A New Place For Better Place, As Bankrupt $800M+ Backed Electric Car Startup Sold For $12M

better place charging station

Looks like we have a final chapter for Better Place, the Israel-based electric car tech startup that raised $786 million plus $50 million in debt, only to then file for bankruptcy in May: it has now been acquired by a group called Sunrise, headed by green-technology entrepreneur Yosef Abramowitz and the Association for the Promotion of the Electric Car in Israel.

According to court filings, Sunrise is paying 18 million Israeli shekels ($5 million) for Better Place’s assets in Israel, and another 25 million shekels ($7 million) for its intellectual property, held by Better Place Switzerland. Sunrise was one of two bidders for the company, the other being a consortium including Success Parking Ltd. and U.S. electric car charging company Car Charging Group Inc.

It’s a whimper of an ending for a company that raised hundreds of millions, and many hopes, for its core business: a system that relied on smartgrid technology to create a network of battery swapping stations and other charging points for users of electric cars.

Speeding up battery charging, which typically can take anywhere from between 4 and 12 hours to charge on electric cars, could significantly spur the convenience factor of these vehicles, and help with consumer adoption. Better Place also had other ideas about how, with the rise of electric cars, power usage overall needed to be better managed.

But it seems that even if the vision was big, business was not. Creating a breakthrough technology that relies on industrial-scale overhauls is capital intensive. And there is the question of critical mass for electric car technology: apparently only 950 cars fitted with Better Place’s replaceable battery technology — the core of the business — were sold since 2012 (it looks like the only carmaker to sign on with Better Place was Renault).

Meanwhile, individual car companies like Tesla working on proprietary solutions are a sign that the space is perhaps still too fragmented and nascent for what Better Place had in mind.

Although the downward spiral from bankruptcy to bidding to eventual sale was swift, the writing was on the wall months before, when founder Shai Agassi was removed as CEO in October 2012.

New owners Sunrise are keeping 50 out of Better Place’s 85 remaining employees, and will operate 15 of its charging stations for a period of at least two years. It may not be complete curtains for all of Better Place’s efforts, depending on how Sunrise chooses to use the IP it purchased as well, but it’s not a great day for the wider ambition to move us away from fossil fuel consumption and towards more sustainable progress.

Trade In Your iPad 2, iPad 3 For At Least $200 At Best Buy This Weekend

Best Buy is offering at least $200 for a trade in of your iPad 2 or iPad 3 this weekend.

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360 Electrical Rotating Outlets & Power Strips: Power from All Angles

Like the Pivot Power, 360 Electrical’s products allow you to cram in electrical plugs and adapters that would otherwise not fit in one outlet or power strip. But unlike Quirky’s power strip where the whole body is adjustable, 360 Electrical’s products have sockets that rotate in place.

360 electrical rotating outlets power strips

I’m not sure how the sockets work, but according to 360 Electrical’s website,“internal premium copper-to-copper contacts provide unlimited 360 degree rotation and continuous power even during rotation.”

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Here’s a brief demo video uploaded by FIX IT home improvement channel on YouTube:

As you can see in the gallery above, 360 Electrical also has long surge protectors with sockets that swivel outward instead of rotating in place. Rotate your browser and plug in to Amazon to order 360 Electrical’s products; they sell for about $5 (USD) to $34 depending on the product.

[via Fancy]

LG Releases 55-Inch, 65-Inch 4K TVs For $6,999, $7,999 In U.S.

LG has released its 55-inch and 65-inch 4K TVs in the U.S. and will be selling them at retailers this week.

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Here’s Google’s Eric Schmidt Using the Moto X Smartphone In the Wild

Here's Google's Eric Schmidt Using the Moto X Smartphone In the Wild

Information about Motorola’s forthcoming "Moto X" smartphone has been slowly trickling out over the last few months. Here’s our first look at the snazzy new Moto phone, courtesy of Mr. Eric Schmidt.

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This Stylish Watch Lets Blind People Feel Time

This Stylish Watch Lets Blind People Feel Time

There are simple things we often take for granted, like the fact that we can flippantly glance at a clock to tell the time. But people who can’t see don’t have that autonomy, which is why designer Hyungsoo Kim of Eone Timepieces has created the Bradley, a watch that lets blind people feel the time.

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Unannounced Motorola Moto X likely spotted in the hands of Google’s Eric Schmidt

Motorola X likely spotted in the hands of Google's Eric Schmidt

During the winter, Sun Valley is known for its skiing. This time of the year, however, it’s quickly becoming a tech hotspot as some of the industry’s top execs gather together at the annual Allen and Co media conference. Among the attendees is Google’s Eric Schmidt, who brought along a mystery Motorola phone and couldn’t resist showing it off. While Schmidt couldn’t “comment on the nature of this phone,” according to Variety’s Rachel Abrams, it certainly didn’t stop him from giving everyone a sneak peek. Multiple images of the device, which appears to feature a carbon fiber-like back and sleek curves, popped up on Twitter from the likes of Gary He and Taylor Wimberly. As it doesn’t match the leaked pictures of the upcoming Droid Ultra or Maxx — but carries an uncanny resemblance to the leaks and FCC diagrams we’ve seen of the X already — we’re guessing this is the legendary smartphone in the flesh; and judging by Schmidt’s willingness to flaunt it, it’s quite likely that we won’t have to wait much longer before we see even more of it. There’s one more shot of the device from the top past the break.

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Moto X publicly dogfooded by Google’s Schmidt as leaks increase

Rumors of Motorola’s upcoming smartphone are heating up. Currently known as the Moto X, the device has been the victim of numerous leaks and speculation over the last several weeks, and today we’re seeing yet another addition. Google Chairman Eric Schmidt was spotted using a mysterious device that we can only suspect to be the Google-owned Moto X device.

Business Leaders Meet In Sun Valley, Idaho For Allen And Co. Annual Conference

At the annual Allen & Co. business conference yesterday, Schmidt was seen using a mysterious device that looks a lot like Motorola’s Moto X handset, based on the handful of image leaks that we’ve seen so far. The photos of Schmidt using the phone are highly detailed, allowing us a good look at the device that he doesn’t appear to be keeping on the down-low.

The model that Schmidt is using appears to have a slightly glossy rear white shell with a curved shape. The camera module and LED flash are placed prominently in the center of the device toward the top, with what looks to be the speaker directly next to the camera. We also see that the headphone jack is dead center on the top edge of the device, rather than on one side or the other.

Eric Schmidt, executive chairman of Google, talks on the new yet to be released Google produced Moto X phone at the annual Allen and Co. conference in Sun Valley

As for the front of the device, it appears to be a solid slate of all black, but we can’t get a good look, seeing as how Schmidt’s ear is enveloping most of the phone. The volume rocker and the power button appear to be situated on the right edge of the device with thin chrome buttons. The edges of the phone look really thin, while the center is a bit thicker with its curved look, which is a rather unique shape for a smartphone these days.

The photos of Schmidt using this phone match up almost perfectly with the latest image leak of the device that shows a black matte model. It has the same curved rear shell with the camera module mounted in the same location, as well as the centered headphone jack on the top edge. One thing’s for sure: this phone exists, but the only question is what will it be called officially? And when is it arriving?

SOURCE: Reuters


Moto X publicly dogfooded by Google’s Schmidt as leaks increase is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2013, SlashGear. All right reserved.

Windows Phone 8 “Blue” update delayed to 2014 as limp GDR2 detailed

Microsoft has revealed details of its next Windows Phone 8 update, GDR2, but fans of the platform shouldn’t expect a significant refresh of the OS until early 2014, new leaks suggest. The fast-incoming General Distribution Release 2 has already been detailed, even though the exact timescale of its availability is still a mystery, including tidbits like an FM radio, CardDAV/CalDAV support for Gmail, and greater flexibility for how the camera button is handled, but the bigger Windows Phone “Blue” update now won’t arrive until sometime the new year.

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That, so sources talking to The Verge claim, is because various bugfixes have slowed Microsoft’s engineers down. The intention, so the leakers claim, was to be more proactive with firmware releases, but issues around new chipset testing, GDR glitches, and how unlocked, non-carrier devices register on networks have supposedly delayed that intention.

In between “Blue” and now will be a GDR3 update, released sometime before the end of the year. That will apparently include support for 5- and 6-inch Windows Phones, 1080p Full HD screen resolution, and up to quadcore processors.

However, it may also gain some of the features initially intended for “Blue” but, in an attempt to reclaim some of the lost momentum, packaged up into the General Distribution Release 3. That, the sources suggest, could include a screen rotation lock, though the new notification center, refined multitasking, and other leaked changes are still believed to be coming in “Blue”.

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In the meantime, there’s GDR2 to look forward to. Microsoft says that will allow certain phones to set a Lens of the user’s choice to open as the default when the camera hardware key is pressed, and some phones – i.e. those with the right chips – will get FM radio support. Xbox Music will see more metadata during playback, and it’ll apparently be easier to select, download, and pin music.

There’s also a Data Sense app, which will track mobile data use (with compatible carriers), while Internet Explorer will benefit from improved HTML5. Skype, too, will be more stable, as will Lync.

Meanwhile, Windows Phone manufacturers continue to push their own software development. Nokia released its HERE mapping apps for other OEMs earlier this week, and is now courting developers to create custom apps for its PureView photography system in the freshly-announced Nokia Lumia 1020. In fact, it’s said, Microsoft has to some extent been deciding the included features of GDR3 and “Blue” according to what demands OEMs like Nokia have made upon it.


Windows Phone 8 “Blue” update delayed to 2014 as limp GDR2 detailed is written by Chris Davies & originally posted on SlashGear.
© 2005 – 2013, SlashGear. All right reserved.

Distro Issue 98: How Facebook turned your identity into a commodity

http://www.engadget.com/2013/07/12/distro-issue-98-just-ask-facebook/

And we’re back! After a week off to consume as many summer cookout foods as possible here in the US, our tablet mag is returning to action. This time around, we take a look at how Facebook has taken your identity and turned it into a profit-making online entity. We also put the Razer Blade 14 and Samsung Galaxy Mega through their respective paces to see how they stack up against the competition. Eyes-On peeks at Wacom’s Cintiq 13HD, Switched On examines the plight of the Nook and Visualized takes a look at printed pastures. Hopefully the week off gave you time to rest up, because our return is jam-packed with slate-reading goodness.

Distro Issue 98 PDF
Distro in the iTunes App Store
Distro in the Google Play Store

Distro in the Windows Store
Distro APK (for sideloading)
Like Distro on Facebook
Follow Distro on Twitter

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Source: iTunes, Google Play, Windows Store