Green Car Congress

NOVEMBER 11, 2011

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

Financing 252

Financing Denmark Australia 252

Green Car Congress

JANUARY 18, 2013

Better Place CEO Evan Thornley, who took over in October 2012 ago after the departure of founding CEO Shai Agassi ( earlier post ), is now out, according to the company. Thornley’s first job, the Globes report noted, was to develop a recovery plan for Better Place’s Israeli operations—a condition for further financing.

Companies 231

Companies Denmark Financing 231

Green Car Congress

JANUARY 4, 2010

Israel-based Ampal-American Israel Corporation signed an option exercise agreement with Merhav (M.N.F) The purchase of the 25% equity stake and the conversion of the loan is subject to the initial disbursement of a loan from Banco do Brasil, the lender providing project financing to the project.

Colombia 186

Colombia Corporation Financing 186

Green Car Congress

JANUARY 19, 2013

—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. 6 among Chinese automakers with a production and sales volume of 720 thousand for vehicles and 950 thousand for motorcycles in 2012.

Detroit 261

Detroit Chinese Plug-in Auto 261

Green Car Congress

DECEMBER 18, 2012

Battery swapping gives way to battery financing. Battery swapping pioneer Better Place, which saw key executives leave in 2012, has failed to capture the expected number of subscribers to its EV service in the initial launch market of Israel and borrowed money to continue the expensive build-out of battery swap stations in Denmark.

2013 378

2013 Electric Vehicles Vehicles Plug-in 378