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Electreon to supply Israel’s 4th largest bus operator with wireless charging infrastructure; simultaneous charging of 30 buses

Green Car Congress

Electreon, a provider of wireless and in-road electric vehicle (EV) charging technology, signed an agreement of cooperation with Israel public transportation company Electra Afikim. Electra Afikim is the fourth-largest bus operator in Israel with roughly 1,400 buses. This is the second commercial deal signed by Electreon in Israel.

Charging 355
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Elon Musk to meet with Israel Prime Minister Netanyahu next week: report

Teslarati

Israel Prime Minister Benjamin Netanyahu is traveling to San Francisco next week. As noted in a report from The Times of Israel , Netanyahu would pay a visit to Silicon Valley before he heads to New York to speak at the United Nations General Assembly. During his visit, the official will reportedly meet with Tesla CEO Elon Musk.

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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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Gentherm leads investment in electric battery cooling technology maker Carrar

Green Car Congress

Gentherm, a developer of innovative thermal management technologies, is the lead investor in a seed round of financing in Carrar , an Israel-based technology developer of advanced thermal management systems for the electric mobility market.

Batteries 243
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Porsche increases investment in start-ups by €150M; innovative business models in the field of mobility

Green Car Congress

As a strategic investor, Porsche is focusing on investments in business models relating to the customer experience, mobility and digital lifestyle, as well as on future technologies such as artificial intelligence, blockchain and virtual and augmented reality. The total value of the financing round is US$80 million.

Porsche 207
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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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Foresight signs a pilot agreement with one of China’s top three largest car manufacturers

Green Car Congress

Israel-based Foresight Autonomous Holdings Ltd., The pilot project will be financed by the manufacturer, except for production, shipping and system installation costs of Foresight’s Eyes-On system. The parties will consider entering into a future commercial agreement based on the results of the pilot project.