11 Nov '11, 11pm

Better Place Scores $200M In VC for Electric Vehicle Infrastructure

Either you're in the camp that electric vehicles are going to look like internal combustion vehicles with propreitary designs and battery packs integrated into the platform. Like Tesla's platform, for instance. Or you're in the swappable battery camp. With Shai Agassi's Better Place. Better Place just scored $200 million from their investors in a Round C, bringing total VC funding to date to $750 milion to launch its grand vision of car transportation-as-a-service along with battery swapping. The company states that the company’s valuation is "$2.25 billion (post money valuation on a fully diluted basis)." Company valuations are not usually provided in funding press releases, nor are funding announcements usually made late on a holiday Friday or in the case of the Israel-centric Better Place, on the Sabbath. The company claims that "the launch of the first nationwide elect...

Full article: http://www.greentechmedia.com/articles/read/Better-Place-...

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