Think Global – Electric car attracts funds

Norway’s revived electric carmaker, now called “Think Global,” is raising more capital with the goal of producing 10,000 cars a year by 2009. Now Jan-Olaf Willums, chief executive of Think Global, appears to have some solid investors behind him. The firm started rolling again earlier this year, with a line-up including retailing tycoon Stein-Erik Hagen, hotel developer Petter Stordalen and shipping heir Petter Sundt. The goal is to be the world’s leading electric carmaker. Willums said Think needs to produce 10,000 cars a year to be profitable, and will likely make some of the cars overseas. “England, the US, Switzerland and the Netherlands are possible production sites,” he said.
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