Better Place

company

About

Better Place develops and sells battery-charging and battery-switching services for electric cars.

  • 501 - 1000

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
$50M
Industries
Automotive,Clean Energy,Electric Vehicle,Energy,Environmental Engineering
Founded date
Oct 29, 2007
Number Of Employee
501 - 1000
Operating Status
Close

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$600M
Better Place has raised a total of $600M in funding over 2 rounds. Their latest funding was raised on Aug 28, 2012 from a Debt Financing round.
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

Investors

Number of Lead Investors
Number of Investors
2
3
Better Place is funded by 3 investors. European Investment Bank and HSBC are the most recent investors.
Investor Name Lead Investor Funding Round
European Investment Bank Yes Debt Financing
HSBC Series C
Maniv Energy Capital Series C