Company Profile

Ener1, Inc. (OTCBB: ENEI) is a public company committed to providing near-and long-term solutions that meet the world's escalating need for alternative energy. The company's operating subsidiaries develop and market technologies and products that enable renewable energy to become a viable alternative to fossil fuels, including lithium batteries for hybrid vehicles and fuel cells for a multitude of applications.

The innovations generated from Ener1's operating companies yield numerous benefits, including greater energy and economic security through decreased dependence on foreign sources of energy, higher power density necessary to efficiently fuel next generation vehicles, and a cleaner environment. These companies are built around proprietary technologies, experienced management and partnerships with industry leaders to profit from the growing demand for energy sources to fuel the economies of developing countries and industrialized nations.

Ener1's major shareholders are Ener1 Group, Inc. ( www.ener1group.com ), a privately held, global investment and advisory firm, and ITOCHU Corporation ( www.itochu.co.jp ), a large Japanese trading company with annual revenue of approximately $90 billion and 160 offices in more than 80 countries. Ener1 has also received funding from eight institutional investors.

Ener1's interests include 80.5% of EnerDel ( www.enerdel.com ), a lithium battery company in which Delphi Corp. (NYSE: DPH) owns 19.5%, 100% of EnerFuel, a company that designs and develops technologies that advance PEM fuel cells ( www.enerfuel.com ), 100% of NanoEner, a company that is researching nanotechnology-based materials and manufacturing processes for batteries and other applications ( www.nanoener.com ), and 49% of Enerstruct, a Japanese lithium battery technology company in which Ener1's strategic investor ITOCHU owns 51%.