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Electreon to supply Israel’s 4th largest bus operator with wireless charging infrastructure; simultaneous charging of 30 buses

Green Car Congress

Electreon, a provider of wireless and in-road electric vehicle (EV) charging technology, signed an agreement of cooperation with Israel public transportation company Electra Afikim. Electra Afikim is the fourth-largest bus operator in Israel with roughly 1,400 buses.

Charging 355
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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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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. billion (post money valuation on a fully diluted basis). Earlier post.).

Companies 286
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Foresight signs a pilot agreement with one of China’s top three largest car manufacturers

Green Car Congress

Israel-based Foresight Autonomous Holdings Ltd., This is the third pilot agreement the company has entered into with leading Chinese car manufacturers in recent months. The pilot project will be financed by the manufacturer, except for production, shipping and system installation costs of Foresight’s Eyes-On system.

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Wireless EV charging roads piloted in the U.S., Europe

Teslarati

More charging stations are being built, though many companies are also studying electrified roads — which could allow EVs to charge wirelessly as they drive. Israel-based company Electreon is one such company piloting wireless roads, as detailed in a report from CNBC on Monday. In the U.S.,

Europe 98
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Polestar’s Q3 revenue and gross profit skyrocket, operating loss trims by 33%

Teslarati

The Swedish automaker reiterated its 50,000-vehicle delivery goal, expecting Q4 to be its strongest three-month showing in company history. The growth was mainly driven by higher Polestar 2 sales and continued commercial expansion across markets. The company’s $1.48 The company’s $1.48 and the USA.

Kuwait 82
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Ampal Signs Option Exercise Agreement to Acquire 25% in Ethanol Project in Colombia

Green Car Congress

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.

Colombia 186