California start-up Better Place and Danish utility Dong Energy said Tuesday they have lined up financing to bring an electric car charging network to Denmark by 2011.
The two organizations have secured almost $103 million in equity and convertible debt that will go toward constructing stations where drivers can swap in fresh batteries for electric cars.
Better Place's business plan focuses on building a network of automated battery-swapping stations along driving corridors. Places to rapidly charge or get fresh batteries will address the range limitations of existing car batteries, according to Better Place.
Although Better Place has announced customers … Read more