Nearly a Billion Dollars Later, Electric Car Startup Better Place Shuts Down
May 26, 2013 at 7:55 am PT
Better Place, a startup that built battery-swapping stations for electric cars, is shutting down, it announced on Sunday. Fortune had reported that this was coming. After raising $850 million and being valued at $2.25 billion, Better Place sold 900 compatible cars in Israel and 400 in Denmark.
Tagged with automotive, bankruptcy, battery, battery swapping, Better Place, electric cars