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

Green Car Congress

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. —VinFast deputy CEO, Pham Thuy Linh.

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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.

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

Green Car Congress

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.

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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. Guangzhou Automobile Group. GAC Group owns several production vehicle brands such as “Trumpchi”, GAC Gonow, GAC and GAC Yangcheng.

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

Drive Electric

Slovenia, Iceland, the Netherlands, Ireland, India, Denmark, Sweden, Israel, Germany and the United Kingdom all have 2030 deadlines. If we set clear direction around EVs, because of our market size the global car manufacturers will have little trouble meeting demand. link] porate-fleets-would-drive-more-corporate-demand/.