Li-ion maker Ener1 restructures
Li-ion battery maker Ener1 has restructured, internally dividing into three segments that reflect the main directions of development in the rapidly devolving industry: transportation, utility grid and small format products.
Ener1, a manufacturer of lithium-ion batteries for plug-in hybrid vehicles, has announced that it has agreed to sell $55m of senior unsecured notes, together with shares of common stock and warrants, to certain investment funds, led by funds managed by Goldman Sachs Asset Management.