29 August 2012 — Better Place, a leading global provider of electric car networks, has secured a $48.4 million loan from the European Investment Bank. The loan is a first credit facility from a financial institution for Better Place and continues support for innovation and sustainable transportation by the Bank. About 75 per cent of the proceeds from the loan will be used to finalise network deployments and fund operations in Denmark. The remaining proceeds will be used in Israel.
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