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

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."

Comments

Will Tesla buy them?

[haruchai]

Since Elon has said that the Model S ( and presumably the Model X) is capable of conversion to battery swap, perhaps Tesla will try to get the Better Place switch station tech - despite the company's failure, they did have solid working tech as Tesla could benefit tremendously by not having to reinvent, er, the wheel.

Nice idea, wrong problem

[crow]

So Better Place is liquidating while Tesla is turning a profit. This shows that they were focusing on the wrong problem. Instead of creating a new infrastructure specifically for electric cars (all of which would have to standardize on battery packs, limiting design and innovation in an emerging technology), Tesla simply made sure they could be efficient enough and pack enough batteries in for about 300 miles. Tesla also figured out relatively fast charging (slower than filling up with gas, but not horrible), and is putting charging stations in major highway corridors. If the cars become popular enough, we will eventually see charging stations all over the place.

I think people are a lot less nervous about finding an electrical outlet to charge from than they are about finding a battery swapping station.

Re:Nice idea, wrong problem

[mrvan]

This is even more so for Israel, where the longest drive you can make is from the Golan heights all the way down to Eilat, which is just about 300 miles. The borders in the North are closed (Syria and Lebanon) and most Israeli have no intention whatsoever to drive to Jordan or Egypt, and the time to cross the border is at least two hours anyway so that is probably time enough to charge your car. As regards private transportation, Israel is practically an island with 99% of Israeli citizens only ever leaving the country by air.

So, Israel is the perfect testing ground for a charging-based electric car park, and battery swapping makes a lot less sense there.

Coupled with the strategic value of being less dependent on oil while not having relations with the biggest oil producers, and the fact that solar makes a lot of sense in the middle east, I hope that another company with a more sensible model will succeed.

Not quite.

[Shivetya]

Tesla was focused on maximizing their non car selling income. If not for the tax credits, carbon credits, and so on, Tesla would not be in the position they are now. In other words, they riding on our backs and using politicians for their gain,.