EV Start-Up Better Place Scores $350 Million Investment

January 26, 2010
Better Place Israel CEO Moshe Kaplinsky displays the first electric parking lot in Israel.

Better Place Israel CEO Moshe Kaplinsky displays the first electric parking lot in Israel.

Better Place Battery Switching Test, Yokohama Japan

Better Place Battery Switching Test, Yokohama Japan

Shai Agassi and his EV start-up, Better Place, are on a roll. Just last month, we announced that the Palo Alto, California-based company brokered an amazing deal to develop charging and battery-swap infrastructure across Denmark, and now, Agassi and his colleagues have wrapped up another round of funding $350 million richer. The cash came from a consortium of investors led by HSBC, which put up $125 million of the total. We've said before that Better Place's outside-the-box business model was more than a little crazy, but if the company continues to gather backers like this, it could be crazy enough to work. [Wired]

2021
The Car Connection
See the nominees and vote »
2021
The Car Connection
Commenting is closed for this article
 
Ratings and Reviews
Rate and review your car for The Car Connection
Review your car
The Car Connection Daily Headlines
I agree to receive emails from The Car Connection. I understand that I can unsubscribe at any time. Privacy Policy.
Thank you! Please check your email for confirmation.