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

Green Car Congress

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. GE’s WattStation.

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Polestar’s Q3 revenue and gross profit skyrocket, operating loss trims by 33%

Teslarati

Polestar is currently recognizing its active markets as Australia, Austria, Belgium, Canada, China, Denmark, Finland, Germany, Hong Kong, Iceland, Ireland, South Korea, Kuwait, Israel, Italy, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the UAE, U.K., and the USA.

Kuwait 76
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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. Israel was the first place in which an electrical car could travel without limit.

Companies 286
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Hyundai begins supplies of hydrogen trucks to Port of California | Autocar Professional

Baua Electric

While Hyundai Capital America provides more competitively priced leasing and financing services to trucking companies, Papé, a specialist trucking service in the West, provides vehicle maintenance and service.

Hyundai 52
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Nissan signs electric car alliance with Europcar

Green Cars News

Electric vehicles will be rolled out in France, Germany, Belgium, Spain, Italy, Portugal, the United Kingdom, Australia and New Zealand and will be subsequently extended to other countries, as part of the alliance.

Nissan 42
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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