Better Place company set for liquidation - Israel News, Ynetnews
 
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Better Place company set for liquidation

Published: 05.26.13, 09:28 / Israel News

Israel Corp.'s Board of Directors decided not to invest additional funds in the Better Place company, which specializes in producing charging devices for electric cars. "Since we could not find the right investors to partake in a significant proportion of the additional investment, Better Place will submit an application to the court regarding its liquidation," the investment company said in a statement.

 

Following the decision, Better Place is set for closure, and hundreds of employees will be laid off. (Shahar Haselkorn)

 

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