TAG: Israel

Electric Car Battery Swapping Startup Folds

Electric Car Battery Swapping Startup Folds

A company that wanted to disrupt the electric car market through providing quick battery swapping at its network of charging stations is closing its doors and being liquidated. Better Place, the Israeli electric car infrastructure company, aimed to deliver a tech solution for a greener alternative to fossil fuel transportation through a full electric car ecosystem. The Better Place model focused on overcoming the main challenges to wider acceptance of electric vehicles, from the high cost and limited range of EVs to concerns about long charging times. The company’s vision started at the car, in this case a “switchable-battery” Renault… read more