Better Place

Better Place is a venture-backed international company. It is formally based in Palo Alto, California, but the bulk of its planning and operations has been steered from Israel, where both its founder Shai Agassi and its chief investors reside. Better Place develops and sells battery-charging and battery-switching services for electric vehicles. Israel is also the location of the company's first large-scale commercial pilot for battery-switching services, launched to the public in early 2012.

The company opened its first functional charging station in Israel the first week of December 2008 at Cinema City in Pi-Glilot near Tel Aviv. Better Place's primary R&D facility is located in Rosh HaAyin near Tel Aviv. The first customer deliveries began in Israel in the second quarter of 2012. This followed the earlier production deliveries of 100 Renault Fluence Z.E. in January 2012 allocated among the company's employees. As of mid September 2012, there were 21 operational battery-swap stations open to the public in Israel, and as of October 2012, 490 cars have been sold.

In early October 2012, Agassi resigned from his role as worldwide Better Place CEO, and was replaced by Evan Thornley, CEO of Better Place-Australia. Briefly, Agassi remained on the company board, but a week later he resigned from that position as well. A few days after Thornley's appointment, Better Place asked its investors for a round of emergency funding, totaling about $150 million. On October 29, 2012, Ynet reported that Better Place would that week lay off 150 to 200 people out of its 400-person staff in Israel as it seeks financing to combat its cash-flow problems.

In late January 2013, Thornley resigned, and Dan Cohen was named acting CEO by the board.

Read more about Better PlaceLaunch, Energy Sources, Cars and Batteries, Battery-switching Stations, Investors, Response, Awards, Similar Projects

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Shai Agassi - Better Place
... for a broad effort to promote the use of electric cars, embracing a joint venture between Better Place, Renault and its partner, Nissan Motor Company ... Renault and Better Place are working on development of exchangeable batteries ... In 2009 he raised an additional $135 million for Better Place Denmark, including an investment from DONG Energy the leading utility in Denmark ...
Better Place - Similar Projects
... Many companies, in addition to Better Place, are installing charging station networks ... In France, √Člectricit√© de France (EDF) and Toyota are installing recharging points for PHEVs on roads, streets and parking lots ...

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