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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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Levant LNG signs agreement with Gazprom subsidiary on negotiation of sales of LNG produced offshore Israel

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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.).

Sale 210
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2nd Better Place CEO out; company to be managed by Chairman of Board and CFO

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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.

Companies 231
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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. Earlier post.)

Charging 170
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Karamba Security raises $10M in new funding; round led by VinFast

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Israel-based Karamba Security , a leading developer of endpoint protection for connected devices, has secured $10 million in new funding in an extension to its B Round financing. Investors in the round were motivated by Karamba’s strong customer base and leadership in IoT and automotive security.

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Levant LNG signs agreement with Gazprom subsidiary on negotiation of sales of LNG produced offshore Israel

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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.).

Sale 199
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EV battery swap company Better Place files for liquidation

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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