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Better Place closes $200M Series C financing; valuation now $2.25B

Green Car Congress

Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25

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Wireless EV charging roads piloted in the U.S., Europe

Teslarati

Israel-based company Electreon is one such company piloting wireless roads, as detailed in a report from CNBC on Monday. The Swedish government helped finance the vast majority of the $10.5-million million project, which Electreon calls a “pre-commercial demonstration project” of the electrified road concept. In the U.S.,

Europe 105
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Chinese automakers bring hybrids and plug-ins to Detroit, Geneva auto shows

Green Car Congress

—a partnership between Chery Automobile, China’s largest independent car manufacturer, and Israel Corporation—is bringing its Cross Hybrid Concept to the Geneva Motor Show in March. The engine delivers 106 kW (142 hp) and 167 N·m (123 lb-ft) of torque. Guangzhou Automobile Group. L/100km (35.6 BEV version of GS5.

Detroit 261
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ENFICA-FC Fuel Cell Inter-City Aircraft Ready for Flight Testing

Green Car Congress

The next step for the European team, coordinated by Professor Giulio Romeo of the Department of Aerospace Engineering at the Politecnico di Torino, will involve obtaining the flight permit and then conducting the first test flight. million) is financed with funds allocated by the European Commission. million (US$6.6 million (US$4.2

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Audi going to the moon; Audi lunar e-quattro rover

Green Car Congress

The US$30-million Google Lunar XPRIZE is a competition to challenge and inspire engineers and entrepreneurs from around the world to develop low‑cost methods of robotic space exploration. The concept of a privately financed mission to the moon is fascinating. Click to enlarge. And innovative ideas need supporters that promote them.

Audi 150
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Better Place Secures $350M Series B Round led by HSBC Group

Green Car Congress

Better Place, the global provider of EV networks and services, has signed an agreement with an HSBC-led investor consortium for new equity financing of $350 million. The announcement comes almost two years after Better Place announced its first car partnership and its first country deployment in Israel. —Shai Agassi.

Denmark 218
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Pike Research makes 10 electric vehicle predictions for 2013

Green Car Congress

These higher power batteries will last longer and allow the hotel load systems, such as heating and cooling, to continue to operate when the engine is off without causing the all-too-familiar phenomenon of the headlights dimming due to insufficient power. Battery swapping gives way to battery financing. coasting technology.

2013 378