GE invests in Think electric car and A123 Systems

In two connected investments, General Electric has put $4 million into Think, a Norwegian electric car manufacturer, and $20 million into A123 Systems, which manufactures batteries that are used in the cars.

Both companies are already well funded. Think has taken over $80 million to date and A123 has topped $150 million (past coverage here). The new investment by GE makes it the single largest shareholder in the latter company.

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A123 is also planning an IPO sometime in the next year, and Think is preparing to roll out the Think City in Europe.