Better Place develops and sells battery-charging and battery-switching services for electric cars.
Better Place, an electric vehicle services provider, builds and operates an infrastructure and intelligent network to deliver services to drivers for the adoption of electric vehicles and optimization of energy use in North America, Japan, Australia, China, Denmark, and Israel. Its infrastructure and intelligent network provides electric car drivers with access to a network of charge spots, battery switch stations, and systems that optimize the driving experience. Better Place has a strategic partnership with Renault. Shai Agassi and Quin Garcia founded it on October 29, 2007, with its headquarters in Palo Alto in California. Better Place has operations in Israel, Denmark, and Australia. It filed for bankruptcy in November 2013.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Aug 28, 2012 | Debt Financing | $50M | 1 | European Investment Bank | — | Detail |
Nov 11, 2011 | Series C | $200M | 2 | — | — | Detail |
Jan 25, 2010 | Series B | $350M | 1 | HSBC | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
European Investment Bank | Yes | Debt Financing |
HSBC | — | Series C |
Maniv Energy Capital | — | Series C |