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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

Financing 252
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2nd Better Place CEO out; company to be managed by Chairman of Board and CFO

Green Car Congress

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
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EV battery swap company Better Place files for liquidation

Green Car Congress

Better Place, a high-profile developer and proponent of a battery switch model for electric vehicles ( earlier post ), filed a motion with the Lod District Court in Israel to ask for the dissolution of the company and the appointment of a temporary liquidator. We have come a long way in order to bring about a global vision.

Companies 286
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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. In addition, GAC Group has joint ventures with global automakers such as Toyota, Honda, Fiat-Chrysler, Mitsubishi and Hino for vehicle production.

Detroit 261
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Nissan signs electric car alliance with Europcar

Green Cars News

Nissan through the Renault-Nissan Alliance has committed to being a global leader in zero-emission vehicles,” said Eric Nicolas, senior vice president, administration and finance Nissan International SA. The Renault-Nissan Alliance will introduce zero-emission vehicles in the United States and Japan starting from 2010.

Nissan 42
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Pike Research makes 10 electric vehicle predictions for 2013

Green Car Congress

Sales of plug-in vehicles (PEVs) in 2013 will continue to outpace the first years of hybrid vehicle sales as more than 210,000 PEVs will be sold globally and more than three dozen PEV models will debut, according to a year-end free whitepaper published by Pike Research, that makes 10 specific predictions about electric vehicles in 2013.

2013 378
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Greenlings: Benefits of charging stations vs. battery swaps vs. home charging

Tony Karrer Delicious EVdriven

To end dependence of foreign-sourced fuels and all the political baggage associated with them, to have clean air, and to stop global warming are goals that we can achieve. At this early stage in what amounts to a global revolution, that is to be expected. for 2012 Featured stories Feed Greenlings: What is regenerative braking?