Better Place CEO Agassi says planning IPO in two years

January 26, 2012 16:49


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Better Place CEO and founder Shai Agassi told Bloomberg this week that the electric vehicle recharging network developer is planning an IPO in the next two years. “We’re probably not going to go for another private round between now and the initial public offering," he added, saying "We have enough capital to go all the way until then.”

The significance of the comments is that Better Place will not require a capital injection from Israel Corporation, which has a 30 percent stake in the company.

Better Place this week is marking four years since its founding. To date, the company has raised $750 million and earlier this week Better Place finally delivered its first 100 electric cars, albeit to company employees.

Related Content

Breaking news
July 17, 2018
Putin says he told Trump Russia prepared to extend START treaty