Project Better Place Closing Up Shop

May 28, 2013 · Print This Article

Project Better Place, the electric vehicle company that planned to revolutionize electric vehicles and the automobile market with swapable, leased batteries for EVs, is closing down and liquidating its assets. The company was based in Silicaon Valley, but its main markets were in Denmark and Israel.

Shai Agassi, the company’s founder, had a plan to prepare electric vehicles accessible by making the batteries swappable. Like exchanging propane bottles

for your grill, you would pull in to a service station and have the batteries swapped on your EV in about the date it would take to fill a conventional gas tank. Fresh batteries and you’re ready to roll.

But the concept never caught on the way it needed to, and Project Better Place is now pulling the plug and entering liquidation. We had some skepticism about the <a […]

[Source] Cynthia

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