Think Could Roll Out City EV This Year

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Finnish electric car manufacturer Think says it has raised enough capital in private offerings to start production on its electric City car by early next year. It also says it will introduce the Think City earlier than planned by importing models from its plant in Finland; the Think City could go on sale in the U.S. before the end of 2010.

Think raised $40 million for its plant in Elkhart, Ind., which we wrote about in our series on Indiana automakers, and expects to become “cash flow positive in 2011.”

The funding will not only get its U.S. operations rolling, but help it bring Think City models to the states on a quicker schedule. With Indiana operations not set to get underway until 2011, the plant in Finland that also builds the Porsche Cayman and Boxster will supply U.S. vehicles.

Think also has a partnership to build electric drivetrains for Mazda.

Think’s updated schedule puts the introduction of its EV in line to face-off against the all-electric Nissan Leaf later this year. Which would you rather drive?

Electric Car Maker Think on Track for Indiana Production (DriveOn)