Exhibit 31.2

CHIEF FINANCIAL OFFICER
CERTIFICATION

I,
Randall Paulfus, Chief Financial Officer of Ener1, Inc., certify that:

| | 1. | I have reviewed this Annual Report on Form 10-KSB of Ener1, Inc. ;
| | -- | ------------------------------------------------------------------

| | 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 report;
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 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;
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4. | The small business issuer 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 Registrant and have:
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 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;
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | b) | 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 ; and
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | c) | 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 fourth fiscal quarter that has materially affected, or is
               reasonably likely to materially affect, the small business issuers
               internal control over financial reporting; and
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 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):
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | a) | all
significant deficiencies and material weaknesses in the design or operation
               of internal control over financial reporting which are reasonably likely
to                adversely effect the small business issuers ability to record,
process,                summarize and report financial information and ; and
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 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; and
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Date: April 15, 2005 |  | BY: /S/ Randall Paulfus
Randall PaulfusChief Financial Officer(Principal Financial and Accounting Officer)
|-------------------- |  | ------------------------------------------------------------------------------------------------------------------------