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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.

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Toyota Research Institute launches Toyota AI Ventures with $100M investment

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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.

Toyota 170
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Better Place lost $459M on $6.9M in sales last year; cumulative losses of $812M

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Under the Liquidation Petition filed in Israel on Sunday, Better Place listed assets of $9.5 PrivCo CEO and Corporate Lawyer Sam Hamadeh explained that the Israeli insolvency regime is based on the Companies Ordinance (New Version) 5743-1983, the Companies Regulations (Liquidation) 5477–1987, and the Bankruptcy Ordinance of 1980.

Sale 231
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2nd Better Place CEO out; company to be managed by Chairman of Board and CFO

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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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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) Israel-based Ampal-American Israel Corporation signed an option exercise agreement with Merhav (M.N.F) Colombia requires 10% ethanol blending in gasoline distributed in Colombia.

Colombia 186
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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. GE’s WattStation.