A new day, a new electric car company.
Shai Agassi, who left software giant SAP earlier this year, is raising funds to start an electric car company, according to Reuters. The Israel Corp, a large holding company, has pledged to invest $100 million in the venture. That will give it one-third of the company, according to Reuters.
The idea is to make Israel more independent from oil imports. Although it's right next to some of the world's largest oil deposits, Israel actually has little oil and natural gas of its own. One of the few large oil deposits, … Read more