01 Dec '11, 9pm

Cleantech VC Investments in November Near $500M: The $200 million round for Better Place leads the month and p...

(Palo Alto, California) scored $200 million from their investors in a Round C (bringing total VC funding to date to $750 million) to launch its grand vision of car transportation-as-a-service, along with battery swapping. The company states that the its valuation is "$2.25 billion (post money valuation on a fully diluted basis)." New investors in the round include GE and UBS AG, among others. Existing shareholders, including Israel Corp., HSBC Group, Morgan Stanley Investment Management, VantagePoint Capital Partners, Ofer Group and Maniv Energy Capital, also joined the round.

Full article: http://www.greentechmedia.com/articles/read/Cleantech-VC-...

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