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

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Globes in Israel reported that sources said that Thornley left over differences with Chairman Idan Ofer over Better Place’s future, especially over plans to reduce activity in global markets and focus on its core markets of Israel and Denmark.

Israel 231
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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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Gentherm leads investment in electric battery cooling technology maker Carrar

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Gentherm, a developer of innovative thermal management technologies, is the lead investor in a seed round of financing in Carrar , an Israel-based technology developer of advanced thermal management systems for the electric mobility market. —Erez Freibach, Co-founder and CEO of Carrar.

Batteries 243
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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. We have come a long way in order to bring about a global vision.

Companies 286
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Chinese automakers bring hybrids and plug-ins to Detroit, Geneva auto shows

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—a partnership between Chery Automobile, China’s largest independent car manufacturer, and Israel Corporation—is bringing its Cross Hybrid Concept to the Geneva Motor Show in March. In addition, GAC Group has joint ventures with global automakers such as Toyota, Honda, Fiat-Chrysler, Mitsubishi and Hino for vehicle production.

Detroit 261
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Pike Research makes 10 electric vehicle predictions for 2013

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Sales of plug-in vehicles (PEVs) in 2013 will continue to outpace the first years of hybrid vehicle sales as more than 210,000 PEVs will be sold globally and more than three dozen PEV models will debut, according to a year-end free whitepaper published by Pike Research, that makes 10 specific predictions about electric vehicles in 2013.

2013 378
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Karamba Security raises $10M in new funding; round led by VinFast

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Israel-based Karamba Security , a leading developer of endpoint protection for connected devices, has secured $10 million in new funding in an extension to its B Round financing. —VinFast deputy CEO, Pham Thuy Linh.