Bankrupt Green Company Ener1 Backed By Republicans

New York (CNNMoney) — Electric car battery maker Ener1 filed for bankruptcy Thursday, three years after receiving a $118.5 million grant from the U.S. government.

New York (CNNMoney) — Electric car battery maker Ener1 filed for bankruptcy Thursday, three years after receiving a $118.5 million grant from the U.S. government.

By Melanie Cohen The trustee unwinding the brokerage of Lehman Brothers Holdings Inc. pushed back his estimate as to when he thinks he can start allocating $18.3 billion to a fund that will be used to pay back customers, citing an ongoing dispute with

Nearly three years ago, Ener1 received a $118 million stimulus grant to help build an EV battery factory. Now, it's filing for bankruptcy and ho.

Ener1 Inc., a developer of lithium-ion battery technology for automobiles, filed a prepackaged Chapter 11 petition in New York under which debt will be reduced by about $45 million while creditors take ownership in exchange for debt and $81 million in