BetterPlace
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EV outfit Better Place calls it quits, set to undergo liquidation
Better Place's plan for electric cars with swappable batteries is coming to an end. Despite a change in leadership and a streamlining effort over the past six months, the Israeli EV maker has filed a court motion for liquidation, citing insufficient cash to continue operations and a failure to raise the necessary funds. According to Israel Corporation, the firm's controlling shareholder, other investors willing to pitch in the vast amount of money needed couldn't be found. With approximately $812 million lost in operations and deploying battery exchange stations since 2007, and $454 million of that within 2012 alone, it's estimated that just recouping those loses would take $500 million and four years. "Unfortunately, after a year's commercial operation, it was clear to us that despite many satisfied customers, the wider public take up would not be sufficient and that the support from the car producers was not forthcoming," said Better Place CEO Dan Cohen. Sure, it might be curtains for the company, but the existing battery network looks like it might live on, as the liquidator is being asked to "maintain the functioning of the network." [Thanks, Michael]
Better Place founder Shai Agassi steps down from CEO post
Shai Agassi has guided Better Place's vision of swap-and-go battery stations for electric cars since it was founded five years ago, but now he's stepped down as the firm's CEO. Evan Thornley, who helmed the organization's Australian efforts, has taken up the mantle of global chief executive officer, while Agassi will continue his role as a board member. As the Wall Street Journal notes, the changing of the guard comes at a time when the company has been spending cash faster than it's generating revenue thanks to the construction of battery swap stations. Idan Ofer, Chairman of the Better Place Board of Directors sees this as "a natural point in the company's evolution to realign for its second chapter and for the challenges and opportunities ahead." Something tells us they wouldn't mind if future chapters are filled with more swappable batteries than Superchargers.
Better Place takes its electric vehicle network in Israel for a silent spin
Better Place has been striving to make the world, just that, with its battery-swapping approach to electric vehicles since as far back as 2008. There's been a modicum of success, with outlets and swapping stations peppered as far and wide as Denmark, California, Australia and Japan. Now, the Associated Press reports that world's first nationwide electric car network -- this time in Israel -- has been given its first test. This only equates to four battery stations at the moment, with a further 40 to follow in the second half of the year. However, the firm maintains, that even with the current infrastructure, users could comfortably drive the entire length of the nation. Renault will sell a version of its Fluence EV customized to work with the battery stations for $32,000, with different mileage options on offer. Is this the future of electric motoring? We don't know, but anything that's this much quicker than overnight charging is fine by us.
Denmark lands Europe's first Better Place EV battery swapping station
Better Place continued on its quest of global EV-battery-switching domination, Tuesday, bringing its special drop-and-swap charging solution to the fine folks of Gladsaxe, Denmark. An automated robot arm ceremoniously traded out the battery in a Renault Fluence Z.E., marking the beginning of a nine-month roll out across the country. The aptly titled Battery Switch station is the first of its kind in Europe and the first of 20 to be installed in Denmark. It was a monumental occasion, to be sure, one that could have only benefited from a performance of Michael Jackson's Heal the World as sung by Danish humanoid (and ladies' man) Geminoid-DK. Full PR after the break. [Thanks, Tesoo]
China joins Better Place on the battery-swapping bandwagon
EV's are great for getting around in a green-conscious way, but plug-in people must practice patience while waiting hours to juice up their ride. Better Place's battery swapping stations offer much faster EV refueling, which is why China Southern Power Grid Co. (CSG) is betting big on the technology. The Chinese utility giant has teamed up with Guangzhou's municipal government and Better Place to build a power pack exchange depot and an EV education center. With exhibits, meeting rooms, and EVs to test drive, the education center aims to help persuade administrative officials, captains of industry, and the general populace to jump on the electric car bandwagon. In addition, Ghuangzhou's government will "encourage local car manufacturers" to create autos with switchable batteries and "promote" EV adoption in taxis and state vehicles -- all of which seems likely to happen post-haste, 'cause what the Chinese government wants, the Chinese government gets.
Israel gets its first EV battery swap station, makes charging stations obsolete
Don't get us wrong, we think electric vehicles are totally rad and all, but there's still the whole recharging thing that makes us a little wary. That's why we're stoked to hear that Better Place's first battery swap station for EVs (and not just special Japanese cabbies) has officially opened its doors in Israel... for owners of the Renault Fluence Z.E. All it takes is an RFID card to enter the carwash-esque structure, and robots from below swap out your empty battery for a fully charged alternative while you occupy yourself for three minutes. No word on how much it'll cost for the opportunity, but we've got an inkling it won't be cheap. Fortunately, we've got apps and "get you home" guarantees for that additional peace of mind, but we do hope the concept eventually makes its way over to our shores. Of course, we're also still waiting for eternal battery life in all of our electronics, but until that day comes invisible robots changing batteries for us will suffice.
Hawaii funding deployment of up to 320 public EV chargers, islander Leafs say 'mahalo'
If you don't have far to go, an electric car can make a lot of sense. You know what group of people doesn't have far to go? People who live on an island, that's who. For this reason we're feeling some synergistic love as the State of Hawaii partners with AeroVironment, a company that also makes some goofy looking UAVs for DARPA, to deploy up to 320 public EV charging stations plugs across Kauai, Hawaii Island, Maui, and Oahu. All will be 240v Level 2 units that can charge an average EV in between four to eight hours. That's plenty of time to grab your board and get worked on some swell -- or to work on your tan if you're feeling a little less aggro. Update: Dan wrote in to let us know that Better Place is also getting a piece of this pie, securing $854,000 for "charging stations on all islands and the introduction of EVs to a rental car fleet."
Better Place swappable EV batteries priced, Renault is definitely onboard
It's going to be a little while before you're able to recharge your battery-electric EV as quickly as you can refuel your gasoline-powered machine. Until then there's Better Place, offering a suite of options including traditional recharging and fast battery-swapping. The idea is you don't buy a car with a battery you buy a car then lease the battery, and now we're getting an idea of what that lease is going to cost. It's launching first in Denmark with the Renault Fluence Z.E., a €27,496 ($38,500) car. If you're okay with driving less than 20,000km per year you can get by with monthly battery fees between €199 and €249 ($278 to $348), which includes recharging at Better Place locations or five-minute battery swaps if you're in a hurry. For €399 monthly ($558) you get unlimited mileage, but all plans get stuck with a €1,341 ($1,874) up-front fee to install a home charging station -- a bit steep compared to Ford's $1,500 option but not bad overall. Renault is also announcing Better Place support for its Twizy, which is featured in a video below. It's a tiny little thing that will cost just €6,900 ($9,640) and is due to ship this year. That's astonishingly cheap for an EV but, of course it comes without a battery pack, so you'll need to be leasing one. However, we're told there'll be a 7,500km lease option for just €45 ($63) per month. It also won't be coming to the States, planned only for a European launch, a land of smaller roads that'll be better suited to this flea-sized creation. And now, if you'll excuse us, we'll be sending our poor currency-converting intern on break. Poor gal really needs a coffee.
Better Place's electric taxis coming to SF Bay Area, thanks to $7 million grant
San Francisco, San Jose and Palo Alto, California were all too happy to endorse Better Place's electric vehicle infrastructure two years ago, but now the powers that be have invested some cash to get this show on the road. The Bay Area's Metropolitan Transportation Commission has dropped $6.9 million to purchase and build 61 electric taxis and four robotic battery swap stations to put freshly juiced cells in place -- just like Better Place has been doing with Tokyo taxis since April 26th. Yellow Cab Cooperative and Yellow Checker Cab will operate the zero-emission vehicles, though CNET reports that they've yet to choose a particular type -- perhaps we'll finally see Mitsubishi's i MiEV with a steering wheel on the left-hand side? PR after the break.
Mitsubish i MiEV gets a job as an oil-scented taxi in Tokyo
Good to see the i MiEV is adding to its résumé -- which already includes the job of ferrying Geek Squaddies about the place -- with a new position as a specialist taxi service in select districts of Tokyo. Launched yesterday, this new Zero Taxi initiative aims to attract customers with its zero emissions (from the car, the electricity used might still be produced in a polluting way) appeal, aromatic oil-scented cabin, and primarily female drivers who'll be trained to provide local area and tourist info. We're just reporting here, don't blame us for the Hinomaru Limousine Company's belief that a man can't be as good a tour guide as a woman. It's a humble beginning since the company's only deploying two i MiEVs for now, but local competitor Nihon Kotsu is also preparing to join the fray, and is currently testing out a Better Place battery-swapping station that should keep its cars where they need to be -- on the road.
Better Place tests its EV battery switching stations on Tokyo cabbies
Not long after establishing a prototype EV battery switching station in Japan, Better Place is now partnering with Nihon Kotsu, Tokyo's largest taxi operator, to put the thing through its paces, swapping out batteries for up to four electric hacks scheduled to run from the Roppongi Hills shopping and office complex beginning in January next year. In Tokyo, cabs account for only two percent of the traffic, yet they produce twenty-percent of its CO2 emissions -- a fact that further drives home the point that greening our public transportation is an important first step in cleaning up the environment. The study comes hot on the heels of other deals in the works for Israel, Europe, and the San Francisco. Albert Hockenberry would be impressed. [Via PhysOrg]
Video: Better Place's automated electric vehicle battery switch station is faster than Melvin Dummar
It's massive, costs $500,000, and is just a prototype; but you're looking at a possible solution for swapping out heavy car batteries from future electric vehicles. Kind of important if you're hoping to take your EV on a trip a bit further than the supermarket or city center without having to stop for a lengthy recharge. This switch station, unveiled in Japan by Better Place, can swap out a spent battery in less time than it takes to refuel the tank in that baby-killer of a car you hold so precious. These battery swap stations are just part of the enormous infrastructure required to support Better Place's subscription approach to electric vehicles -- infrastructure easily estimated to cost $250 million or so for countries like Israel or Denmark on up to the $1 Billion already pledged by San Francisco Bay Area mayors. Better Place admits that the swap technology is a work in progress but hopes to have 150,000 charging stations and about 100 battery swap stations deployed in Israel by 2011. Check the video after the break.
Better Place's $1 billion electric vehicle grid headed to Bay Area
Need another reason to live in America's other bastion of social liberalism and homelessness? How about a $1 billion electric vehicle re-charging infrastructure in the Bay Area? Palo Alto's Better Place is finally bringing its ambitious, city-wide electrical grid and battery exchange service home after staking plans to do the same in Israel, Denmark, and Australia. The plan just endorsed by the San Jose, Oakland, and San Francisco Mayors (without coughing up any money), is expected to result in 250,000 charging ports (for topping off charges), 200 battery-swap stations (for trips over 100 miles), and a driver service center by 2012 -- network planing and permitting will begin in 2009 with infrastructure deployment set to kickoff in 2010. Here's how it works, customers will receive a discounted price on electric vehicles when they subscribe to drive a certain number of miles -- Better Place will own the batteries. Besides clearing the way of government bureaucracy, the mayors have agreed to offer incentives for companies that install the plug-in stations. Now get this, Better Place expects to lure electric vehicles from the usual suspects like Toyota, Renault-Nissan, and GM in addition to, get this, Tesla Motors. Oh yes. Almost makes us want to hug an Upper Haight, teenage, poser hippie. Almost.Update: Coincidentally, Tesla is considering a small, swappable battery for its Model S sport sedan that, according to Elon Musk, could be changed "faster than you can fill a car with gasoline." Ah, synergy.[Via San Jose Mercury News, Thanks KKH]
Companies planning massive electric vehicle charging network for Australia
There may still be a dearth of electric vehicle charging stations in the US, but it looks like some cities in Australia could soon be overflowing with 'em, at least if a group of companies' rather ambitious plans actually pan out. That group is led by US-based Better Place, which has previously helped bring charging stations to Denmark and Israel, and now hopes to out-do those previous efforts in a big way by outfitting Australia's three largest cities with 200,000 and 250,000 charging stations apiece. That, the company says, would cost $1 billion Australian dollars (or roughly $667 million US), which is where Australian power company AGL and finance group Macquarie Capital come in. The company's would also apparently scatter about 150 battery switch stations throughout each city, and drivers would have to sign up for cellphone-like contracts to make use of the network. As lofty a goal as that may seem, the companies seem fairly confident that they'll be able to pull it off, and that the charging stations could be in place as soon as 2012 -- after which, they hope, folks will finally start buying electric vehicles en masse.Read - AFP, "Australia plans electric vehicle network"Read - AP, "Sparse plug-ins for electric cars spark creativity"[Via Daily Tech, image courtesy Better Place]
