Better Place Raises $350M  

Posted by Big Gav in

Cleantech.com reports that Better Place has raised $350 million of new capital - Better Place $350M deal bested by Airtricity.

It's one of the largest venture capital deals in the history of cleantech, as the company itself described it, but it isn't the largest.

Palo Alto, Calif.-based Better Place today announced in a press conference that it secured $350 million in a series B round led by HSBC Group that values the company at $1.25 billion. ...

While a large round, the largest deal on record to date in cleantech was a follow-on round to Europe's Airtricity, according to Cleantech Group data available to clients.

In the third quarter of 2006, investors put the equivalent of $394,835,000 USD into the Dublin, Ireland-based company, banking on the company's wind farm projects.

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