Better Place raises another $200 million for electric cars and charging network

Electric vehicle infrastructure startup Better Place has raised $200 million of Series C financing from a consortium of investors including GE Capital and UBS, the company announced today.

Better Place is working with Nissan/Renault on the production of electric cars with swappable batteries that can be charged at home, or taken to battery-swapping stations where fresh batteries are inserted within minutes. Vehicle owners will rent the batteries from Better Place, and pay only for the … Continue Reading