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Shai Agassi

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WORLD
May 26, 2013 | By Edmund Sanders
JERUSALEM - Israeli electric car company Better Place, which raised about $800 million on a vision to revolutionize the auto industry, filed for bankruptcy liquidation Sunday, citing disappointing sales and exhausted cash reserves. The spectacular rise and fall of the once-touted company marked a blow to Israel's image as a "start-up nation," in which hundreds of innovative new technology businesses have attracted billions of dollars in investment capital from around the world. Despite bold sales predictions, positive press and a futuristic showroom near Tel Aviv, only a few hundred Israelis purchased the specially built Renault cars, whose batteries were to be recharged or swapped as needed at a network of company-run charging stations.
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BUSINESS
November 21, 2008 | Martin Zimmerman, Zimmerman is a Times staff writer.
One of the many questions surrounding the development of electric cars is surprisingly prosaic: Will there be someplace to plug the darn things in? A Palo Alto company unveiled a $1-billion plan Thursday that it said would help answer that question -- at least in the Bay Area.
BUSINESS
December 27, 2008 | Steven Mufson
Shai Agassi, once a senior executive at software giant SAP, has become a proselytizer for cars that run only on electricity. He isn't selling cars, though; he's selling a business plan. Agassi wants private investors and governments to work together to build recharging stations at parking spaces and rig them so that motorists can be billed online.
BUSINESS
December 27, 2008 | Martin Zimmerman
A Palo Alto start-up company wants to electrify the global auto industry, one place at a time. Better Place created a stir last month when it announced an ambitious plan to install thousands of electric-car charging sites and battery-replacement stations around the Bay Area. The idea is to jump-start the adoption of electric vehicles by providing places where people can easily charge them, leading, the company's founder hopes, to a reduction in global dependence on oil.
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