Israeli 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.
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Israel 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.
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.