web analytics
August 28, 2014 / 2 Elul, 5774
At a Glance
News & Views
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



‘Better Place’ Electric Car Goes Belly Up

By: JTA

The electric car company Better Place, which had pledged to erect electric car charging stations throughout Israel, filed for bankruptcy in an Israeli court on Sunday.

The company, based in Palo Alto, Calif., fired about half of its staff in October 2012.

Better Place provides charge spots and battery-switch stations for the Renault Fluence ZE, an electric car that went on sale last year in Israel. Fewer than 1,000 of the cars have been sold in Israel.

Better Place had raised more than $850 million in investments since its founding in 2007, but it lost $812 million in 2012 alone and would have needed at least another four years and investment of some $500 million to reach a breakeven point, Globes business daily reported.

“We stand by the original vision as formulated by Shai Agassi of creating a green alternative that would lessen our dependence on highly polluting transportation technologies,” the company’s management said in a statement issued Sunday. “The vision is still valid and important and we remain hopeful that eventually the vision will be realized for the benefit of a better world. However, Better Place will not be able to take part in the realization of this vision.”

Agassi, the Israeli-American founder of Better Place, was ousted by its board last year. Agassi then resigned from the company’s board of directors.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

One Response to “‘Better Place’ Electric Car Goes Belly Up”

  1. Batteries needs electricity grids are the most not "green", the best for Israel hydrogen technology with natural gas to convert in hydrogen and carbon, is technology from a company in Norway.

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
A search team in the Jerusalem Forest looking for Aharon Sofer
Body Found in Jerusalem Forest Being Examined On Site by Abu Kabir Experts
Latest News Stories
A search team in the Jerusalem Forest looking for Aharon Sofer

Searchers for missing yeshiva student Aharon Sofer have found an unidentified body in the Jerusalem Forest.

Chief Hezbollah terrorist Hassan Nasrallah.

Drug dealers suspected of aiding Hezbollah make inroads into Israel; smuggling attempts also included Jordan, Syria

No longer the Prime Minister of Turkey, Recep Tayyip Erdogan was sworn in as President of Turkey today. As a result, Erdogan will continue driving Turkey down his Islamic path for another 5 years, as Erdogan consolidates the power under the presidency. His foreign minister and ally, Ahmet Davutoğlu, will be taking over as Prime […]

IDF soldiers fired warning shots at a group of Gazans who approached the border fence near Nachal Oz. The group distanced itself from the fence, and there are no reports of injuries.

Only time PLO seems interested in justice for Palestinians is when Israel is involved

The United Nations Relief Works Agency (UNRWA) has come under increasing fire in recent weeks for aiding Hamas in the terror group’s war against Israel, with one advocacy group lodging a formal complaint against the organization. As evidence seems to continue to emerge of the use of the agency’s schools and clinics as Hamas storehouses, […]

Jews in Mariupol, Ukraine are trapped as rebels, Russians and Ukraine forces advance towards their city to fight for control.

One Arab tried to infiltrate Israel and dozens stoned IDF troops over the Gaza security fence Thursday, as Gazans celebrated their “victory” over Israel by initiating low-level clashes near Kibbutz Nahal Oz. IDF forces responded with warning shots in the air. No injuries or property damage were reported.

Uzi Arad launches ferocious attack on Netanyahu, DM Ya’alon. Praises home front but says pols giving nothing but marketing spin.

For the third time in a week, an Israeli unmanned aerial vehicle (UAV) was shot down, this time in Iraq, near the Baghdad Airport.

An advocacy group has lodged a formal complaint claiming UNRWA has far exceeded its mandate by aiding and sustaining the psychological and physical assault on Israeli civilians and infrastructure.

Israel’s Ambassador to the United Nations is demanding the world body take action against Hamas for its use of human shields.

A Spanish Islamic cleric near Madrid is calling for the ‘destruction of the Jews’ and prays God will “not spare a single one of them.”

Two people were wounded after numerous mortar shells were fired into northern Israel from Syria on Wednesday in 3 separate attacks.

Overnight another rocket or shell was launched at Israel from Syria.

More Articles from JTA

Nearly 200 Hollywood elite, including Sylvester Stallone and Seth Rogen, signed a statement condemning Hamas as its conflict with Israel continues.

Police entered the apartment after relatives were unable to contact the couple.

If you are worried about your child marrying a non-Jew, and you should be, then move to Israel.

If “the only thing we have to fear is fear itself,” Diaspora Jews are in big trouble.

Al Qaeda wants the US to free terrorists in return for freeing Warren Weinstein.

At least six Haredi protesters were arrested and a police officer was wounded in demonstrations in at least three Israeli cities Sunday following the arrest of a yeshiva student for ignoring a draft notice. Hundreds of protesters blocked busy intersections in Jerusalem, Bnei Brak, Modiin Illit and Beit Shemesh. The yeshiva student has been arrested […]

Police in Melbourne arrested seven pro-Palestinian protesters who stormed the roof of an Israel-based company.

Violent assaults on Jews are becoming more common around the world.

    Latest Poll

    Do you think the FAA ban on US flights to Israel is political?






    View Results

    Loading ... Loading ...

Printed from: http://www.jewishpress.com/news/breaking-news/better-place-electric-car-goes-belly-up/2013/05/26/

Scan this QR code to visit this page online: