EV infrastructure developer Better Place announced today it managed to secure an extra $350 million in fresh equity as part of a second round of financing aimed at making the company fully operational by 2011, when Renault, its partner, will be ready to launch the first electric vehicle, the Fluence ZE.
The money comes from nine investors, including HSBC, Morgan Stanley Investment Management and Lazard Asset Management. HSBC alone invested $125 million and acquired 10 percent of Better Place… (read more)