If Better Place files for bankruptcy in a few days, as reported by Fortune, it would represent a sober end to a high-flying dream that raised hundreds of millions of dollars.
In the same week that Better Place has exited the U.S. and Australia to focus on Israeli and Denmark, Better Place founder and former CEO Shai Agassi says he still believes in the business model of swappable batteries and subscriptions for electrons.
Better Place is once again changing up its CEO, and after three months at the helm, Evan Thornley is stepping down. Founder and former CEO Shai Agassi stepped down in October, amid mounting losses and slow uptake of the electric car service.
Electric car charging startup Better Place continues to raise money from its investors — particularly Israel Corp — as it seeks to finish building out its networks in Denmark and Israel. The company is raising another $100 million on top of its previously raised $750 million.
The CEO of electric vehicle charging company Better Place, Shai Agassi, will step down as CEO and is being replaced with Evan Thornley, formerly the CEO of Better Place Australia. The company needs to make money and the initial roll out has been slow.
Four years after Better Place CEO Shai Agassi announced the startup would build out its first electric vehicle charging network in Israel, this past weekend, Better Place delivered its first 10 cars in Israel to employees at businesses.
Better Place’s network in Israel won’t be powered by much clean power at launch, CEO Shai Agassi tells me. That’s because Israel is caught up in the same battle that many clean power projects in the U.S. have faced: opposition to transmission lines.
Electric car infrastructure startup Better Place has spent the past three years talking about its vision of selling electric car miles like cell phone minutes, accompanied by a network of chargers and battery swap stations. Now it’s getting ready to deliver in Israel.
On the cusp of a new generation of electric vehicles and the buildout of a smart grid, connected cars — vehicles linked to the power grid and communication networks — could mean a transportation system for the digital age. Here are the key players involved.
The United Nations Climate Change Conference (Cop15) kicks off Monday in Copenhagen, and promises to be a hugely influential event. Entrepeneur Shai Agassi has weighed in on its importance for governments and public awareness.