Project Better Place

Project Better Place is a name for an innovative company focused on building massive scale Electric Recharge Grids as infrastrucutre supporting the deployment of electric vehicles (including plug-in hybrids) in countries around the world.

When a driver travels long-distance, can swap batteries at an exchange station to get a fully charged battery, similar to how we now stop to fill our gas tanks today.

The Project was started by Shai Agassi on October 29th, 2007.

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Investors

It has raised funding from various sources: VantagePoint Venture Partners, Israel Corporation, Morgan Stanley and private investors.

Similar projects

In France, Électricité de France (EDF) and Toyota are installing recharging points for PHEVs on roads, streets and parking lots.^[1]. EDF is also partnering with Elektromotive, Ltd.^[2] to install 250 new charging points over six months from October 2007 in London and elsewhere in the UK.^[3] Recharging points also can be installed for specific uses, as in taxi stands.

See also

• Charging station

References

1. ^ Électricité de France (5 September 2007) "EDF et Toyota annoncent un partenariat technologique en Europe relatif aux véhicules hybrides rechargeables" press release retrieved 10 October 2007
2. ^ Elektromotive, Ltd. (2007) "Elektromotive: The ultimate zero-emission transport system" company web site retrieved 26 October 2007
3. ^ Reynolds, L. (October 11, 2007) "UK to install 250 new public charging stations by next spring". The Battery Vehicle Society retrieved 26 October 2007