article thumbnail

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
article thumbnail

Porsche increases investment in start-ups by €150M; innovative business models in the field of mobility

Green Car Congress

The investment activities being undertaken by Porsche Ventures build in part on the company’s existing start-up investment activities. To continue building on the success that we have enjoyed over the past few years, we must fundamentally change our business model. The total value of the financing round is US$80 million.

Porsche 207
article thumbnail

Israel Cellulosic Ethanol Startup Closes $5.5M First Round from Khosla and Burrill

Green Car Congress

Israel startup HCL CleanTech Ltd. million in its first financing round from Burrill & Company and Khosla Ventures. HCL will use proceeds to pursue R&D in Israel and build a pilot plant in the US to be completed in 2010. HCL CleanTech process. Click to enlarge. Founded by Prof. Avram Baniel and Prof.

2007 150
article thumbnail

Toyota Research Institute launches Toyota AI Ventures with $100M investment

Green Car Congress

Toyota Research Institute (TRI) is investing an initial $100 million to launch Toyota AI Ventures , a new corporate venture capital subsidiary designed to provide early-stage financing to startup technology companies. TRI participated in Nauto’s $12M Series A financing in August 2016.

Toyota 170
article thumbnail

Intel to acquire Mobileye for $15.3 billion; targeting autonomous driving

Green Car Congress

This transaction extends Intel’s strategy to invest in data-intensive market opportunities that build on the company’s strengths in computing and connectivity from the cloud, through the network, to the device. The offer is not subject to any financing conditions. Amnon Shashua, Mobileye’s Co- Founder, Chairman and CTO.

Connect 150
article thumbnail

Government, Renault and Agassi: Making Israel a Better Place for Electric Cars

Plugs and Cars

Shai Agassi's ambitious Project Better Place takes a step forward today in Israel. The government will announce its support for the venture which has been developing between Agassi and Renault to bring electric cars to the virtual island that is Israel. As I have commented before, there is no better proving grounds for EVs than Israel.

article thumbnail

ENFICA-FC Fuel Cell Inter-City Aircraft Ready for Flight Testing

Green Car Congress

the objective is that of building an aeroplane that works on hydrogen, taking advantage of the fuel cell technology at present available to create a demonstrator aircraft that is able to connect cities through flights while totally eliminating the environmental impact. million) is financed with funds allocated by the European Commission.

Fuel 225