COMPANIES Better Place, a two-year-old company that supplies services for electric cars, has raised $350m from HSBC and other investors in the largest round of venture capital financing yet for a “clean-tech” company in the US or Europe.
The California-based company, which is building nationwide car-recharging networks in Israel and Denmark to assist electric cars made by Renault, will on Monday announce that it has secured the Series B financing round, valuing the company at $1.25bn.
