Better Place is the world’s first Electric Recharge Grid Operator (ERGO). Better Place’s framework integrates lithium ion batteries, charge spots and renewable electricity generation to create a zero emission transportation system based on the use of electric cars. Israel Corp. holds 30%* of Better Place. 

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In 2007 Israel Corp. became the lead investor in Better Place as part of its focus on building an environmentally responsible portfolio. Its investment was made from its recognition that the market’s shift from gas-powered to electric-powered vehicles represented the potential for reducing harmful emissions and significant value creation.

The company's business model is similar to that of a mobile phone operator’s, including construction and operation of infrastructure, selling of consumer driving miles and partnering with the manufacturers of devices (in this case, electric cars) to provide a complete personal transportation solution.

Better Place’s vision includes the development of a complete infrastructure framework for supporting electric vehicles, including hardware, software and installation mechanism, to be deployed in multiple countries around the world. Its electric recharge grid will include massive numbers of electric sockets (“charge spots”) located in parking lots at work, home and urban centers. The spots will be used to charge the batteries of electric cars where they are parked. To support long distance travel, battery swapping locations (“swap stations”) will be placed in convenient locations similar to today’s filling stations.

 

Click here for more information about Better Place on its web site.

 

Better Place is the world’s first Electric Recharge Grid Operator (ERGO). Better Place’s framework integrates lithium ion batteries, charge spots and renewable electricity generation to create a zero emission transportation system based on the use of electric cars. Israel Corp. holds 30%* of Better Place. 

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In 2007 Israel Corp. became the lead investor in Better Place as part of its focus on building an environmentally responsible portfolio. Its investment was made from its recognition that the market’s shift from gas-powered to electric-powered vehicles represented the potential for reducing harmful emissions and significant value creation.

The company's business model is similar to that of a mobile phone operator’s, including construction and operation of infrastructure, selling of consumer driving miles and partnering with the manufacturers of devices (in this case, electric cars) to provide a complete personal transportation solution.

Better Place’s vision includes the development of a complete infrastructure framework for supporting electric vehicles, including hardware, software and installation mechanism, to be deployed in multiple countries around the world. Its electric recharge grid will include massive numbers of electric sockets (“charge spots”) located in parking lots at work, home and urban centers. The spots will be used to charge the batteries of electric cars where they are parked. To support long distance travel, battery swapping locations (“swap stations”) will be placed in convenient locations similar to today’s filling stations.

 

Click here for more information about Better Place on its web site.