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
Green Car Congress
FEBRUARY 27, 2013
executed a Heads of Agreement (HOA) with Gazprom Marketing and Trading Switzerland AG (GM&T CH), a subsidiary of Russian gas major Gazprom, in which the parties agreed to negotiate in good faith a binding agreement for the sale of the LNG to be produced at the Floating LNG (FLNG) facility offshore Israel. Earlier post.). Pangea LNG B.V.
Green Car Congress
FEBRUARY 26, 2013
executed a Heads of Agreement (HOA) with Gazprom Marketing and Trading Switzerland AG (GM&T CH), a subsidiary of Russian gas major Gazprom, in which the parties agreed to negotiate in good faith a binding agreement for the sale of the LNG to be produced at the Floating LNG (FLNG) facility offshore Israel. Earlier post.). Pangea LNG B.V.
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.
Green Car Congress
MAY 26, 2013
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. Israel was the first place in which an electrical car could travel without limit.
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.
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.
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