NEW YORK — Ener1, Inc., battery supplier to the Think North America, has voluntarily initiated a pre-packaged Chapter 11 case in U.S. Bankruptcy Court. The lithium-ion battery maker is requesting the court approve the company’s plan of reorganization.

The plan provides for a restructuring of the Ener1’s long-term debt and the infusion of up to $81 million of equity funding which will support the continued operation of the subsidiaries and help ensure the restructuring will not adversely impact their employees, customers and suppliers.

Ener1 CEO Alex Sorokin stated in a press release, “Our business plan was impacted when demand for lithium-ion batteries slowed because of lower-than-expected adoption for electric passengers vehicles.”

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