StoreDot

Company Overview

Snapshot

Founded in September 2012 by Doron Myersdorf, Gil Rosenman, and Simon Litsyn, StoreDot operates with 51–200 employees. The company has raised a total of $200M across 7 funding rounds from 17 investors.

Business overview

StoreDot specializes in developing extreme fast charging (XFC) battery technology for electric vehicles, aiming to significantly reduce charging times to accelerate EV adoption. The company leverages proprietary organic and inorganic compounds, enhanced by artificial intelligence algorithms, to achieve rapid charging capabilities that allow EVs to charge in times comparable to refueling conventional combustion engine vehicles. StoreDot operates within the Energy Tech sector, focusing on eco-efficient energy storage and electric mobility, serving the automotive industry.

Strategic signal

StoreDot is actively expanding its global footprint and strategic partnerships. In September 2024, the company announced that five major automakers are now on board with its EV battery customization efforts, indicating strong industry validation and accelerating market penetration for its extreme fast charging technology. This signals a significant step towards broader adoption of their XFC silicon battery cells in the automotive sector.

Company Intelligence Q&A

What is StoreDot's core technology?

StoreDot develops extreme fast charging (XFC) battery technology for electric vehicles, utilizing proprietary organic and inorganic compounds enhanced by artificial intelligence algorithms to enable rapid charging capabilities.

What is StoreDot's '100inX' roadmap?

StoreDot's '100inX' roadmap outlines plans to progressively decrease EV charging times, aiming for 100 miles of range in 5 minutes by 2024, 4 minutes by 2026, and 3 minutes by 2028.

What strategic collaboration did StoreDot announce in September 2023?

In September 2023, StoreDot signed a strategic collaboration with Volvo Cars to develop cells for next-generation electric vehicles.

What was a key development for StoreDot in September 2024?

In September 2024, StoreDot announced that its extreme fast charging (XFC) silicon battery technology achieved 10-minute charging for large prismatic batteries, accelerating EV adoption.