Better Place Sold... For A Measly $12 Million −


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Published on July 14th, 2013 | by Zach

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Better Place Sold… For A Measly $12 Million

It is certainly sad. A lot of people were very excited about Better Place and its model. And some people invested a good chunk of money into it. But you do also have to admit that there have been many critics from Day 1. Better Place will apparently live on, but it’s not at all what Shai Agassi and team envisioned. Read on….

Better Place Sold To Sunrise Group For $12 Million (via Clean Technica)

Better Place, the organization that tried to introduce the concept of battery swapping for electric cars on a large scale but went bankrupt, has just been sold to “Sunrise Group” for $12 million. Since its start in 2007, Better Place lost $823 million…


 

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About the Author

is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy since 2009. Aside from his work on CleanTechnica and Planetsave, he's the founder and director of Solar Love, EV Obsession, and Bikocity. Zach has long-term investments in TSLA, SCTY, FSLR, SPWR, SEDG, & ABB. After years of covering solar and EVs, he simply had a lot of faith in these companies and felt like they were good companies to invest in as a portion of his retirement strategy. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.



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