Where can we find more information about Electric-Car Company Seeks?”
Electric car venture in Australia seeks $700 mln Thu Oct 23, 2008 4:00am IST LONDON, Oct 23 (Reuters) – California-based electric car operator Better Place joined with Macquarie Capital Group on Thursday aiming to raise $1 billion Australian dollars ($676.1 million) to install electric charge points across Australia. Australian utility AGL Energy (AGK.AX: Quote, Profile, Research) committed to supply renewable energy to fulfil the “green” low carbon emitting credentials of the plan, the company said in a statement. Automakers are in a technology and production race to develop oil alternatives, whether biofuels or electric cars, to address problems of energy security and climate change. “We’re interested in Australia to demonstrate scale,” said Shai Agassi, Better Place chief executive and founder. The Better Place concept is to install electric car charge spots at designated parking lots in residential areas and workplaces. In addition, to allow longer drives, the company would roll ou
By JOHN MURPHY TOKYO — Even as tumbling gasoline prices threaten to undermine consumer interest in alternative-fuel cars, Better Place, a California-based electric-vehicle company, Thursday said it aims to raise one billion Australian dollars (US$668.5 million) to develop an electric-car network in Australia. It is the company’s biggest effort yet to wean drivers off gasoline-powered cars. Under the plan, announced in Melbourne, Better Place will work with Macquarie Capital Group Ltd. to attract investors to build recharging stations, with the goal of mass marketing the first electric cars by 2012. It also signed on Australian utility AGL Energy Ltd. to supply electricity from renewable sources like wind to power the network. No auto maker has been named in the agreement. But the alliance of France’s Renault SA and Japan’s Nissan Motor Co., which is developing an electric car, is considering whether to provide vehicles to the Australian partnership. Launched in 2007, the $200 million
