Nissan / Renault and Project Better Place to collaborate on line of electric cars
Large auto makers Nissan Motor Co. and Renault SA have entered a partnership to develop an all-electric car to be distributed first in Israel, then in other countries, working in collaboration with Shai Agassi’s Palo Alto-based startup Project Better Place.
PBP recently amassed $200 million in venture investments but only disclosed a vague plan to lease out batteries and electric cars, as well as provide charging stations for them. Its near-term plans now seem more concrete;… Continue Reading
Agassi raises $200M for electric car company, Better Place
When Shai Agassi departed software giant SAP AG in March, it surprised many people because he was on track to become chief executive of the giant company.
He left declaring bold plans to help convert his native Israel and its neighbor Jordan into gasoline-free economies with nationwide electronic transportation systems. It was a noble vision.
Well, now he’s already emerged, leading a new Silicon Valley company to make electric cars, backed with a whopping $200 million in… Continue Reading
Movers and shakers in the valley: Agassi, Chang, Gur and Siegel
Here are the latest moves in the Silicon Valley venture/executive world:
Shai Agassi, heir apparent at SAP, steps down — The 38-year-old Agassi, the Silicon Valley-based president of Software company SAP, was being groomed for the chief executive job, but became impatient. Stepping down, he has bold plans to help convert his native Israel and its neighbor Jordan into fuel-less economies with nationwide electronic transportation systems. That’s a noble vision, and we wish him well. (See story… Continue Reading