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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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Qoros premieres first production vehicle, hybrid concept at Geneva

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Qoros Automotive, an equal joint venture partnership founded in 2007 between China-based Chery Automobile and Israel Corporation, is presenting the world premiere of its first series production vehicle, the C-segment Qoros 3 Sedan, at the Geneva International Motor Show. liter turbocharged engine, both with GDI (gasoline direct injection).

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Better Place Launches Switchable-Battery Electric Taxi Project in Tokyo; Converted Crossovers with A123 Systems Packs

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Electric taxi driving through Ginza in Tokyo. Better Place launched a 90-day switchable-battery electric taxi in Tokyo in partnership with the Japanese Ministry of Economy, Trade, and Industry, and Nihon Kotsu, Tokyo’s largest taxi operator. Battery being lifted into the underbelly of the electric taxi during battery switch process.

Taxi 262
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Alcoa and Phinergy enter joint development agreement for high energy-density aluminum-air batteries

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Alcoa and Israel-based Phinergy have entered into a joint development agreement to develop further Phinergy ’s aluminum-air batteries. Automotive manufacturers are looking for technologies that enable zero-emission cars to travel the same kinds of distances as gasoline-powered cars. Batteries Electric (Battery)' Earlier post.).

Batteries 357
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GE and Better Place Partner to Accelerate EV Infrastructure Deployment; Integrating GE WattStation with Better Place Services

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GE and Better Place have formed a technology and financing partnership to accelerate the global deployment of electric vehicle infrastructure through collaboration in four key areas: standards-based technology development; battery financing; joint fleet electrification programs; and consumer awareness.

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Renault and Better Place partner in Australia to launch Fluence Z.E. with switchable battery in 2012

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Under this agreement, Renault will import the first electric car equipped with a switchable battery, the Fluence Z.E. earlier post ), into Australia, and Better Place will provide the electric car charging network and services that make the car more convenient and affordable for the mass market. The Fluence Z.E. Fluence Z.E.

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

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The E-JET concept range extended electric vehicle from GAC. At least two Chinese automakers are bringing some of their new energy vehicles—hybrid, plug-in hybrid and battery-electric—to two of the major international auto shows in the first quarter of this year. Click to enlarge. Guangzhou Automobile Group Co.,

Detroit 261