Better Place wanted to make the world a better place by replacing gas stations with battery switching stations that would remove the driving mileage limitations from electric cars and eventually rid the world of fossil-fuel burning vehicles. But after six years and burning through $850 million, the company is filing for liquidation in an Israeli court.
As reported by the Associated Press, Better Place's Board of Directors issued a written statement Sunday announcing that the company was winding down.
"This is a very sad day for all of us. We stand by the original vision as formulated by … Read more