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Electreon to supply Israel’s 4th largest bus operator with wireless charging infrastructure; simultaneous charging of 30 buses

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Electreon, a provider of wireless and in-road electric vehicle (EV) charging technology, signed an agreement of cooperation with Israel public transportation company Electra Afikim. Electra Afikim is the fourth-largest bus operator in Israel with roughly 1,400 buses. This is the second commercial deal signed by Electreon in Israel.

Israel 355
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Ampal Signs Option Exercise Agreement to Acquire 25% in Ethanol Project in Colombia

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Israel-based Ampal-American Israel Corporation signed an option exercise agreement with Merhav (M.N.F) The purchase of the 25% equity stake and the conversion of the loan is subject to the initial disbursement of a loan from Banco do Brasil, the lender providing project financing to the project.

Colombia 186
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Better Place Secures $350M Series B Round led by HSBC Group

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Better Place, the global provider of EV networks and services, has signed an agreement with an HSBC-led investor consortium for new equity financing of $350 million. The announcement comes almost two years after Better Place announced its first car partnership and its first country deployment in Israel. —Shai Agassi.

Israel 218
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Primus Green Energy raises $12 million for renewable gasoline technology

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developer of a proprietary process to produce gasoline and other fuels from biomass and/or natural gas ( earlier post ), has completed its third round of funding with the recent $12-million investment by IC Green Energy Ltd, the renewable energy arm of Israel Corp. Primus Green Energy Inc.,

Gasoline 231
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EV battery swap company Better Place files for liquidation

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Better Place, a high-profile developer and proponent of a battery switch model for electric vehicles ( earlier post ), filed a motion with the Lod District Court in Israel to ask for the dissolution of the company and the appointment of a temporary liquidator. Israel was the first place in which an electrical car could travel without limit.

Companies 286
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Foresight signs a pilot agreement with one of China’s top three largest car manufacturers

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Israel-based Foresight Autonomous Holdings Ltd., The pilot project will be financed by the manufacturer, except for production, shipping and system installation costs of Foresight’s Eyes-On system. The parties will consider entering into a future commercial agreement based on the results of the pilot project.

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Pike Research makes 10 electric vehicle predictions for 2013

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The EV battery industry continues to await commercially viable breakthroughs in energy and power density that could lead to a new level of performance. Battery swapping gives way to battery financing. Established players will face increasing competition from smaller companies and the recent startups.

2013 378