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Israel electric car company Better Place sold for less than $450k

JERUSALEM – An Israeli energy startup has taken over the remains of Israel’s trailblazing – and now bankrupt – electric car venture.

Ran Eloya, founder and CEO of Gnrgy Ltd., said Thursday his company bought the remaining assets of Better Place for less than $450,000, a fraction of its $2 billion valuation less than two years ago.


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