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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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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