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.