Age, Biography and Wiki

Shai Agassi was born on 19 April, 1968 in Ramat-Gan, Israel, is an Israeli entrepreneur. Discover Shai Agassi's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 55 years old?

Popular As N/A
Occupation Founder of Better Place
Age 55 years old
Zodiac Sign Aries
Born 19 April 1968
Birthday 19 April
Birthplace Ramat-Gan, Israel
Nationality Israel

We recommend you to check the complete list of Famous People born on 19 April. He is a member of famous Founder with the age 55 years old group.

Shai Agassi Height, Weight & Measurements

At 55 years old, Shai Agassi height not available right now. We will update Shai Agassi's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Shai Agassi's Wife?

His wife is Tami Chotoveli

Family
Parents Not Available
Wife Tami Chotoveli
Sibling Not Available
Children 5

Shai Agassi Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Shai Agassi worth at the age of 55 years old? Shai Agassi’s income source is mostly from being a successful Founder. He is from Israel. We have estimated Shai Agassi's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Founder

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Timeline

1968

Shai Agassi (שי אגסי, born April 19, 1968) is an Israeli entrepreneur known for his involvement in the electric vehicle industry.

He is the founder and former CEO of Better Place, which had developed a model and infrastructure for employing electric cars as an alternative to fossil fuel technology.

1990

Throughout the 1990s, Agassi started and sold a number of technology startups, in the areas of enterprise software, internet technology, multimedia and small business administration.

Agassi has a bachelor's degree in computer science and has been awarded a large number of patents in software, automotive and energy infrastructure.

After graduating from Technion - Israel Institute of Technology, Agassi set out as a software entrepreneur.

1992

He founded TopTier Software (originally called Quicksoft Development) in Israel in 1992 and later moved the company's headquarters to California.

Agassi served the company in various capacities including chairman, chief technology officer, and then CEO.

He was directly involved in all critical phases of the company's development, including its strategic plan, technical direction and financing, management of two acquisitions, and negotiation of OEM agreements with companies such as SAP, Baan Corporation, and Microsoft.

2001

TopTier was a leading enterprise portal vendor when SAP acquired the company in April 2001 at a price of US$400 million.

2002

In addition to TopTier Software, Agassi co-founded several other companies with his father, Reuven Agassi, including Quicksoft Ltd., a leading multimedia software localization and distribution company in the Israeli market; TopManage, a developer of small business software that was also acquired by SAP in April 2002 (which became SAP Business One, the small business offering by SAP); and Quicksoft Media, a multimedia production company that ceased operations in 1995.

He was appointed to the SAP Executive Board in 2002.

Together with the head of the Application Platform & Architecture (AP&A) group, Peter Zencke, Agassi co-led the Suite Architecture Team, which aligns the software architecture across all SAP solutions.

2003

In 2003, at the age of 36, Agassi was named one of the top 20 'Global Influentials for 2003' by CNN-Time magazine.

2007

Prior to founding Better Place, Agassi was President of the Products and Technology Group (PTG) at SAP AG until 2007.

He wished to be the next CEO of SAP after Henning Kagermann vacated that space in 2007.

2008

In 2008, he was named one of TIME's “Heroes of the Environment". In 2009, Agassi was included in TIME magazine's 100 most influential people list. In 2010, Foreign Policy magazine included Agassi on its annual list of the 100 most influential global thinkers.

In January 2008, the Israeli government announced its support for a broad effort to promote the use of electric cars, embracing a joint venture between Better Place, Renault and its partner, Nissan Motor Company.

Renault and Better Place were to work on the development of electric cars which could be powered by exchangeable batteries.

Agassi initially raised $200MM for this project.

Investors included VantagePoint Venture Partners, Israel Corporation, Israel Cleantech Ventures, Morgan Stanley, and private investors led by Michael Granoff of Maniv Energy Capital.

2009

However, Mr. Kagermann's contract as CEO was extended until 2009 by the supervisory board.

This led Agassi to resign.

At SAP, he was responsible for SAP's overall technology strategy and execution.

In this leadership position, he oversaw the development of the integration and application platform SAP NetWeaver, SAP xApps packaged composite applications, SAP SRM, and SAP Business One.

Before his appointment to the SAP Executive Board, Agassi was CEO of SAP Portals and later of the combined company SAP Markets and SAP Portals, which previously operated as a fully owned subsidiary of SAP AG.

In 2009, he raised an additional $135 million for Better Place Denmark, including an investment from DONG Energy, the leading utility in Denmark.

Following the announcement in Israel, Better Place had launched its network in Denmark, Australia and in two US locations - Hawaii and Northern California.

The company said it was in talks with more than 25 countries around the world, but only in Israel and Denmark were battery swap stations built.

2010

In early 2010, Better Place raised its Series-B round at an amount of $350MM led by new investors from HSBC, Morgan Stanley, and Lazard, as well as all previous investors.

2011

In November 2011, the company raised its third equity financing round of $200 million from a group of investors including GE, UBS bank and others.

2012

Agassi was ousted as CEO of Better Place in October 2012.

2013

The company went bankrupt in 2013, after Agassi spent over $850 million on publicity while deploying fewer than 1000 cars.

On 26 May 2013, Better Place filed for bankruptcy in the Israeli courts.

After spending about US$850 million in private capital, fewer than 1,400 cars had been deployed in Israel.

The bankruptcy receivers sold the remaining assets in November 2013 for only $450,000.