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                                                                    Exhibit 99.3


                      CHIEF FINANCIAL OFFICER CERTIFICATION

         I,   R. Michael Brewer,  Chief Financial Officer of Ener1, Inc.,
certify that:

1.       I have reviewed  this Annual Report on Form 10-KSB of Ener1,  Inc. (the
         "Registrant");

2.       Based on my  knowledge,  this Annual Report does not contain any untrue
         statement of a material fact or omit to state a material fact necessary
         to make the statements made, in light of the circumstances  under which
         such  statements  were made, not misleading  with respect to the period
         covered by this Annual Report.

3.       Based on my knowledge,  the financial  statements,  and other financial
         information  included  in this  Annual  Report,  fairly  present in all
         material  respects the financial  condition,  results of operations and
         cash flows of the  Registrant as of, and for, the periods  presented in
         this Quarterly Report;

4.       The Registrant's  other  certifying  officers and I are responsible for
         establishing  and  maintaining  disclosure  controls and procedures (as
         defined in Exchange Act Rules 13a-14 and 15d-14) for the Registrant and
         have:

         a)       designed  such  disclosure  controls and  procedures to ensure
                  that  material   information   relating  to  the   Registrant,
                  including its consolidated  subsidiaries,  is made known to us
                  by others  within  those  entities,  particularly  during  the
                  period in which this Annual Report is being prepared;

         d)       evaluated the  effectiveness  of the  Registrant's  disclosure
                  controls and  procedures  as of a date within 90 days prior to
                  the filing date of this Annual Report (the "Evaluation Date");
                  and

         e)       presented  in this  Annual  Report our  conclusions  about the
                  effectiveness of the disclosure  controls and procedures based
                  on our evaluation as of the Evaluation Date;

5.       The Registrant's other certifying officers and I have disclosed,  based
         on our most recent  evaluation,  to the  Registrant's  auditors and the
         audit  committee  of  Registrant's   board  of  directors  (or  persons
         performing the equivalent functions):

         a)       all  significant  deficiencies  in the design or  operation of
                  internal   controls   which   could   adversely   effect   the
                  Registrant's ability to record, process,  summarize and report
                  financial  data  and  have  identified  for  the  Registrant's
                  auditors any material weaknesses in internal controls; and

         b)       any fraud,  whether or not material,  that involves management
                  or  other  employees  who  have  a  significant  role  in  the
                  Registrant's internal controls; and

6.       The Registrant's other certifying officers and I have indicated in this
         Annual Report whether or not there were significant changes in internal
         controls or in other factors that could  significantly  affect internal
         controls  subsequent  to  the  date  of  our  most  recent  evaluation,
         including   any   corrective   actions   with  regard  to   significant
         deficiencies and material weaknesses.


Date:  April 15 2003                            /s/
                                                -------------------------------
                                                R. Michael Brewer
                                                Chief Financial Officer
                                                (Principal Financial and
                                                Accounting Officer)



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