# Better Place

**Source:** https://www.startuphub.ai/startups/better-place
**Profile type:** Startup

> 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

- **Slug:** better-place
- **Location:** Palo Alto, United States
- **Founded:** 2007-01-20
- **Operating status:** Active
- **Total funding:** $892M
- **Sectors / tags:** Battery, Electric Vehicle (EV), Charging, Electric Vehicles, EV Charging, Battery Technology, Clean Energy, Smart Grid, Energy Storage, Climate Tech, Automotive Tech

## Frequently asked

### What does Better Place do?

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.

### What is Better Place's valuation?

StartupHub estimates Better Place's effective valuation at $1.1B (range $787.5M to $1.5B, 25% confidence), based on comparable companies in the sector.

### 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.

### Where is Better Place headquartered?

Better Place is headquartered in Palo Alto, United States.

### When was Better Place founded?

Better Place was founded in 2007.

### What industry does Better Place operate in?

Better Place operates in Battery, Electric Vehicle (EV), Charging, Electric Vehicles, EV Charging, Battery Technology.

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