THINK Global AS has been purchased by an international technology entrepreneur who is committed to maintaining the company’s role in global transportation electrification. A court-appointed trustee selected Boris G. Zingarevich, whose investment operations are based in St. Petersburg, Russia, as the winning bidder following a bankruptcy proceeding initiated by the Norwegian carmaker last month.
In addition, Zingarevich has signed a memorandum of understanding with American advanced lithium-ion battery maker Ener1, Inc. and Finnish automobile engineering and manufacturing concern Valmet Automotive, Inc. to cooperate in re-launching THINK.