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

Green Car Congress

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. The Better Place Board now wishes him “the best of luck in his future endeavors.”.

Companies 231
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Intel to acquire Mobileye for $15.3 billion; targeting autonomous driving

Green Car Congress

Intel Corporation announced a definitive agreement under which Intel would acquire Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. The offer is not subject to any financing conditions.

Connect 150
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Chinese automakers bring hybrids and plug-ins to Detroit, Geneva auto shows

Green Car Congress

—a partnership between Chery Automobile, China’s largest independent car manufacturer, and Israel Corporation—is bringing its Cross Hybrid Concept to the Geneva Motor Show in March. The Cross Hybrid Concept and Estate Concept preview future Qoros designs and technologies. Guangzhou Automobile Group. Click to enlarge.

Detroit 261
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Drive Electric Submission on the Emissions Reduction Plan Discussion Document

Drive Electric

A plan is necessary to provide certainty to business and consumers that a future transport system will be affordable, convenient, safe and sustainable. New Zealanders need to understand that the future of transport will look different than it does today. We also don’t need to ‘reinvent the wheel’. Japan has a 2035 deadline.

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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. In the future, utilities will pay you to plug-in your vehicle. For the future, Renault is working on development of exchangeable batteries for continuous mobility.

Grid 28