Ener1's CEO, Dr. Peter Novak, stated, "Subhash's experience, leadership, vision and industry knowledge will add immeasurably to our alternative energy product capabilities and commercialization strategies. Subhash will lead our efforts to accelerate the development of commercial products in our lithium ion battery, fuel cells and advanced materials technology businesses."

Added Charles Gassenheimer, Ener1's Vice Chairman, "We believe that we have the best battery technology for the hybrid and plug-in hybrid electric vehicle markets. Subhash brings a wealth of knowledge and expertise, and we are confident in Subhash's ability to lead Ener1 forward in this effort and complement our executive team at Ener1, EnerDel and EnerFuel."

About Ener1, Inc.

Ener1, Inc. (OTCBB: ENEI) is an alternative energy technology company that is developing 1) lithium ion batteries for hybrid electric vehicles (HEV) at its 80.5% owned EnerDel subsidiary through corporate ventures and strategic partnerships with Delphi, ITOCHU and EnerStruct, 2) commercial fuel cell products through its EnerFuel subsidiary, and 3) nanotechnology-based materials and manufacturing processes for batteries and other applications at its NanoEner subsidiary. For more information, visit http://www.ener1.com or call 954-556-4020