EnerDel Parent Announces Stock Offering

By Auto News Log • January 28th, 2010

The parent company of Indianapolis-based EnerDel has announced it hopes to raise $60 million through a stock sale. In a filing with the U.S. Securities and Exchange Commission, Ener1 Inc. (NYSE: HEV) says it will use the funds for general corporate purposes. The offering will be conducted through Jefferies & Co. Inc.

EnerDel recently announced it would locate its third lithium-ion battery production facility in Hancock County, creating 500 new jobs and bringing its total Indiana employment to 1,400.

Ener1 also has an ownership stake in electric vehicle maker Think North America, which recently announced plans to locate its U.S. manufacturing facility in Elkhart, with the aim of creating 415 jobs by 2013.

Source: Inside INdiana Business

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