Filed under: EV/Plug-in, Green Culture, Europe/EU, USA, Middle East



Better Place, the electric-vehicle battery-swapping technology developer, is swapping out its US and Australia operations to save cash and will focus its efforts on Denmark and Israel.

The company, which had operated offices in California's Silicon Valley, referred to Denmark and Israel as "its two core markets" and says sales there "are gathering momentum." Better Place started deliveries of Renault Fluence Z.E. EVs in Israel last January and said last summer that its vehicles had exceeded one million kilometers (625,000 miles) using battery-swapping stations in Israel and Denmark.

Last month, the company said CEO Evan Thornley had stepped down after just four months on the job. Thornley, who has been succeeded by Dan Cohen, had been head of Better Place's Australia operations before replacing founder Shai Agassi in October. The company reportedly amassed more than $560 million in losses since its 2007 founding. Check out Better Place's press release below.Continue reading Better Place swaps US, Australia operations for a focus on Israel, Denmark

Better Place swaps US, Australia operations for a focus on Israel, Denmark originally appeared on AutoblogGreen on Thu, 07 Feb 2013 11:46:00 EST. Please see our terms for use of feeds.



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