Shai Agassi (left) and the team at Better Place have done it again: almost two years to the day after announcing its first car partnership and its first country deployment in Israel, Better Place today announced that it has signed an agreement with an HSBC-led investor consortium for new equity financing of $350 million. The deal marks one of the largest clean-tech investments in history and values Better Place at $1.25 billion.

This Series B equity financing round features participation from new investors including HSBC, Morgan Stanley Investment Management, and Lazard Asset Management. These investors will join existing Series A investors including Israel Corp., VantagePoint Venture Partners, Ofer Hi-Tech Holdings, Morgan Stanley Principal Investments, Maniv Energy Capital, and Israel Cleantech Ventures, among others, as shareholders of Better Place. For HSBC, which led the round with an investment of $125 million, the deal represents one of the largest financial investments of its kind by HSBC.

As part of the deal, Kevin Adeson, HSBC Head of Global Capital Financing, will join the Better Place Board of Directors, and HSBC will own approximately 10% of the company’s shares. (more…)

Shai Agassi, Founder and CEO of Better Place, the electric car infrastructure start-up, was named today to the Time 100, a list of the world’s most influential people.

This is the second year running that a leader of Israel’s cleantech industry has been named to the Time 100. Isaac Berzin, founder of GreenFuel Technologies and the Institute for Alternative Energy Resarch at IDC Herzliya, made the list in 2008.

Agassi was born in Ramat Gan, Israel and graduated from Technion, the Israel Institute of Technology, where he received a bachelor’s degree in computer science.

Better Place has raised more than $300 million and is partnering with utilities and governments to install its electric vehicle infrastructure in Israel, Denmark, Australia, Portugal, Ontario, Hawaii, and the San Francisco Bay Area. Headquartered in Palo Alto, California, Better Place’s primary R&D center is in Israel.

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