Better Place Obtains $200,000,000 Series C Funding Round

  • Feed Type
  • Date
    11/14/2011
  • Company Name
    Better Place
  • Mailing Address
    1070 Arastradero Road Palo Alto, CA 94304
  • Company Description
    Better Place is the world’s leading electric vehicle (EV) services provider, catalyzing the transition to sustainable transportation.
  • Website
    http://www.betterplace.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $200,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    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.
  • M&A Terms
  • Venture Investor
    General Electric
  • Venture Investor
    Morgan Stanley Expansion Capital
  • Venture Investor
    VantagePoint Venture Partners
  • Venture Investor
    HSBC North America
  • Venture Investor
    Undisclosed

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