Better Place gets 40 mln euro EIB loan for electric car network


TEL AVIV, Aug 28 (Reuters) - California-based venture Better Place has secured a 40 million euro ($50 million) loan from the European Investment Bank (EIB) to further develop its global electric car network. About 30 million euros will be used to finalise network deployments and fund operations in Denmark while the rest of the loan will be used for similar purposes in Israel, Better Place said on Tuesday. This is the company's first credit facility from a ...

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