Electric car companies, like any other start up industry, see their share of flame outs before products catch on enough to make one profitable. Such was the case last year with Norway-based Think. This particular EV outfit, however, seems to be back from the grave via some cash infusions from new investors.
Think, which announced its rebirth earlier this month, is at work again on its Think City electric vehicle at a production facility in Finland owned by Valmet Automotive, a provider of engineering and manufacturing services to the automotive industry that also happens to be a Think shareholder. This particular production facility also produces “Garia and Fisker alternative-fuel vehicles as well as Porsche AG’s Boxster and Cayman.”
The Think City, for those unfamilar with it, is an electric vehicle designed to be one of the world’s first urban models. It is European focused, getting a top speed of 100 km/h and having a maximum range on a single charge of around 180 km. Sales of this car are already under way in a variety of countries around Europe, with the majority of these having been made to “municipal authorities and utility partners, supported by government incentives.”