think global
Think Global, a Norwegian electric car maker, has raised $40 million in new VC funding. Return backers RockPort Capital Partners and Ener1 Inc. co-led the round, and were joined by existing shareholders Valmet Automotive (Finland), Investinor (Norway) and Kleiner Perkins Caufield & Byers. The company has now raised $87 million since a bankruptcy restructuring last August. It had previously raised $85 million.
What do you know, they are back, I will leave the previous investment as is, a 70% haircut. Will pass on this round.
