Company Overview

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Status:
Acquired by Sunrise Group
Founded:
October 29, 2007
Founders:
Shai Agassi
Headquarters:
Palo Alto, CA
Funding:
$925M
Categories:
Clean Technology
Description:
Better Place is a mobility operator building electric-vehicle networks powered by renewable energy sources.

Detailed Description

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Better Place is a mobility operator that aims to reduce oil dependence by delivering personal transportation as a sustainable service. Launched in 2007 with $200 million of venture funding, the company builds electric-vehicle networks powered by renewable energy to give consumers an affordable, sustainable alternative for personal mobility. Better Place is working with partners to build its first standards-based networks in Israel, Denmark, Australia, California and Hawaii. Better Place will activate networks on a country-by-country basis with initial deployments beginning in 2010.

Current Team (13)

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Past Team (7)

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Funding Rounds (7) - $925M

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Investors (8)

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  • 14e66b217cab2c5a6972e18e2c7275a5

    Israel Corp

    Israel Corporation Ltd., an investment holding company, operates in the fertilizers and specialty...
  • 765ab43299f66e57afc29355beb3f8cb

    Maniv Energy Capital

    Maniv Energy Capital was established in 2005 to explore opportunities in new energy technology.
  • 1a0646d55cf13478df982a7fac48c8e5

    Ofer Hi-Tech

    Ofer Hi-Tech was established in 1997 as a subsidiary of the Ofer Brothers Group, one of...
  • 0b07ee032f7758f21b5349a82765bfdb

    HSBC

    Venture Capital Firm
  • 21094a062b9dcf57941ab15f28b9a4eb

    General Electric

    General Electric is a diversified infrastructure, finance and media company providing services...
  • 7ad5bdf8f7d741361b960154adc47a5d

    VantagePoint Capital Partners

    VantagePoint Capital Partners (formerly VantagePoint Venture Partners, until 2011) has more than...
  • Bd218f2c3ae6df96d6c94941e9389684

    Morgan Stanley

    Preeminent financial advisor
  • 514085e8390ba60122f96f2409be7b11

    Lend Lease Ventures

    Lend Lease Ventures is the venture capital arm of Lend Lease. Lend Lease Ventures has a mandate...

Offices/Locations (1)

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  • Better Place Palo Alto

    1070 Arastradero Road,

    Suite 220

    Palo Alto, CA 94304

    USA

Images (1)

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  • 50ae7930fbbdc47ea8f357daa717d22d