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.