Electric car company Better Place has announced that it will close its operations in Australia and the US, and will instead focus solely on Israel and Denmark, Globes reported.

In a statement, the company said, "Following the decision by Better Place to focus on delivering on its strategy in Denmark and Israel, where the complete infrastructure is in place and commercial operations are fully underway, consultations are underway with a view to securing an orderly wind-down of its non-core activities in North America and limiting any further investment in Australia beyond its current commitments."

Better Place will move its global headquarters from Palo Alto, California to Tel Aviv. 

The company has undergone some recent financial struggles and has seen a number of resignations from senior employees.