Better Place

Chris Nuttall

Better Place, the US company building battery-swapping stations for electric cars, has raised $200m in third-round funding and plans to use the money to expand its networks to other countries.

The Silicon Valley startup is due to launch a limited commercial service in Denmark and Israel in the first quarter of 2012.  Its Series C financing will allow it to expand further in Western Europe, it said on Friday, while it continues to advance deployment projects in Hawaii, Northern California, Canada, Southern China and Japan. Read more