A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Possible Savior For Better Place Electric-Car Network Emerges In Israel

Battery-swapping Israeli-based electric car network Better Place might have found a buyer, following its bankruptcy filings last week.

Solar entrepreneur Yosef Abramowitz hinted on his Facebook profile that his company had offered to assume Better Place’s assets from the liquidator.

He wrote on Sunday, “Non-update update: cannot confirm or deny that this morning Captain Sunshine submitted to the Better Place liquidator an offer to assume the company’s assets, in the interest of making sure Start Up Nation is not stalled by the current failure of Better Place.”

Following this, he later posted in response to an article on The Jerusalem Post, “It’s worth a try. The owners/drivers are driving this, and am happy to play a supporting role. It has become clear now how much Better Place failed not only on the business front, but on the political and regulatory front. Could have been avoided. Good luck to everyone!”

Abramowitz has experience running “green” companies in Israel before. His nickname is “Captain Sunshine”–alluding to his solar power venture, the Arava Power Company.


Leave a Reply