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Gentherm leads investment in electric battery cooling technology maker Carrar

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Gentherm, a developer of innovative thermal management technologies, is the lead investor in a seed round of financing in Carrar , an Israel-based technology developer of advanced thermal management systems for the electric mobility market. —Erez Freibach, Co-founder and CEO of Carrar.

Batteries 243
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Better Place closes $200M Series C financing; valuation now $2.25B

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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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BP invests in ultra-fast charging battery company StoreDot

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BP Ventures has invested $20 million in Israel-based ultra-fast charging battery developer StoreDot. StoreDot has developed a lithium ion-based battery technology which enables ultra-fast charging for the mobile and industrial markets. For a 300-mile car, this translates to 60 miles of travel range on a 1-minute charge.

Charging 170
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Better Place consortium launches electric taxi project with battery switch station at Schiphol airport

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Awarded last year, the project consortium, “Greening European Transportation Infrastructure for Electric Vehicles,” is the first decarbonization infrastructure project co-financed by the European Union’s TEN-T program. Batter Place recently completed an historic “lap” around Israel by driving the Renault Fluence Z.E. million miles).

Taxi 294
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2nd Better Place CEO out; company to be managed by Chairman of Board and CFO

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Globes in Israel reported that sources said that Thornley left over differences with Chairman Idan Ofer over Better Place’s future, especially over plans to reduce activity in global markets and focus on its core markets of Israel and Denmark. Better Place is a developer and proponent of a battery switch model for EVs.

Companies 231
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GE and Better Place Partner to Accelerate EV Infrastructure Deployment; Integrating GE WattStation with Better Place Services

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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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Better Place secures €40M European Investment Bank loan

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The remaining proceeds will be used for similar purposes in Israel. The Copenhagen-Paris corridor is 1,220 kilometers [758 miles], which is about the same distance I recently drove in a trip across Israel in a Renault Fluence Z.E., switching batteries without stopping to charge. —Shai Agassi.

Denmark 257