Clean Break » Denmark http://www.cleanbreak.ca Trends, happenings and innovations in the clean technology market Mon, 06 Feb 2012 04:01:42 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Better Place, Dong Energy close $134 million for Danish EV network http://www.cleanbreak.ca/2009/01/27/better-place-dong-energy-close-134-million-for-danish-ev-network/ http://www.cleanbreak.ca/2009/01/27/better-place-dong-energy-close-134-million-for-danish-ev-network/#comments Tue, 27 Jan 2009 12:52:37 +0000 Tyler http://www.cleanbreak.ca/?p=1475 Shai Agassi seems to be doing okay when it comes to raising money in a tough market. Better Place and Danish partner Dong Energy announced today the closing of a $134 million (U.S.) financing — a combination of equity and convertible debt. The funds will go toward building out Denmark’s electric-car charging network in advance of the introduction of Better Place-compliant vehicles in two years. “Starting in 2011 through the extensive network, The Renault-Nissan Alliance will begin to commercialize a complete range of EVs especially adapted to Danish customer requirements,” the companies said in a statement. “These cars will benefit from the Better Place mobility services and products.”

Of course, we shouldn’t assume Better Place is the only EV-charging game in town. There are other companies, such as Campbell, Calif.-based Coulomb Technologies, going after the same market with a different — and less flashy — approach.

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