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Better Place
AddedFeb 13, 2024
UpdatedJun 18, 2026
Better Place

Better Place

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Better Place: A Palo Alto-based transport company specializing in electric car battery services.

HQ
Palo Alto, CA, US
Founded
2007
Overview
Compare
Fundraising
Employees

Better Place was a transport company based in Palo Alto, California, specializing in electric car battery services. The company developed and sold battery charging and battery switching services for electric vehicles. Founded by Shai Agassi, Better Place aimed to revolutionize the electric car market with innovative solutions to extend vehicle range and reduce charging times.

The company had significant operations in Israel, driven by its founder and chief investors. Better Place made notable strides in the electric vehicle industry, establishing a network of battery switching stations. Despite its eventual closure, the company left a lasting impact on the development of electric vehicle infrastructure.

Better Place - Quick Facts

When was Better Place founded?

Better Place was founded in 2007.

Where is Better Place's headquarters located?

Better Place's headquarters is located in Palo Alto, CA, US.

When was Better Place's last funding round?

Better Place's most recent funding round was for $100M (USD) in November 2012.

How much has Better Place raised to-date?

As of Nov 2, 2012, Better Place has raised a total of $925M (USD).

Better Place - Classification

Ownership
  • Venture Capital
Technology
  • Cleantech
Geographic Exposure
  • Global
Revenue
  • Recurring Transactional
Main Product
  • Battery Services
Tags
  • SaaS
NAICS
  • 480000Transportation and Warehousing
SIC
  • 4700Transportation Services
  • 4720Arrangement Of Passenger Transportation
  • 4729Arrangement Of Passenger Transportation, Not Elsewhere Classified