Inside The Fall Of Shai Agassi And Project Better Place

How would you run a whole country without oil? Israeli entrepreneur Shai Agassi wanted to find out, and the result was a company called A Better Place.

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Billion-Dollar Project Better Place Bought For $450,000

Just two years ago, Shai Agassi’s innovative battery-swapping electric automaker/infrastructure builder Project Better Place was valued at around $2 billion.

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Project Better Place Saved! 15 Charging Stations to Stay Online

Saved! Israeli businessman Yosef Abramowitz (owner of Arava Power, a solar energy provider in the region) seems set to buy Project Better Place’s Israeli assets and bring them under his Sunrise SL corporate umbrella.

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Suck and Fail: Project Better Place to be Liquidated

Project Better Place partnered with Nissan and Renault to create a battery-swap system that would be very familiar to anyone who buys a lot of cordless power tools, but the once-promising company looks like it’s headed the way of the Dodo, if reports are to be believed.

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Better Place Withdraws from Australia and the United States

Better Place, an organization that invented, installs, and operates electric car battery swapping stations in only 4 minutes has decided to shut down its facilities in Australia and America so that it can focus on its operations in Israel and Denmark. This does not bode well for the innovative EV infrastructure company.

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Better Place Delays Australian Rollout

It has not been a great year for electric vehicles or the companies promoting them. Project Better Place has had a particularly rough time of it, losing their CEO amid flagging sales and delayed projects. The latest bit of news from Better Place isn’t any, well, better, as partner Renault has put its rollout of the Fluence EV sedan on “indefinite hold” in Australia while Better Place gets its act together.

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Better Place Replaces CEO Shai Agassi

Tell me if you saw this one coming; after getting off to a slower-than-expected start, shareholders in Project Better Place have outed Shai Agassi as CEO of the electric car infrastructure company. While Agassi remains a major shareholder, his replacement does not bode well for the company’s future prospects.

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