The Electric Car Revolution Starts in Israel

Haartez interviews Better Place founder Shai Agassi during World Economic Forum in Davos.

Published: 01-Feb-2010

DAVOS, Switzerland - Shai Agassi couldn't have timed the latest round of financing for his company Better Place any better - two days before the World Economic Forum's annual meeting began in Davos, Switzerland, the company closed an unprecedented $350 million round that priced the firm at $1.25 billion.

Agassi got the idea to enter the electric car market at the World Economic Forum meeting three years ago, after leaving business software giant SAP. Since then, he has changed the company's business model and direction several times. Now, for the first time, he's presenting a clear model - his company will set up infrastructure for the cars, first in Israel and then in Denmark. After that, he wants to conquer the world.

You timed this round perfectly in terms of PR.


Camille Jenatzy was first to break 100km/hr speed barrier in his 1899 electric car, La Jamais Contente.

Former Pirelli Tire North America CEO addresses local Rotary Club.

Roadster #750 completes road trip to Detroit despite winter driving conditions and heavy snow.

Telsa will donate the full value of production car VIN 1,000 to charities.

Subaru R1e negotiating the streets of Manhattan Island, New York City.

The range limitations of most early electric cars will matter less in tightly packed urban areas, where the daily driving distance is likely to be much shorter than in the suburbs or rural areas.


blog comments powered by Disqus