Monday, May 10, 2010

Better Place Closes On $350M In Funding

Palo Alto-based Better Place, which is creating a network of electric charging stations for the electric car industry, has just closed on $350M in a funding round, according to a regulatory filing by the firm today. The firm, which reported it was raising the funding in January, had said the funding was coming from HSBC Group, Morgan Stanley Investment Management, Lazard Asset Management, Israel Corp., VantagePoint Venture Partners, Ofer Hi-Tech Holdings and Maniv Energy Capital.