Better Place is a mobility operator that aims to reduce oil dependence by delivering personal transportation as a sustainable service.

Launched in 2007 with $200 million of venture funding, the company builds electric-vehicle networks powered by renewable energy to give consumers an affordable, sustainable alternative for personal mobility.

Better Place is working with partners to build its first standards-based networks in Israel, Denmark, Australia, California and Hawaii. Better Place will activate networks on a country-by-country basis with initial deployments beginning in 2010.Israel as Primary R&D Center…want to read more? go to:http://www.betterplace.com/press-room/press-releases-detail/project-better-place-appoints-israel-ceo-declares-israel-as-primary-rd-cent/

Well…let’s find out how it works! So what does an electric car infrastructure look like?

The batteries of a zero-emission vehicle need three things in place in for optimum functionality: charging spots, battery switching stations, and software that automates the experience.

The charging spots will keep the batteries topped off with power so that they always have 100 miles of driving capacity. They are located where you work, live, shop and dine in parking lots so that an electric car will have the ability to recharge when the software instructs it to top off.

For trips longer than 100 miles (161 km), battery switching stations will be available roadside. Stations are completely automated, and the driver’s subscription takes care of everything. The driver pulls in, and the depleted battery is quickly replaced with a fresh one, without anyone having to leave the vehicle. The process takes less time than it does to fill a tank of liquid fuel.

Because most electric vehicles will be charging during the evenings while at home, the batteries become distributed storage for clean electricity.

Want more? http://www.cfo.com/article.cfm/13306938/c_13307190?f=home_todayinfinance

Source: http://www.betterplace.com

http://www.crunchbase.com