Israel Corporation, the Israel-based holding company, has led part of a planned $100m investment into US and Israel-based electric car company Better Place, a company which operate a network of stations to recharge the batteries of electric cars.
Investment holding company Israel Corp has led a planned $100m investment into Better Place, an electrical car and battery manufacturer, according to a filing. The other investors were not disclosed. The deal has raised $50m of a planned $100m, according to the 29 November filing.
Israel Corp is controlled by Better Place chairman and billionaire Idan Ofer, who is also the principal of the Quantum Pacific Group,
Better Place has so far raised a total of $850m in funding.…
