Better Placeבטר פלייס
An electric vehicle services provider.
The company builds and operates re-charging infrastructure networks for electric powered vehicles.
Israel was chosen by the company as a pilot site for the deployment of infrastructure for electric vehicle network. On February 2012, the company launched its Israeli charging and battery replacing infrastructure, which included 33 charging stations. Two of these stations are located on road No. 90 on the occupied Jordan Valley, next to the settlements of Tomer and Kalia.
On August 2012, Better Place expanded its network by adding a new battery charging station in the city of Katzrin in the occupied Golan Heights.
On February 2013, the company announced it is shutting down operations in the US and Australia to focus on the Israeli and Danish markets. This announcement followed a halt in investment by VantagePoint Venture Partners and DONG Energy.
Better Place is a venture-backed American-Israeli company. The comapny is controled by the Ofer family, which holds approx. 30% of the comapny shares through its holding comapny - Israel Corp.
Main investores: HSBC, Morgan Stanley Investment Management, Lazard Asset Management, Israel Cleantech Ventures, Vyikra Partners, Macquarie Capital, Acorns to Oaks II, Esarbee Investments Canada, GC Investments LLC, Musea Ventures, Ofer Group, Wolfensohn & Co. and Maniv Energy Capital
CEO: Dan Cohen
The prototype of of Better Place's electric car was develop in collaboration with The Renault-Nissan Alliance.
1070 Arastradero Road, Suite 200
Palo Alto, CA 94304
Pi Glilot compound Ramat Hasharon
Tel Aviv, Israel