|   |  1)                I have reviewed this annual report on Form 10-KSB of Ener1,                Inc.; |
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|   | 2)                Based on my knowledge, this 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                report; |
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|   | 3)                Based on my knowledge, the financial statements, and other financial                information included in this report, fairly present in all material                respects the financial condition, results of operations and cash                flows of                the small business issuer as of, and for, the periods presented in                this                report; |
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|   | 4)                The small business issuer's other certifying officer and I are responsible                for establishing and maintaining disclosure controls and procedures                (as                defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the small                business issuer and have: |
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|   |   | a)                Designed such disclosure controls and procedures, or caused such                disclosure controls and procedures to be designed under our supervision,                to ensure that material information relating to the small business                issuer,                including its consolidated subsidiaries, is made known to us by others                within those entities, particularly during the period in which this                report                is being prepared; |
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|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |   | b)                                                    [Paragraph                omitted pursuant to SEC Release Nos. 33-8618, 34-52492 and                33-8760];                                                                                                                                                              |

|   |   | c)                Evaluated the effectiveness of the small business issuer's disclosure                controls and procedures and presented in this report our conclusions                about                the effectiveness of the disclosure controls and procedures, as of                the end                of the period covered by this report based on such evaluation;                and |
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|   |   | d)                Disclosed in this report any change in the small business issuer's                internal control over financial reporting that occurred during the                small                business issuer's most recent fiscal quarter (the small business                issuer's                fourth fiscal quarter in the case of an annual report) that has materially                affected, or is reasonably likely to materially affect, the small                business                issuer's internal control over financial reporting; and internal                control                over financial reporting (as defined in Exchange Act Rules 13a-15(f)                and                15d-15(f)). |
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|   | 5)                The small business issuer's other certifying officer and I have disclosed,                based on our most recent evaluation of internal control over financial                reporting, to the small business issuer's auditors and the audit                committee                of small business issuer's board of directors (or persons performing                the                equivalent functions): |
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|   |   | a)                All significant deficiencies and material weaknesses in the design                or                operation of internal control over financial reporting which are                reasonably likely to adversely affect the small business issuer's                ability                to record, process, summarize and report financial information;                and |
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|   |   | b)                Any fraud, whether or not material, that involves management or other                employees who have a significant role in the small business issuer's                internal control over financial                reporting. |
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|   |   | Date: March                11, 2008 /s/                Gerard Herlihy                                                                                                                                    |
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|   |   | By:                Gerard HerlihyTitle:                Chief Financial Officer(Duly                Authorized Principal Financial andAccounting                Officer and Duly Authorized                Officer) |

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