<\/p>\n
<\/a>Better Place, a Palo Alto, Calif.-based provider of electric vehicle services, announced today that it\u00a0 has raised $350 million in a Series B funding round led by HSBC. The deal values Better Place at $1.25 billion. <\/span><\/p>\nJoining HSBC, as new investors are Morgan Stanley Investment Management, and Lazard Asset Management.\u00a0 Returning investors include Israel Corp., VantagePoint Venture Partners, Ofer Hi-Tech Holdings, Morgan Stanley Principal Investments, and Maniv Energy Capital.\u00a0 HSBC led the round with an investment of $125 million and takes a 10 percent stake in the company.<\/p>\nBetter Place, founded by software executive Shai Agassi, is developing an electric car network where customers will be able to lease batteries for\u00a0a monthly fee and instead of fueling up at gas stations, they will be able to charge their batteries at home for\u00a0free or swap out batteries at various designated locations.\u00a0 The company says it’s on track to launch two test projects in Israel and Denmark in 2011.<\/p>\nPeHUB reports<\/a> that in October 2007\u00a0Better Place raised $200 million. The company says it will use the financing to expand into new markets in Europe and Asia.<\/p>\nWatch:<\/p>\n<\/embed><\/object><\/p>\n<\/p>\n","protected":false},"excerpt":{"rendered":"Better Place, a Palo Alto, Calif.-based provider of electric vehicle services, announced today that it\u00a0 has raised $350 million in a Series B funding round led by HSBC. The deal values Better Place at $1.25 billion. Joining HSBC, as new investors are Morgan Stanley Investment Management, and Lazard Asset Management.\u00a0 Returning investors include Israel Corp., […]<\/p>\n","protected":false},"author":2814,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-226058","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/226058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2814"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=226058"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/226058\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=226058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=226058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=226058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Joining HSBC, as new investors are Morgan Stanley Investment Management, and Lazard Asset Management.\u00a0 Returning investors include Israel Corp., VantagePoint Venture Partners, Ofer Hi-Tech Holdings, Morgan Stanley Principal Investments, and Maniv Energy Capital.\u00a0 HSBC led the round with an investment of $125 million and takes a 10 percent stake in the company.<\/p>\n
Better Place, founded by software executive Shai Agassi, is developing an electric car network where customers will be able to lease batteries for\u00a0a monthly fee and instead of fueling up at gas stations, they will be able to charge their batteries at home for\u00a0free or swap out batteries at various designated locations.\u00a0 The company says it’s on track to launch two test projects in Israel and Denmark in 2011.<\/p>\n
PeHUB reports<\/a> that in October 2007\u00a0Better Place raised $200 million. The company says it will use the financing to expand into new markets in Europe and Asia.<\/p>\nWatch:<\/p>\n<\/embed><\/object><\/p>\n<\/p>\n","protected":false},"excerpt":{"rendered":"Better Place, a Palo Alto, Calif.-based provider of electric vehicle services, announced today that it\u00a0 has raised $350 million in a Series B funding round led by HSBC. The deal values Better Place at $1.25 billion. Joining HSBC, as new investors are Morgan Stanley Investment Management, and Lazard Asset Management.\u00a0 Returning investors include Israel Corp., […]<\/p>\n","protected":false},"author":2814,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-226058","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/226058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2814"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=226058"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/226058\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=226058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=226058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=226058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Watch:<\/p>\n
<\/embed><\/object><\/p>\n<\/p>\n","protected":false},"excerpt":{"rendered":"Better Place, a Palo Alto, Calif.-based provider of electric vehicle services, announced today that it\u00a0 has raised $350 million in a Series B funding round led by HSBC. The deal values Better Place at $1.25 billion. Joining HSBC, as new investors are Morgan Stanley Investment Management, and Lazard Asset Management.\u00a0 Returning investors include Israel Corp., […]<\/p>\n","protected":false},"author":2814,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-226058","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/226058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2814"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=226058"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/226058\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=226058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=226058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=226058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n","protected":false},"excerpt":{"rendered":"
Better Place, a Palo Alto, Calif.-based provider of electric vehicle services, announced today that it\u00a0 has raised $350 million in a Series B funding round led by HSBC. The deal values Better Place at $1.25 billion. Joining HSBC, as new investors are Morgan Stanley Investment Management, and Lazard Asset Management.\u00a0 Returning investors include Israel Corp., […]<\/p>\n","protected":false},"author":2814,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-226058","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/226058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2814"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=226058"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/226058\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=226058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=226058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=226058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/cleantech.png\" "\\"Cleantech\\"")
![\"\"](\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" "\\"Funding\\"")
<\/p>\n![\"\"](\"http:\/\/greenenergyreporter.com\/wp-content\/uploads\/2010\/01\/Picture-41.png\" "\\"Picture")
<\/a>Better Place, a Palo Alto, Calif.-based provider of electric vehicle services, announced today that it\u00a0 has raised $350 million in a Series B funding round led by HSBC. The deal values Better Place at $1.25 billion.