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Better Place raises $200m

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Monday, November 21st, 2011

As reported on Globes

Shai Agassi’s electric car venture Better Place LLC has raised $200 million in its third financing round in the US from a consortium of investors and partners, nearly doubling the company’s valuation to $2.25 billion (after money). The launch of the first nationwide electric car networks in Israel and Denmark is just months away. Israel Corporation (TASE: ILCO) invested $50 million in round, which reduced its stake to 26.9-28.6% from 29.43%, to read more