green energy

Bid To Buy Israeli Electric Car Franchise Fails

08/25/2013 - 20:00

American-Israeli green entrepreneur Yosef Abramowitz failed in his bid to buy the bankrupt electric car company Better Place.

Abramowitz’s  company, Green EV Operation, on Sunday could not make a monthly payment of $1 million to Better Place’s liquidator.

Last month Abramowitz, in partnership with the Association for the Advancement of Electric Transport in Israel, won a bid to buy Better Place’s Israeli infrastructure and intellectual property for about $11 million.

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