Shai Agassi, founder and CEO of Project Better Place, gave an amazing speech at a New Democrat Network meeting recently. Want to know how Agassi's idea for electric cars got $200 million -- the "largest seed round of any venture in history?" Then you have to check out his speech below the fold which tells the history of the company, makes a case for electric cars and details his company's future plans.

The 25 minute video flies by thanks to Agassi's charm and humor. Project Better Place begins testing this year and it plans to have hundreds of cars on the road a year later. Agassi refers to renewable energy sources as "virtual oil fields" and talks of feeding power to the grid as a backup power source for a country. The speech ends with him predicting that by 2020, more new cars will be electric. If that prediction comes true, he will have likely played a significant role.

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[Source: Google Video]