. Zingarevich chairs the board of directors of Ener1 Incorporated.
The TH!NK City is a popular EV and has more than 48 million km of road experience in several countries where it had sold. The modern edition of the car can sprint up to 160 km on a single charge and offers exquisite, comfortable ride than any car models in its range.
That seems to have spurred Zingarevich to go for the TH!NK brand. According to him, the car can be a valuable “asset that deserves to continue its key role in the global shift to electrification”.
Elaborate information about the future of THI!NK is limited, though. We hear Zingarevich has inked a MoU with lithium-ion battery maker Ener1 and Finnish automobile engineering and manufacturing concern Valmet Automotive to work together in relaunching TH!NK.
The products from the company will be marketed by the newly-formed Electric Mobility Solutions. There is also reports hinting that we can expect a revitalized TH!NK city by next year.
