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EV Start-Up Better Place Scores $350 Million Investment

January 26, 2010
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]

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