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Better Place ends bid to revolutionize Israeli cars
Israel’s Better Place, once a symbol of Start-Up Nation, will liquidate after burning almost a billion dollars. Founder Shai Agassi promoted battery swapping and Renault Fluence EVs, backed by GE HSBC and EIB, but the venture failed to attract buyers or investors, despite government support and Peres backing.
MENTIONED IN THIS ARTICLE
Jerusalem
Israel
Better Place
Shai Agassi
Agassi
Rael
Shimon Peres
Bill Clinton
SAP
Time Magazine
Tial
Davos
Switzerland
General Electric Co
Hsbc Holdings PLC
European Investment Bank
Israel Corp
Idan Ofer
Renault
Associated Press