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The Th!nk City, due out in 2009, will have a top speed of 65mph and will have a range of 110 miles on a single charge, and designed to meet all U.S. federal motor vehicle safety requirements. It will be equipped with ABS and dual front airbags. The price is estimated to be below $25,000.

Th!nk Electric Carmaker

Th!nk Electric Carmaker Coming to U.S. - Tuesday, April 22nd, 2008 - Will a car, not really capable of comfortable highway driving speeds and not that great of a distance range, make it in the US market? A couple venture capitalists on the east and west coasts seem to think so. Th!nk, a Norwegian electric car maker is coming to the US and will be based out of Menlo Park, CA. No more than a stones throw from Tesla Motors over in San Carlos, CA.

Th!nk, the Norwegian electric carmaker, secured funding from two U.S. venture capital firms to bring its business to North America. The financial backing—from Silicon Valley-based Kleiner Perkins Caufield & Byers and Boston-based Rockport Capital Partners—will allow Th!nk to set up shop in Menlo Park, California under the banner Th!nk North America. The company’s first production car will be the Th!nk City, a small all-electric vehicle capable of reaching 65 miles per hour and traveling up to 110 miles on a single charge.

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