It is apparently quite a hassle to buy the remains of Better Place. The last potential buyer, EV Net Group, missed a payment deadline at the end of September, leading a judge to void the purchase. The buyers were supposed to pay NIS 1.8 million (US$505,000), which was 20 percent of the total purchase price and did, in fact, hand over a postdated check for that amount. But that wasn't good enough. According to Haaretz, attorneys Shaul Kotler and Sigal Rozen-Rechav said in court that, "All the buy
Solar pioneer "Captain Sunshine," aka Yosef Abramowitz, has failed in his bid to take over bankrupt company Better Place, which specializes in electric vehicle charging and battery swaps. Abramowitz, who built Israel's first commercial solar field about two years ago, failed to make a monthly payment of $1 million on August 25 to Better Place's liquidator.
With a fresh, kid-friendly look on the official website (see above), there appears to be new life in Better Place. The Israeli electric vehicle charging and battery swap station company was approved for sale to Sunrise for almost $5 million. In May, Better Place announced bankruptcy proceedings.