The man known to some in Israel as "Captain Sunshine" may bring bankrupt battery-swapping firm Better Place out of the dark by potentially buying the company's assets, the Jerusalem Post reports.

Yosef Abramowitz, who built Israel's first commercial solar field about two years ago, is in talks with potential business partners about bidding on Better Place, which filed for bankruptcy late last month after selling about 1,300 cars in Israel (900) and Denmark (400). Abramowitz, co-founder of Arava Power Co., said on his Facebook wall that he's neither confirming nor denying making an offer.

Better Place, which planned to keep its battery-swapping stations open through mid-June and has enough cash to operate for about a month, ousted founder Shai Agassi as CEO last October after the company booked about $400 million in losses since starting up in 2007. Better Place was only able to get a commitment from one model, the Renault Fluence, to be used for the battery-swapping program, and shut down its operations in the US and Australia shortly after letting Agassi go.


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    • 1 Second Ago
  • 9 Comments
      Giza Plateau
      • 1 Year Ago
      Price better be low
      Marco Polo
      • 1 Year Ago
      Maybe a solar powered car wash with charging facilities ?
        EZEE
        • 1 Year Ago
        @Marco Polo
        Fantastic idea.
        Betty m
        • 1 Year Ago
        @Marco Polo
        Since I started with my on-line business I earn $62 each quarter-hour. It sounds unbelievable however you wont forgive yourself if you do not check it out. >>>>>>>>>> www.www.Day35.cℴm >>>>>>>>>
        Betty m
        • 1 Year Ago
        @Marco Polo
        Since I started with my on-line business I earn $62 each quarter-hour. It sounds unbelievable however you wont forgive yourself if you do not check it out. >>>>>>>>>> www.www.Day35.cℴm >>>>>>>>>
      Larz Larzen
      • 1 Year Ago
      They might fare better with a mini-mart and car wash attached.
        Actionable Mango
        • 1 Year Ago
        @Larz Larzen
        Yes, the high margins of a mini mart could be keeping the lights on. I've read the same about gas stations... they make most their money on soda and snacks.
      carney373
      • 1 Year Ago
      I hope Better Place can survive and continue rather than be liquidated. I really like the battery-swapping model and want it to catch on. I also like the Fluence Z.E. It seems like a decent sized family sedan, bigger than your usual EV sedans - big enough to accommodate bulky child seat add-ons in the rear row.
        Marco Polo
        • 1 Year Ago
        @carney373
        @ arney373 Poor old Carney, ABG's lover of lost causes ! Better Place failed because it's basic business model was poor conceived and logistically impractical. Ethanol fails because the technology not only fails to meet its promised objectives, but is revealed to be environmentally harmful. . At some point, no matter how much you want something to work, it's just not enough. Reality kicks in, and there comes a time when you realise it's just a dead end, so you have to let it go and move on. Find some technology that actually works to support. (The Renault Fluence ZE is about the same size as a Mazda 3, or Toyota Corolla.)