Published On: Sun, May 5th, 2013

Better Place VP sales is leaving the electric car venture

This has been third change after two CEO, hundreds of layoffs, and massive losses.

 

/ By Efrat Peretz / 

Better Place Ltd. VP sales Zohar Bali has quit.

Bali is the latest executive to leave the electric car venture, which has seen two changes in CEO, hundreds of layoffs, and massive losses, in the past few months. The company lost $454 million in 2012, and its auditor attached a going concern warning to its financial report.

Better Place has raised $850 million since Shay Agassi founded it in 2007, and it needs another $500 million to survive.

 

Published by Globes [online], Israel business news – www.globes-online.com – on April 14, 2013

 

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