EV Technology In The North: Taking Off?
A week after we reported on the THINK City the Norwegians announce that the top US cities in which they are going to roll out the THINK City are Los Angeles, San Francisco, Chicago and New York. To top things off they are working with AeroVironment, Inc. to develop a fast charging system which loads the car in 15 minutes, and these fifteen minutes give you a 80% charge. That makes long distance travel with the THINK City possible, given that the charging stations are many and placed at the right locations.
In other news, Better Place, the company which is working on creating the infrastructure for your EV with switchable batteries, announced that they secured USD 350m in a series B round, and have now HSBC, Morgan Stanley Investment Management and Lazard Asset Management among their investors. That gives Better Place a value of USD 1,25 billion, which should give them the funds to develop and roll out their technology. They aim to have their solution ready for 2011 in Denmark, so we can be sure to see some of that money flow to the country on the Jutland peninsula.
