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

    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: , Electric car, ,   

    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: , Electric car, ,   

    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: , , Electric car, 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: , coda, Electric car, ,   

    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 4:34 pm on October 18, 2012 Permalink | Reply
    Tags: battery stations, , Electric car   

    Better Place Opens Battery Stations On Two Main Israeli Roads 

    Better Place Opens Battery Stations On Two Main Israeli RoadsIsraeli electric car company better place has opened two battery stations in Israel. One of the stations is on highway no. 1, which connects Tel Aviv and Jerusalem, and the second is on highway no. 6, a cross-Israeli toll road. The company eventually plans on having battery stations throughout Israel, located 40km apart on average.

     
  • NoCamels Team 3:04 pm on October 17, 2012 Permalink | Reply
    Tags: , elco, Electric car   

    Better Place To Supply 125 Cars To Elco In $15M Deal 

    Better Place To Supply 125 Cars To Elco In $15M DealIsraeli electric car company Better Place has signed a $15 million deal with Israeli corporation Elco. Better Place will supply Elco and its subsidiaries with 125 Renault Fluence ZE cars by the end of 2013. According to the companies, the deal may expanded further, to include up to 600 cars.

     
  • NoCamels Team 2:37 pm on October 2, 2012 Permalink | Reply
    Tags: agassi, , Electric car, , thornley   

    Better Place Replaces CEO Agassi With Evan Thornley 

    Better Place Replaces CEO Agassi With Evan ThornleyIsraeli Electric car company Better Place has announced that founder and current CEO Shai Agassi is being relieved of his position, to be replaced by the CEO of Better Place Australia, Evan Thornley. Agassi will remain in the company as a shareholder and part of the board of directors.

     
  • NoCamels Team 7:30 pm on September 26, 2012 Permalink | Reply
    Tags: , Electric car, , lease   

    Better Place Offers Electric Car Monthly Lease For For Approx. $510 

    Better Place Offers Electric Car Monthly Lease For For Approx. $510Israeli electric-car company better place has launched an initiative to encourage Israeli driver to lease electric cars. The company will offer its modified Renault Fluence model for the sum of NIS2,000 (approx. $510) per month and a down-payment of NIS9,900 (Approx. $2,530).

     
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