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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 billion (post money valuation on a fully diluted basis) since the last financing in January 2010.

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

Green Car Congress

Battery Financing: GE and Better Place will develop a battery financing program that begins with a pilot project to finance 10,000 batteries in Israel and Denmark, which are the first two markets for Better Place. GE’s WattStation. Click to enlarge.

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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. TRI participated in SLAMcore’s seed financing in March 2017. TRI participated in Intuition Robotics’ $14M Series A financing in May 2017.

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Pike Research makes 10 electric vehicle predictions for 2013

Green Car Congress

The majority of these vehicles will not reach consumers’ hands, but will be deployed through agreements with fleets and made available to qualified participants in public trials. Battery swapping gives way to battery financing. Corporations are much better equipped to repurpose end-of-life EV batteries than individuals and will be able to sell into the growing market for grid energy storage.

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Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

People-Oriented Development Current Status of REDD Financing the Fifth Fuel Peak Phosphorus - Commence Urine Recyling on Space. Driving range will no longer be an obstacle, because customers will be able to plug their cars into charging units in any of the 500,000 charging spots in Israel. Shai Agassi predicts that Israel will have over 100,000 electric vehicles in use by 2010. Clean Fleet Article It would be a financial win-win for all.

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