Apr 6, 2012 | Indianapolis Business News
Russian investor gives Ener1 fresh start
A Russian timber tycoon who poured millions into a battery maker with Hoosier roots is the new owner of Ener1 Inc.
Ener1, Inc. announced it has completed its financial restructuring and successfully emerged from Chapter 11 bankruptcy as a privately-held company.
Ener1 exits bankruptcy under private ownership
Ener1 is now a privately held company with $86 million in new funding and will continue trying to market its battery technology, which has roots in Indiana.