Tech Company Financing Transactions
Better Place Funding Round
Better Place closed a $200 million Series C investment round on 11/14/2011. Backers included GE Ventures, HSBC and Morgan Stanley Expansion Capital.
Transaction Overview
Company Name
Announced On
11/14/2011
Transaction Type
Venture Equity
Amount
$200,000,000
Round
Series C
Proceeds Purpose
Better Place will use the proceeds to expand into Western Europe while it continues to advance the company's deployment projects in Northern California, Southern China, Japan, Ontario, Canada, and Hawaii. The company will launch its initial commercial service in Israel and Denmark early next year and has already announced a series of consumer offerings for electric mobility services that are competitive with gasoline-based cars. Better Place will begin initial commercial service in the second quarter of 2012 in Australia, starting in Canberra.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
1070 Arastradero Rd. 220
Palo Alto, CA 94304
USA
Palo Alto, CA 94304
USA
Phone
Website
Email Address
Overview
Better Place is the world's leading electric vehicle (EV) services provider, catalyzing the transition to sustainable transportation.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Dan Cohen
Chief Financial Officer
Alan Gelman
Chief Marketing Officer
Peter Economides
VP - General Counsel
Alastair Short
VP - Human Resources
Zivit Inbar
VP - Operations
Avi Jacoby
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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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