Electric car start-up aims for $200m funding
By Yan Yan on Tuesday, 30th October 2007
Shai Agassi, the ex-SAP exec who left and headed off into the world of electric cars, is back and raising yet more cash. Last time we heard he’d bagged $100m for his venture, now he’s looking to double it.
The list of investors includes Israel Corp., Morgan Stanley (MS), VantagePoint Venture Partners, and private investors James Wolfensohn, Edgar Bronfman Sr. and Musea Ventures. The venture will focus on building out an infrastructure of battery-charging stations for electric vehicles; the comparative model offered is that of mobile phone companies building out the mobile infrastructure.
READERS COMMENTS - Have your say...
Additional comments powered by BackType
RELATED NEWS
LATEST HEADLINES
One peak we should bring on faster: Peak plastics
While most of the peaks we see looming today — peak oil, peak
Jurdy: To the dump, to the dump, to the dump, dump, dump
Jurdy finds another tough job to fill …
Finally: A plan to make clean energy a business opportunity
Ensuring sustainable energy and resources in the future is all about how you
Perfect technology is impossible, but keep trying anyway
“I guess I could be pretty pissed off about
Plan for a solar future means knowing when the sun won’t shine
While energy experts elsewhere are looking for answers to