# Better Place: Group liquidation proceedings began

Better Place, Inc. and group subsidiaries · Israel · Electric vehicle infrastructure

Evidence reviewed Oct 26, 2026. Historical event record.

Better Place’s group companies entered liquidation proceedings in 2013 after its battery-switching network failed to become a commercially viable business.

## Historical private valuation

$2.25bn · Nov 2011

Contemporaneous Globes reporting put the $200 million private round at $2.25 billion after money.

[Globes](https://en.globes.co.il/en/article-1000697136)

## Documented event

Group liquidation proceedings began · May 26, 2013

No transaction price shown. The U.S. bankruptcy court’s factual background records applications and appointment of temporary liquidators for four group entities on May 26, 2013, followed by parent-company liquidation proceedings.

[U.S. Bankruptcy Court for the District of Delaware](https://www.deb.uscourts.gov/sites/deb/files/opinions/13-11814_0.pdf)

## What changed

The U.S. court record identifies Better Place, Inc. as the Delaware parent of a group with its main office in Israel. Liquidation of the original entities should be distinguished from subsequent ownership or operation of charging infrastructure sold by their liquidators.

## Timeline

### Nov 2011 — Third financing round

The private financing supported planned electric vehicle networks in Israel and Denmark.

[Globes](https://en.globes.co.il/en/article-1000697136)

### May 26, 2013 — First group liquidations initiated

Four Israeli subsidiaries applied for appointment of temporary liquidators; the Israeli court granted the applications.

[U.S. Bankruptcy Court for the District of Delaware](https://www.deb.uscourts.gov/sites/deb/files/opinions/13-11814_0.pdf)

### Jul 19, 2013 — U.S. Chapter 15 recognition sought

Foreign representatives commenced the U.S. case to seek recognition of the Israeli liquidation proceeding for the parent.

[U.S. Bankruptcy Court for the District of Delaware](https://www.deb.uscourts.gov/sites/deb/files/opinions/13-11814_0.pdf)

## Sources

- [Better Place raises $200m](https://en.globes.co.il/en/article-1000697136) — Globes; published Nov 13, 2011; accessed Oct 26, 2026; financial reporting.

- [In re Better Place, Inc., Case 13-11814: memorandum order, factual background](https://www.deb.uscourts.gov/sites/deb/files/opinions/13-11814_0.pdf) — U.S. Bankruptcy Court for the District of Delaware; publication date not stated; accessed Oct 26, 2026; primary source.

Logo: [Better Place logo source](https://en.wikipedia.org/wiki/File:Logo_better_place.png). Company trademark rights remain.

[Methodology](https://altss.com/unicorn-tracker/methodology) · [All cases](https://altss.com/unicorn-tracker)