Better Place
Better Place
Pioneering electric car networks with a battery switch model to make EVs more affordable and convenient.
About
Better Place was a global provider of electric car networks, aiming to accelerate the mass market adoption of electric cars. Their innovative battery switch model allowed drivers to swap depleted batteries for fully charged ones at switch stations, making electric driving more convenient and sustainable than traditional petrol cars.
Key facts
At-a-glance profile data
- Headquarters
- Palo Alto, United States
- Founded
- 2007
- Total funding
- $892M (Series D)
- Business model
- B2B
Funding rounds
| Date | Round | Amount | Post-money | Lead investors |
|---|---|---|---|---|
| 29 Nov 2012 | Series D | $50M | - | - |
| 28 Aug 2012 | Debt | $50M | - | European Investment Bank (EIB) |
| 11 Nov 2011 | Series C | $201M | $2.3B | - |
| 24 Jan 2010 | Series B | $350M | $1.3B | HSBC |
| 13 May 2009 | Series A | $111M | - | - |
| 27 Jan 2009 | Series B | $130M | - | Morgan Stanley |
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Frequently asked
How much funding has Better Place raised?
Better Place has raised a total of $892M in funding. The most recent round on record is Series D.