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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

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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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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.

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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.

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Drive Electric Submission on the Emissions Reduction Plan Discussion Document

Drive Electric

Many leading markets and car manufacturers have committed to effectively phasing out fossil fuel powered light vehicles. One of the largest RHD markets, the United Kingdom, has been transitioning towards this outcome for many years creating an “Office of Low Emission Vehicles” in 2014. This will happen from 2030. There are 3.5

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Nissan signs electric car alliance with Europcar

Green Cars News

Japanese carmaker Nissan and leading car rental firm, Europcar are forming a partnership to market electric vehicles by 2010. This partnership between Europcar Groupe and Nissan is unique in the vehicle rental market and displays substance to Europcar’s commitment to raise the awareness of its customers concerning environmental issues.

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Pike Research makes 10 electric vehicle predictions for 2013

Green Car Congress

More broadly, Pike envisions PEV sales in California—the leading market for such in the US—expanding into smaller urban and suburban regions with more dealers beginning to offer the vehicles. The lack of funding opportunities will force some companies to exit the market or be acquired on less than generous terms.

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