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. Thornley presented the plan to the board of Israel Corporation, Better Place’s controlling shareholder, in December.

2013 81

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 Existing shareholders, including Israel Corp.,

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

So far Israel, Denmark, Australia , Hawaii and California’s Bay Area have plans to implement the Better Place model. E-mail This Print Share Close Linkedin Digg Facebook Mixx My Space Permalink Alternative Energy , Automobiles , Consumers , Energy Business , Energy Economics , Government Policy , Transportation , australia , batteries , Better Place , california , denmark , electric cars , FERC , hawaii , Israel , Turkey Related Posts From Green Inc.

2009 41

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

The Renault-Nissan Alliance and Project Better Place have signed a Memorandum of Understanding to create a mass-market for electric vehicles in Israel which is an excellent target market: it has a sales tax exceeding 60% for gasoline vehicles, gasoline costs over $6 per gallon, most driving fits the range of electric vehicles, and the government strongly supports energy independence. Shai Agassi predicts that Israel will have over 100,000 electric vehicles in use by 2010.

2009 28