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Better Place closes $200M Series C financing; valuation now $2.25B

Green Car Congress

Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25

Financing 252
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Volvo Car Corporation, Ericsson and partners in plug-in vehicle smart on-board charging research project

Green Car Congress

Volvo Car Corporation, Ericsson, the utility company Göteborg Energi and the Viktoria Institute are collaborating in the research project ELVIIS (Electric Vehicle Intelligent Infra Structure) to develop a concept for using intelligent infrastructure for the smart on-board charging of plug-in vehicles.

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SolarCity and Honda to finance $50M more in solar projects for Honda and Acura customers and dealerships

Green Car Congress

SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The companies have already completed or initiated a range of solar projects for homeowners, dealerships and corporate facilities that total more than 12.5 Earlier post.) MW of solar generation capacity. Earlier post.)

Acura 218
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Toyota Blockchain Lab accelerating blockchain technology initiatives and external collaboration

Green Car Congress

Toyota Motor Corporation and Toyota Financial Services Corporation launched a cross-Group virtual organization, Toyota Blockchain Lab, in April 2019. TRI-AD), TOYOTA Connected Corporation, and Toyota Motor North America, Inc., and relationship-building with partner companies.

Toyota 286
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.

Financing 150
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Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Electric Vehicles India

for electric vehicle financing. India’s leading non-banking finance company for electric vehicle financing. Through the partnership the company wants to expand its business which will focus on E-Rickshaw loans, two-wheeler & three-wheeler loans, loans for utility vehicles, unsecured business and personal loans etc.

Financing 101
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2nd Better Place CEO out; company to be managed by Chairman of Board and CFO

Green Car Congress

Thornley’s first job, the Globes report noted, was to develop a recovery plan for Better Place’s Israeli operations—a condition for further financing. Thornley presented the plan to the board of Israel Corporation, Better Place’s controlling shareholder, in December.

Israel 231