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Shai Agassi Says He Still Believes in the BetterPlace Model

(GigaOM)

The founder of electric vehicle network company Better Place, Shai Agassi, who stepped down as CEO several months ago, told me Thursday that he still believes in the Better Place business model of using swappable batteries and charging subscriptions, and he still thinks the company can make it.

“I don’t have an issue with the model, I had a problem with the company,” Agassi said on the sidelines of the Cleantech Investor Summit following a talk he gave on the future of electric vehicle infrastructure.

Agassi’s talk was the first time I’ve seen him speak publicly following his departure from both the board and his CEO role at a company he founded in 2007. He left a rapidly rising career at SAP to tackle the global problem of cars dependent on oil. Agassi wouldn’t speak about the details about what led him to part ways with Better Place and he told the audience he was legally bound not to talk about the situation.

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