Press Release

Lithium-Ion Battery Leader Ener1 Takes Stake in Electric Vehicle Maker Think Global

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E: rcarroll@ener1.com E: hdrage@waggeneredstrom.com

SOURCE Ener1, Inc.

INVESTOR RELATIONS: Rachel Carroll, VP Corporate Communications, Ener1, +1-212-920-3500, rcarroll@ener1.com; MEDIA RELATIONS: Haley Drage, Waggener Edstrom Worldwide, +1-425-638-7438, hdrage@waggeneredstrom.com