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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. This brings the total capital invested in Karamba Security to $27 million.

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Better Place consortium launches electric taxi project with battery switch station at Schiphol airport

Green Car Congress

Awarded last year, the project consortium, “Greening European Transportation Infrastructure for Electric Vehicles,” is the first decarbonization infrastructure project co-financed by the European Union’s TEN-T program. Batter Place recently completed an historic “lap” around Israel by driving the Renault Fluence Z.E. million miles).

Taxi 294
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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. The Better Place Board now wishes him “the best of luck in his future endeavors.”.

Companies 231
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Wireless EV charging roads piloted in the U.S., Europe

Teslarati

Israel-based company Electreon is one such company piloting wireless roads, as detailed in a report from CNBC on Monday. The Swedish government helped finance the vast majority of the $10.5-million million project, which Electreon calls a “pre-commercial demonstration project” of the electrified road concept. In the U.S.,

Europe 92
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Intel to acquire Mobileye for $15.3 billion; targeting autonomous driving

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The combined global autonomous driving organization, which will consist of Mobileye and Intel’s Automated Driving Group, will be headquartered in Israel and led by Prof. Intel Senior Vice President Doug Davis will oversee the combined organization’s engagement across Intel’s business groups and will report to Prof.

Connect 150
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Chinese automakers bring hybrids and plug-ins to Detroit, Geneva auto shows

Green Car Congress

Guangzhou Automobile Group Co., —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 ranks No. The GAC 4x4 Trumpchi hybrid is in production.

Detroit 261