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  • mayay 12:05 pm on July 7, 2014 Permalink | Reply
    Tags: Better Place, , , green environment news, , newrgy, ,   

    Shai Agassi Set To Open Electric Transportation Company ‘Newrgy’ 

    newrgyJuly 7, 2014 | Israeli entrepreneur Shai Agassi, former CEO of Better Place, is set to open an electric public transportation company in Europe called ‘Newrgy’, according to a “Globes” report. The announcement came just a year after the liquidation of Agassi’s electric car venture Better Place during a conference on alternative solutions to municipal transportation in London at the end of June. Major car manufacturers such as Mercedes Benz, BMW, Ford and other executives in the electric and battery-powered car sector attended the event. The extent of Newrgy’s financing as well as initial seed investors are still unknown. Former Better Place executives believe that Agassi will focus on electric methods of public transportation, including electric cabs, that are popular and profitable solutions in European cities.

     
  • NoCamels Team 3:24 pm on August 26, 2013 Permalink | Reply
    Tags: , , Better Place, success assests, sunrise consortium   

    Final Price Tag For Better Place: $11M 

    Final Price Tag For Better Place: $11MIsraeli electric car venture Better Place, who went bankrupt last May, has finally been acquired. The company, once valued at $2.25 billion, will be sold for a final price of $11 million.

    Initially, the company was supposed to be sold to the Sunrise consortium, owned by Better Place car owners, but they failed to make the first payment.

    Now, the company will be sold to Success Assets Ltd.

     
  • NoCamels Team 7:34 pm on July 10, 2013 Permalink | Reply
    Tags: , association for the promotion of the electric car in israel, , Better Place, , liquidation, , sunrise   

    Better Place To Be Sold For $11.8M 

    Better Place To Be Sold For $11.8MIsraeli bankrupt electric car venture Better Place, which shut down late last May, is being acquired for NIS 43 million (approx. $11.8 million). An Israeli court approved the recommendation of Better Place’s liquidators, to sell the company’s physical assets for NIS 18 million and its intellectual property for an additional NIS 25 million.

    The intellectual property is still subject to approval by better place’s Swiss seller. Better Place’s new owners will be Sunrise Ltd. and the Association for the Promotion of the Electric Car in Israel. The company has raised more than $850 million in its 6 years of operation and at one point was evaluated at $2.25 billion.

     
  • NoCamels Team 2:39 pm on May 26, 2013 Permalink | Reply
    Tags: Better Place, ,   

    Electric Car Venture Better Place To Shut Down 

    Electric Car Venture Better Place To Shut DownIsraeli electric car venture Better Place has decided to shut its door. The reasons for shutting the company down are mainly do too sluggish sales and an unsuccessful financing round. According to Reuters, the company raised more than $850 million from top-tier investors and just two years ago said it was valued at $2.25 billion.

    The company was founded in 2007 by Shai Agassi, who served as the companies CEO until his resignation in 2012. The company┬ápartnered with Renault in 2008 to create an electric car system combining charging terminals with battery swap stations to increase the range of electric cars and put an end to drivers’ worries about running out of power.

     
  • NoCamels Team 5:59 pm on February 27, 2013 Permalink | Reply
    Tags: Better Place, , ,   

    Better Place Gets $33M Injection From Israel Corp 

    Better Place Gets $33M Injection From Israel CorpIsraeli electric car venture Better Place has received another cash injection from Israel Corp totaling at $33 million. A few months ago, the corporation injected another $33 million, making its total investment in the company $300 million.

     
  • NoCamels Team 11:58 am on February 20, 2013 Permalink | Reply
    Tags: Better Place, , ,   

    Better Place To Get $50M Injection 

    Better Place To Get $50M InjectionIsrael Corp, which owns the controlling share of electric car venture Better Place is preparing to inject $32 million to the company. Financial magazine Calcalist reports that the injection will occur within the next few days. In addition, Better Place will receive $18 million from private investors.

     
  • NoCamels Team 12:42 pm on February 4, 2013 Permalink | Reply
    Tags: , Better Place, , january, ,   

    A Record Month For Better Place: 102 Cars Sold In January 

    A Record Month For Better Place: 102 Cars Sold In JanuaryIsraeli electric car venture Better Place has reported record sales in January 2013, selling 102 Renault Fluence ZE cars in total. The company sold only five cars in December of last year and 25 in November. In 2012, the company sold a total of 518 cars.

     
  • NoCamels Team 11:51 am on December 12, 2012 Permalink | Reply
    Tags: Better Place, coda, , ,   

    Better Place To Cooperate With American CODA 

    Better Place To Cooperate With American CODAAmerican electric car company CODA automotive will join forces with Israeli electric car venture Better Place on its San Francisco pilot in 2014. CODA will supply a modified version of its electric cars that will make use of Better Place’s charging stations, to be deployed in San Francisco in 2014.

     
  • NoCamels Team 2:05 pm on November 1, 2012 Permalink | Reply
    Tags: Better Place, , ,   

    Better Place Gets $67M Injection From Israel Corp. 

    Better Place Gets $67M Injection From Israel Corp.In light of financial difficulties facing electric car venture Better Place, Israeli corporation Israel Corp., which owns 28 percent of the venture, has announced that it will invest an additional $67 million in the company. Following the recent turmoil, in which founder Shai Agassi stepped down from the CEO position, Better Place has asked investors for $100 million in additional funding.

     
  • NoCamels Team 2:21 pm on October 30, 2012 Permalink | Reply
    Tags: Better Place, cutbacks, evan thornly,   

    Electric Car Company Better Place To Fire 150 R&D Workers 

    Electric Car Company Better Place To Fire 150 R&D WorkersIsraeli-founded electric car venture better place plans to slash at least 150 workers from its Israeli R&D center. The cut in manpower is due to company’s financial remodeling, brought upon by CEO Evan Thornly, who replaced Better Place’s founder, Israeli entrepreneur Shai Agassi.

     
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