ELI5: Explain Like I'm 5

Better Place (company)

Better Place was a company that wanted to make electric cars better by creating a special system for charging and replacing their batteries. Imagine you have a toy car that runs on batteries, but when the battery dies, you have to replace it with a new one to keep playing. That's what Better Place wanted to do with real electric cars. They wanted to make it easy to replace a dead electric car battery with a fully charged one so people could keep driving their electric cars all over the place without worrying about running out of juice.

Better Place also wanted to build special charging stations for electric cars. Just like you plug your phone charger into the wall to give it power, electric cars need to be plugged in to charge up their batteries. Better Place wanted to create special charging stations that worked really fast, almost like a gas pump filling up a car with gasoline. They wanted to create places where people could easily and quickly charge their electric cars on long trips or even while shopping.

Unfortunately, Better Place had a lot of problems and ended up going out of business. But their idea of making electric cars more convenient and easy to use was still an important one, and many other companies have continued to work on making electric cars better and easier to charge.