At a bargain basement price tag of only $450,000 the Israeli startup Gnrgy has bought the assets of the failed electric car company Better Place. Will the third time be the charm? Two other companies have tried to buy Better Place but failed. Gnrgy makes the most sense so far.
With almost a billion in financing and electric battery charge and change stations in place nationwide, at its critical hour Israel’s electric car company Better Place failed. It went bankrupt this year. One of its first investors, and biggest backers Michael Granoff will be writing a tell-all book. He speaks with Green Prophet.
Today is D-Day for electric car drivers in condos and apartments in Israel and who use the Better Place charging systems. The Israel Electric Company announced last week that yesterday was the cutoff date.
The forlorn photo of empty EV car charging posts says it all. Better Place, the electric car infrastructure company founded by entrepreneur Shai Agassi has still not found a buyer willing to come up with the actual money needed to purchase it.
Nobody was better poised to make Green EV Operation a success than Yosef Abramowitz, but the Better Place takeover in Israel failed because of the liquidator and Ministry of Transportation’s lack of cooperation.
The Better Place electric vehicle network was always an ambitious dream, and now it doesn’t have to die thanks to the man known as Captain Sunshine. The company declared bankruptcy in May, but today an Israeli court awarded the liquidation of its Israel-based assets and Swiss-based intellectual property to Yosef Abramowitz and a union of Better […]
Tesla CEO Elon Musk introduced the “latest” in electric car technology – battery pack swapping for the company’s Model S – to a gushing crowd and an even more fawning press. “Really, it’s one of those things you need to see,” wrote Chris Velazco in TechCrunch before linking to a video of Thursday’s event complete […]
Guest writer Brian Blum is an owner of a Better Place car in Israel. Now faced with uncertainty as to how he can charge his car for long range drives, he says that Better Place failed because drivers bought a car, but really it’s more like a personal bus.
Better Place’s sudden bankruptcy announcement only a week ago left more than 900 electric car owners in Israel uncertain about the future of the cars they bought. But Captain Sunshine, a solar energy pioneer in Israel says he might be able to help save Better Place.
Following Sunday’s news that Israel’s Better Place has declared bankruptcy we have to ask: what is going to happen to the 900+ car owners who signed on for the electric deal, one that promised switchable batteries at 37 stations throughout Israel? We speak to one car owner to find out.
Tesla Motors, the California maker of prestigious and high priced total electric sports cars is still to become a true reality in most countries of the Middle East where men prefer big, gas guzzling cars. But it might fill the gap after the failure of Better Place.
It is a sad day. Better Place’s battery swap technology is an obvious and practical technological solution to a basic problem of physics and electrochemistry, it is both dangerous and difficult to rapidly charge a chemical battery.
It seemed like a sure thing five years ago, but today Israel’s Better Place electric car company has pulled the plug on its electric car network in Israel as it files for bankruptcy today.
The Israeli EV company Better Place hasn’t been having an easy ride. Despite nearly a billion dollars in investment Better Place has failed to really convince the Israeli public that a swappable electric battery is the way to go. Its partner car and battery builder Renault have also lost the faith in Better Place
Now tourists can try out Better Place swappable batteries. For $65 a day, electricity and battery packs included. Better Place, Israel’s controversial electric car network provider, has had its share of issues and adverse publicity which began to heat up after its iconic founder and international CEO Shai Agassi was sacked this past October. This act […]