photo: Think
For a company in the breakdown lane of near-bankruptcy, Norwegian electric carmaker Think keeps hitting the accelerator. On Wednesday, Think said it has signed an agreement to sell 500 of its City electric cars this year to a subsidiary of Mobility Service Netherlands, a Dutch automotive leasing company.
The deal follows Think’s announcement last week that it plans to open an assembly plant in the United States by 2010 to produce the urban runabout.
Think sales director Richard Waitz told Green Wombat that the company will supply cars to ElmoNet, a subsidiary of Mobility Service Netherlands that will lease only electric cars. Earlier this year the Dutch government launched a 10 million euro ($13 million) incentive program for electric cars.
“We’ve entered into a similar agreement in Austria,” Waitz said. That deal, signed last month, calls for Think to supply up to 100 cars to a consortium of Austrian companies.
First, however, Think must raise the capital to resume full production of the City. The Oslo company idled its Norwegian assembly plant and laid off workers late last year as the financial crisis cut off funding. Think obtained a $5.7 million bridge loan in January and said last week it expects to raise more money from its existing European and U.S. investors.
Green Wombat 
Attaway Think. Don’t give up. We Americans could use your product AND the jobs a plant here would create.
GOOD JOB GUYS. YOUR KIND OF COMPANY SHOULD EXPAND GLOBALLY. IT’S ONE SURE WAY TO ELIMINATE OUR ADDICTION TO OIL.
BAD NEWS TO OPEC.
Great, finally we get some full electric cars on the road.
http://www.stichtingmilieunet.nl/andersbekekenblog/?p=7042
WITH ALL THE MONEY BUFFET AND OTHER US BUSINESS LEADERS HAVE, CANT THEY BUY OUT THIS COMPANY, AND PRODUCE THIS CAR IN THE US. IT WOULD BE THE PERFECT LOCAL AND COMMUTE VEHICLE, IF IT WAS UNDER $15K.
Somehow this car doesn’t look appealing. Styling is one thing, but if this car doesn’t perform or have the features of current autos, why should anyone buy it? I’m not interested just because its “electric”. Perhaps they should “think” about their product before bringing to everyone.
I leased a Think City through Ford from 2001 through 2003! It was AWESOME!!! When I had it I was able to get to work and back (it was 30 miles round trip I live around giant hills in North County San Diego) with a charge and could go 55 miles an hour. Now it gets double! Also, NOT having to go to the station to fill up is amazing! My electric bill only went up $5 or $10 a month. That was it! My lease was only $200 a month! Total big savings! I’ve been watching this company for 1 year now and want them back!!! I want one!!!