Electric car start-up aims for $200m funding
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.
