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Shai Agassi has guided Better Place's vision of swap-and-go battery stations for electric cars since it was founded five years ago, but now he's stepped down as the firm's CEO. Evan Thornley, who helmed the organization's Australian efforts, has taken up the mantle of global chief executive officer, while Agassi will continue his role as a board member. As the Wall Street Journal notes, the changing of the guard comes at a time when the company has been spending cash faster than it's generating revenue thanks to the construction of battery swap stations. Idan Ofer, Chairman of the Better Place Board of Directors sees this as "a natural point in the company's evolution to realign for its second chapter and for the challenges and opportunities ahead." Something tells us they wouldn't mind if future chapters are filled with more swappable batteries than Superchargers.
Continue reading Better Place founder Shai Agassi steps down from CEO post
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Better Place founder Shai Agassi steps down from CEO post originally appeared on Engadget on Wed, 03 Oct 2012 23:33:00 EDT. Please see our terms for use of feeds.
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Better Place has been striving to make the world, just that, with its battery-swapping approach to electric vehicles since as far back as 2008. There's been a modicum of success, with outlets and swapping stations peppered as far and wide as Denmark, California, Australia and Japan. Now, the Associated Press reports that world's first nationwide electric car network -- this time in Israel -- has been given its first test. This only equates to four battery stations at the moment, with a further 40 to follow in the second half of the year. However, the firm maintains, that even with the current infrastructure, users could comfortably drive the entire length of the nation. Renault will sell a version of its Fluence EV customized to work with the battery stations for $32,000, with different mileage options on offer. Is this the future of electric motoring? We don't know, but anything that's this much quicker than overnight charging is fine by us.
Better Place takes its electric vehicle network in Israel for a silent spin originally appeared on Engadget on Mon, 21 May 2012 03:22:00 EDT. Please see our terms for use of feeds.
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