Yosef Abramowitz consortium will buy Better Place

Abramowitz is a co-founder of the Arava Power Company, a solar power provider in Israel’s Negev Desert.

By JTA
July 10, 2013 19:15
BETTER PLACE CEO Evan Thornley (Left)

BETTER PLACE CEO Evan Thornley 370. (photo credit: Courtesy Better Place)

 
X

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 analysis 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 experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • 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

A consortium of drivers led by solar energy entrepreneur Yosef Abramowitz will buy Better Place, the bankrupt Israeli electric car company.

The consortium, made up of owners of Better Place cars, will purchase the company’s Israeli assets for less than $5 million and its intellectual property in Switzerland for less than $7 million, according to Israeli reports.

The consortium plans to keep open 15 Better Place charging stations and to employ at least 50 people. The Times of Israel reported that Abramowitz wants to make the car company a national infrastructure project, which would provide it with benefits.


Founded in 2007, Better Place declared bankruptcy in May after losing $800 million.

Abramowitz is a co-founder of the Arava Power Company, a solar power provider in Israel’s Negev Desert.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS

Cookie Settings