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Electric Car Startup 'Better Place' Liquidating After $850 Million Investment

Posted by samzenpus on from the shutting-it-down dept.

awaissoft writes "Better Place hoped to transform the energy industry with electric cars and battery switching stations. Better Place wanted to make the world a better place by replacing gas stations with battery switching stations that would remove the driving mileage limitations from electric cars and eventually rid the world of fossil-fuel burning vehicles. But after six years and burning through $850 million, the company is filing for liquidation in an Israeli court. As reported by the Associated Press, Better Place's Board of Directors issued a written statement Sunday announcing that the company was winding down."

5 of 193 comments (clear)

  1. Prophetic Name by Farmer+Tim · · Score: 4, Funny

    It's definitely gone to a better place now.

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    Blank until /. makes another boneheaded UI decision.
  2. Re:not surprising by ArcadeMan · · Score: 4, Funny

    Maybe he was talking about the Apple-style model: buy a new car with pre-charged batteries! /duck

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    Get free satoshi (Bitcoin) and Dogecoins
  3. Re:Will Tesla buy them? by Anonymous Coward · · Score: 4, Funny

    Hello, you are wrong.

    Regards,

    --- Elon

  4. Re:Winding down? by crutchy · · Score: 3, Funny

    i'm sure they're going to a Better Place

  5. Misquoted by Anonymous Coward · · Score: 2, Funny

    What he actually said was "The investor money has gone to a better place.... our pockets. You're all fired and we're bankrupt. See ya, bitches."