Monday, January 25, 2010

Better Place Takes $350M

Palo Alto-based Better Place, a provider of services to accelerate electric vehicle adoption, said today that it has just raised $350M in a Series B round of funding. According to the firm, the funding will go into research, development, and testing, as well as deployment in early markets. The funding was led by HSBC Group, and also included Morgan Stanley Investment Management, Lazard Asset Management, Israel Corp., VantagePoint Venture Partners, Ofer Hi-Tech Holdings and Maniv Energy Capital.