December 8, 2009 (FinancialWire) — Large-format lithium-ion battery maker Ener1, Inc. (NASDAQ: HEV) said it has received $20 million in fresh investment capital from Itochu, a Japanese commercial trading firm with ties in the automotive, utility and renewable energy industries.

According to Ener1, Itochu purchased 3.2 million shares of common stock from Ener1 at a price of $6.18 per share.

Ener1 produces battery systems for the automotive and electric utility markets through its EnerDel subsidiary in Indianapolis, Indiana. In August, the company received a $118 million cost-share grant from the U.S. Department of Energy, which will be used to help double the company’s domestic production capacity.

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