The board of switchable battery makers Better Place have quietly removed CEO Shai Agassi and replaced him with Better Place Australia CEO Evan Thornley. According to Globes.Co.Il, the company lost $490 million since its founding in 2007. They raised multiple rounds including a $350 million round in 2010. → Read More
According to an Ernst & Young analysis based on data from Dow Jones VentureSource, venture capital investment in US-based cleantech companies hit $1.5 billion for the second quarter, in 68 financing rounds. That translates to an increase of 63.8 percent in capital and a 4.6 percent increase in deals compared to the same period last year.
The $1.5 billion mark also means the highest level of… → Read More
I’ve been quite fascinated by electric car firm Better Place since I read up on how the company was founded by former SAP executive Shai Agassi in the excellent book ‘Start-up Nation’, which tells of Israel’s historical entrepreneurial DNA and tech success stories.
Basically, Better Place aims to reduce global dependency on petroleum through the creation of a market-based transportation… → Read More
Palo Alto-based Better Place, a company that builds electric-vehicle networks and is led by famous entrepreneur Shai Agassi, announced it will help the Japanese government in a pilot project to encourage the use of green cars in the country. Better Place will build battery exchange stations in Nippon so that drivers of electric vehicles can change drained batteries to charged ones quickly… → Read More
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