Accuverwisselaar Better Place is bankrupt

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The company Better Place, which is at amsterdam airport Schiphol experimented with a accuwisselstation for electric vehicles, has in Isra lwa l filed for bankruptcy. According to the board of directors of Better Place were most of the technological hurdles to overcome, but others do not.

Better Place early Sunday in the Central District-district court bankruptcy, so reports Times of Israel. The company was not able to investors $ 500 million to get loose to in the next four years, his activities in Israel and abroad to be able to continue.

According to Better Place were most of the technical hurdles to overcome, but especially companies that have large numbers of cars to manage, such as leasing companies, saw nothing in the verwisselconcept. They feared that changing the battery’s, what, an average of five minutes, at peak times long queues would result.

The start-up has in the past five years, more than 800 million dollars spent, but it worked Better Place is not enough to sell vehicles in Israel, Denmark and Portugal. In total, there would be only two thousand electric cars are sold, while Better Place contractually by the end of 2016 115.000 cars sold should have.

Except for that Better Place is in hardly any of the money in cash, let partner Renault, is the only company of compatible vehicles built, namely the production of new electric cars in the coming years on the back burner. In addition, left Shai Agassi, ceo of Better Place, suddenly in the company.

In addition to his activities in Israel, Denmark and Portugal, where the company has a wide network of accuwisselstations wanted to build, the company has also in the Netherlands experimented. At amsterdam airport Schiphol has Better Place the tests carried out with a number of taxis.

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