StoreDot Overview
StoreDot specializes in the development of extreme fast charging (XFC) battery technology for electric vehicles, aimed at reducing charging times to support broader EV adoption. The company employs proprietary organic and inorganic compounds enhanced by artificial intelligence algorithms to enable rapid charging capabilities. This technology allows for an EV to be charged in times comparable to refueling a conventional combustion engine vehicle. Under its '100inX' roadmap, StoreDot plans to progressively decrease charging times: achieving 100 miles of range in 5 minutes by 2024, in 4 minutes by 2026, and in 3 minutes by 2028. Notably, in April 2024, StoreDot demonstrated a significant advancement with Polestar by successfully conducting a 10-minute charge using silicon-dominant battery cells. StoreDot has formed strategic partnerships and received investments from several major industry players, including BP, Daimler, VinFast, Volvo Cars, Polestar, Ola Electric, Samsung, TDK, and EVE Energy, which collaborate on various aspects of battery development and production.
Cumulative Funding Raised Over Time ($)
$70.0MJan 2022
$76.0MJun 2013
$96.0MMay 2018
$138.0MOct 2014
$200.0MSep 2017
$200.0MSep 2021
Latest News
growth-positive
/PRNewswire/ -- StoreDot, the pioneer of extreme fast charging (XFC) battery technology for electric vehicles (EVs), today announced a series of significant...
StoreDot, a leader in extreme fast charging (XFC) battery technology for electric vehicles, has made significant strides in 2024. The company successfully demonstrated its XFC technology by charging a Polestar 5 from 10% to 80% in just 10 minutes, showcasing its potential to eliminate range anxiety. StoreDot has also produced large prismatic cells and is developing cylindrical cells, expanding its product portfolio. The company is engaged with 15 leading car brands, with six OEMs in the B sample development stage, highlighting industry confidence in its technology. StoreDots batteries offer over 2000 fast charging cycles with minimal degradation, ensuring longevity and performance. These achievements mark a transformative year for StoreDot, bringing it closer to its vision of rapid EV charging.
Partners
growth-positive
/PRNewswire/ -- StoreDot, the pioneer in extreme fast charging (XFC) silicon battery technology for electric vehicles (EVs), enters Q4 of 2024 with a string of...
StoreDot, a leader in extreme fast charging (XFC) technology for electric vehicles, is making significant strides in 2024 with its production-ready silicon-based XFC battery. The company has formed strategic partnerships with five of the top ten OEMs, showcasing its batterys ability to charge in just 10 minutes without compromising range or battery health. This advancement addresses the key market concern of charging time, as highlighted by Deloittes 2024 global automotive consumer study. StoreDots technology, which requires no additional CAPEX, is poised to become a standard feature in EV models, solving charging and range anxiety. The company collaborates with major automakers, including Polestar, to integrate its technology into upcoming models.
Partners
growth-positive
/PRNewswire/ -- StoreDot, the pioneer in extreme fast charging (XFC) silicon battery cells for electric vehicles (EVs), announces the expansion of its advisory...
StoreDot, a leader in extreme fast charging (XFC) silicon battery cells for electric vehicles (EVs), has expanded its advisory board by appointing Rod Lache, a top auto industry analyst with over 30 years of experience. Lache, who has worked at Deutsche Bank and Wolfe Research, will support StoreDots commercialization efforts and OEM integrations. His expertise is expected to help StoreDot address key hurdles to EV adoption, such as cost and convenience. StoreDots strategic investors and partners include BP, Daimler, VinFast, Volvo Cars, Polestar, Ola Electric, Samsung, TDK, and EVE Energy.
Management Changes
growth-positive
/PRNewswire/ -- StoreDot, the pioneer in extreme fast charging (XFC) silicon battery technology for electric vehicles (EVs), announces that its prismatic...
StoreDot has announced a breakthrough in extreme fast charging (XFC) battery technology for electric vehicles (EVs), achieving a 10-80% charge in just 10 minutes without battery degradation. This innovation addresses a major barrier to EV adoption by eliminating charging anxiety. StoreDot has partnered with 15 leading global OEMs, including Flex|N|Gate, to test and scale its prismatic battery cells. The company aims to further reduce charging times to 4 minutes by 2026. StoreDots strategic investors include BP, Daimler, and Volvo Cars, among others.
PartnersCustomers
growth-positive
STOREDOT AND POLESTAR SHOWCASE WORLD'S FIRST ELECTRIC VEHICLE 10-MINUTE CHARGE WITH SI-DOMINANT CELLS
StoreDot, a pioneer in extreme fast charging (XFC) battery technology for electric vehicles, and Polestar, a Swedish electric performance car brand, have demonstrated a groundbreaking battery technology that charges an electric vehicle in just 10 minutes. The companies successfully charged a 77kWh battery pack powered by StoreDots XFC high energy silicon-dominant battery cells, installed in a Polestar 5 prototype, from 10% to 80% in under 10 minutes. This technology eliminates consumer charging anxiety, a major obstacle to widespread EV adoption.
Partners
| Sector | Energy Tech |
Funding
| Total funding | $200M |
| Last funding | $70M |
| Stage | D |
| Rounds | 7 |
| Investors | 17 |
Team Members
9
Employees: 51-200
Web & Social Links
| Website | www.store-dot.com |
| Careers | Careers page |
Locations
Arieh Shenkar Street 3, Herzliya, Israel
Photos & Videos
7 item(s)
StoreDot Business
Business models
B2B
Product stage
R&D
Employees
51-200
Sector
Climate TechEco-Efficient Transportation & LogisticsEco-Efficient Electric Vehicle Infrastructure & PlatformsEnergy TransitionEco-Efficient Energy StorageEnergy TechEnergy Management & Grid IntegrationAutomotive & Mobility TechnologiesElectric Mobility & Alternative FuelsTarget Customer
Industrial ManufacturingDiscrete IndustriesAutomotiveCore Technology
Materials & SubstancesNanomaterialsCompositesPolymersTags (19)
energy-storageenergyenergy-efficiencybatteriesmaterialsnanotechnologyelectric-vehiclesmobile-devicesrechargeable-batteriesunicorn-2022climate-techelectro-chemical-batterieslithium-ion-batteriesenergytechdronesautomotiveartificial-intelligencesmart-mobilitymachine-learningGeographic Markets
IsraelSouth KoreaUnited KingdomUnited StatesChinaStoreDot Financials
$200M
Total funding
Undisclosed
Capital raised
$70M
Last funding
D
Funding stage
7
Total rounds
17
Investors
Cumulative Funding Raised Over Time ($)
$70.0MJan 2022
$76.0MJun 2013
$96.0MMay 2018
$138.0MOct 2014
$200.0MSep 2017
$200.0MSep 2021
Private Equity Funding
D Round
Jan 2022
$70M
VinFast (Lead)
,
Volvo Cars Tech Fund, Ola Electric, Golden Energy Global Investment, BP Ventures, Polestar
Undisclosed Round
Sep 2021
Undisclosed
The Yozma Group (Lead)
C Round
May 2018
$20M
BP(UK)
C Round
Sep 2017
$62M
Daimler AG (Lead)
,
TDK Corporation, Norma Investments, Mercedes-Benz Group, Samsung Venture Investment
B Round
Oct 2014
$42M
RENREN, Norma Investments
A Round
Jun 2013
$6M
Daniel Recanati, Samsung Venture Investment, Singulariteam, Rhodium
Non-Equity Funding
GrantEvent
Dec 2020
Undisclosed
BIRD Foundation
StoreDot Lifecycle
Cumulative Funding Raised Over Time
$70.0MJan 2022
$76.0MJun 2013
$96.0MMay 2018
$138.0MOct 2014
$200.0MSep 2017
$200.0MSep 2021
All Events
D Round
Jan 2022
$70M
VinFast (Lead)
,
Volvo Cars Tech Fund, Ola Electric, Golden Energy Global Investment, BP Ventures, Polestar
Undisclosed Round
Sep 2021
Undisclosed
The Yozma Group (Lead)
C Round
May 2018
$20M
BP(UK)
C Round
Sep 2017
$62M
Daimler AG (Lead)
,
TDK Corporation, Norma Investments, Mercedes-Benz Group, Samsung Venture Investment
B Round
Oct 2014
$42M
RENREN, Norma Investments
A Round
Jun 2013
$6M
Daniel Recanati, Samsung Venture Investment, Singulariteam, Rhodium
GrantEvent
Dec 2020
Undisclosed
BIRD Foundation
StoreDot News
57 articles
growth-positive
/PRNewswire/ -- StoreDot, the pioneer of extreme fast charging (XFC) battery technology for electric vehicles (EVs), today announced a series of significant...
StoreDot, a leader in extreme fast charging (XFC) battery technology for electric vehicles, has made significant strides in 2024. The company successfully demonstrated its XFC technology by charging a Polestar 5 from 10% to 80% in just 10 minutes, showcasing its potential to eliminate range anxiety. StoreDot has also produced large prismatic cells and is developing cylindrical cells, expanding its product portfolio. The company is engaged with 15 leading car brands, with six OEMs in the B sample development stage, highlighting industry confidence in its technology. StoreDots batteries offer over 2000 fast charging cycles with minimal degradation, ensuring longevity and performance. These achievements mark a transformative year for StoreDot, bringing it closer to its vision of rapid EV charging.
Partners
growth-positive
/PRNewswire/ -- StoreDot, the pioneer in extreme fast charging (XFC) silicon battery technology for electric vehicles (EVs), enters Q4 of 2024 with a string of...
StoreDot, a leader in extreme fast charging (XFC) technology for electric vehicles, is making significant strides in 2024 with its production-ready silicon-based XFC battery. The company has formed strategic partnerships with five of the top ten OEMs, showcasing its batterys ability to charge in just 10 minutes without compromising range or battery health. This advancement addresses the key market concern of charging time, as highlighted by Deloittes 2024 global automotive consumer study. StoreDots technology, which requires no additional CAPEX, is poised to become a standard feature in EV models, solving charging and range anxiety. The company collaborates with major automakers, including Polestar, to integrate its technology into upcoming models.
Partners
growth-positive
/PRNewswire/ -- StoreDot, the pioneer in extreme fast charging (XFC) silicon battery cells for electric vehicles (EVs), announces the expansion of its advisory...
StoreDot, a leader in extreme fast charging (XFC) silicon battery cells for electric vehicles (EVs), has expanded its advisory board by appointing Rod Lache, a top auto industry analyst with over 30 years of experience. Lache, who has worked at Deutsche Bank and Wolfe Research, will support StoreDots commercialization efforts and OEM integrations. His expertise is expected to help StoreDot address key hurdles to EV adoption, such as cost and convenience. StoreDots strategic investors and partners include BP, Daimler, VinFast, Volvo Cars, Polestar, Ola Electric, Samsung, TDK, and EVE Energy.
Management Changes
growth-positive
/PRNewswire/ -- StoreDot, the pioneer in extreme fast charging (XFC) silicon battery technology for electric vehicles (EVs), announces that its prismatic...
StoreDot has announced a breakthrough in extreme fast charging (XFC) battery technology for electric vehicles (EVs), achieving a 10-80% charge in just 10 minutes without battery degradation. This innovation addresses a major barrier to EV adoption by eliminating charging anxiety. StoreDot has partnered with 15 leading global OEMs, including Flex|N|Gate, to test and scale its prismatic battery cells. The company aims to further reduce charging times to 4 minutes by 2026. StoreDots strategic investors include BP, Daimler, and Volvo Cars, among others.
PartnersCustomers
growth-positive
STOREDOT AND POLESTAR SHOWCASE WORLD'S FIRST ELECTRIC VEHICLE 10-MINUTE CHARGE WITH SI-DOMINANT CELLS
StoreDot, a pioneer in extreme fast charging (XFC) battery technology for electric vehicles, and Polestar, a Swedish electric performance car brand, have demonstrated a groundbreaking battery technology that charges an electric vehicle in just 10 minutes. The companies successfully charged a 77kWh battery pack powered by StoreDots XFC high energy silicon-dominant battery cells, installed in a Polestar 5 prototype, from 10% to 80% in under 10 minutes. This technology eliminates consumer charging anxiety, a major obstacle to widespread EV adoption.
Partners
growth-positive
StoreDot opens new US HQ in California
StoreDot, a battery technology company, has opened a new 5,800 square-foot research and development hub in Southern California. The facility is intended to bring the company closer to its major automotive customers and manufacturing partners. The company is looking to expand its team in Irvine to accelerate research in advanced battery materials and manufacturing processes for extreme fast charging of electric vehicles. StoreDot has received investment from companies such as Volvo, Polestar, Ola Electric, and VinFast.
PartnersInvestmentExpand
growth-positive
Israeli EV Battery Maker Signs New Deal With Chinese Partner
Israeli startup StoreDot has signed a new agreement with Chinese battery producer EVE Energy to mass produce its extreme fast charging (XFC) lithium-ion battery cells. The partnership will allow StoreDot to leverage EVE’s manufacturing capabilities to produce batteries that can recharge an electric vehicle in five minutes. StoreDot will also license its technology to EVE and look for other partners. The agreement is a significant step towards StoreDots commercialization.
PartnersExpand
growth-positive
תעשייה במלחמה: סטור-דוט ממשיכה לעבוד על 15 פרויקטים עם יצרני הרכב החשמלי - Chiportal
Storedot CEO, Doron Myersdorf, in an interview with CHIPORTAL, stated that the company is in a good state despite the war. He mentioned that 15% of the employees were recruited with the outbreak of the war, but the company continues to work on 15 projects with electric car manufacturers and supply products to customers worldwide. The company has received a lot of support from the majority of board members, partners, and customers. He also mentioned that their partner in China expressed concern and solidarity with the company and Israel.
CustomersPartners
growth-positive
The Engineer - StoreDot enters partnership with Flex|N|Gate to produce extreme fast charging battery cells
Battery technology company StoreDot has entered into a strategic partnership with Flex|N|Gate to commercialise StoreDot’s XFM batteries for electric vehicles. The batteries, designed to provide 100 miles of range with five minutes of charging, will be produced at Flex|N|Gates factory in Windsor, Ontario in 2024. The partnership will allow StoreDot to expand its presence in the North American market and meet the needs of local OEMs. StoreDots batteries are currently being tested by electric vehicle manufacturers.
PartnersExpand
STOREDOT SIGNS STRATEGIC COLLABORATION WITH VOLVO CARS TO DEVELOP CELLS FOR NEXT GENERATION EVS
growth-positive
דיווח: טסלה מתעניינת בסוללות של StoreDot - Techtime - חדשות אלקטרוניקה והייטק
Storedot, an Israeli company that has developed fast-charging batteries for electric vehicles, is preparing to establish a global manufacturing infrastructure after its batteries were successfully tested by 15 car manufacturers in 2022. One of these companies is likely Tesla. The companys CEO, Dr. Doron Myersdorf, did not comment on this but mentioned that the company is moving from the A-Sample stage to the B-Sample stage. He also mentioned that significant revenues are not expected before 2025-2026. The company is also planning to adopt new solid-state battery technology.
CustomersPartnersExpand
growth-positive
STOREDOT EXTREME FAST CHARGING HIGH ENERGY BATTERY CELLS NOW IN TESTING BY OVER 15 GLOBAL AUTOMOTIVE BRANDS
StoreDots XFC battery cells are being tested by over 15 global automotive brand manufacturers, confirming their extreme fast charging capability. The company has potential manufacturing partnerships in the pipeline. The XFC batteries are on track for mass production readiness by 2024, delivering at least 100 miles of range in just five minutes of charging. StoreDots strategic technology roadmap includes three generations of battery technologies to be delivered over the coming decade. The company has received investments from global automotive manufacturers. StoreDot aims to revolutionize EV adoption by overcoming range and charging anxiety.
PartnersInvestment
growth-positive
StoreDot begins shipping batteries delivering 100 miles of range in 5 minutes of charging | CTech
Israeli company StoreDot has started shipping its extreme fast charging batteries for electric vehicles to strategic electric vehicle OEM partners and potential customers. The companys investors include Daimler, VinFast, Volvo, Polestar, and Ola Electric. StoreDot plans to begin mass production of its 100in5 battery cells in 2024, which provide 100 miles of range in just 5 minutes. The batteries are currently undergoing real-world testing with OEM partners and other automotive players. StoreDot raised $70 million in a Series D funding round earlier this year, valuing the company at $1.5 billion.
InvestmentPartners
growth-positive
STOREDOT, THE EXTREME FAST CHARGING BATTERY PIONEER, SHIPS EV BATTERY CELL SAMPLES TO GLOBAL CAR MAKERS FOR TESTING TO ACCELERATE ADOPTION DELIVERING 100 MILES OF RANGE IN 5 MINUTES OF CHARGING
StoreDot has started shipping EV cell samples of its 100in5 battery technology to strategic partners and potential customers. The company aims to accelerate mass EV adoption and eliminate range and charging anxiety with its innovative silicon-dominant lithium-ion cell technology. The samples, which provide 100 miles of range in just 5 minutes of charging, are being tested by leading automotive manufacturers. StoreDot plans to begin mass production of its 100in5 cells in 2024 and aims to provide 100 miles of range in just 3 minutes by 2028. The company has received investments from Daimler, VinFast, Volvo, Polestar, and Ola Electric.
PartnersInvestment
growth-positive
STOREDOT, THE EXTREME FAST CHARGING BATTERY PIONEER, JOINS FORCES WITH POLESTAR IN STRATEGIC PARTNERSHIP
Polestar has formed a partnership with StoreDot and made a strategic investment to explore the use of extreme fast charging technologies for future models. StoreDot is on track to mass produce silicon-dominant lithium-ion cells that can deliver 100 miles of range in just five minutes of charging by 2024. The partnership will enable Polestar to investigate using StoreDots batteries for its cars. The investment from Polestar is seen as a vote of confidence in StoreDots technology and will help accelerate the commercialization process. StoreDots other global strategic partners include Daimler, BP, VinFast, Volvo, Ola Electric, Samsung, TDK, and EVE Energy. The funding from Polestar is part of StoreDots Series D investment round.
PartnersInvestment
growth-positive
Volvo invests in fast-charging battery unicorn StoreDot CTech
Volvo Cars Tech Fund has invested in StoreDot, an Israeli extreme fast charging company. The investment is part of a $70 million funding round, with Volvo believed to have invested several millions of dollars. StoreDot, valued at $1.5 billion, aims to begin mass-producing its 100in5 cells by 2024, which can achieve 100 miles of charge in just five minutes. The investment allows Volvo Cars to collaborate with StoreDot on battery technology as it aims to become a pure electric car company by 2030. Volvo Cars joins a list of global investors in StoreDot, including Daimler, VinFast, Ola Electric, BP Ventures, Samsung, TDK, and EVE Energy.
InvestmentPartners
growth-positive
Ola Electric makes strategic investment in StoreDot, an Israeli company with extreme fast charging technology
Ola Electric, Indias leading manufacturer of EVs, has invested in StoreDot, an Israeli battery technology company known for its extreme fast charging (XFC) technology. This investment is part of Ola Electrics plan to expand its R&D in advanced cell chemistry, manufacturing, and battery technologies. Ola Electric will have access to StoreDots XFC battery technology and exclusive rights to manufacture batteries with fast charge technology in India. Ola Electric also plans to set up a gigafactory for manufacturing cells in India. The partnership with StoreDot is strategic for Ola Electrics mission to accelerate the worlds transition to electric mobility. StoreDot is working on developing a 2-Minute charge technology in the next 10 years. The date of the event described in the article is March 21, 2022.
InvestmentPartners
growth-positive
STOREDOT, THE EXTREME FAST CHARGING BATTERY PIONEER, ON TRACK TO ACHIEVE 100 MILES PER 5 MINUTES OF CHARGE IN 2024 AND 100 MILES IN 2 MINUTES WITHIN A DECADE
StoreDot, a pioneer in extreme fast charging (XFC) battery technology for electric vehicles, has unveiled its strategic technology roadmap called 100inX. The roadmap outlines the companys plan to develop batteries that can charge 100 miles of range in just a 2-minute charge, with mass production readiness expected within 10 years. StoreDot is also on track to produce silicon-dominant anode XFC lithium-ion cells capable of delivering 100 miles of range in 5 minutes of charge by 2024. Additionally, the company is developing semi-solid-state technologies to further improve battery performance, aiming to achieve 100 miles of charge in just 3 minutes by 2028. StoreDots ultimate goal is to produce cells that can revolutionize charging times, achieving 100 miles of range in only 2 minutes. The companys groundbreaking XFC cells are being tested by several automotive OEMs. StoreDots strategic investors include VinFast, BP, Daimler, Samsung Ventures, and TDK.
InvestmentExpand
growth-positive
Fast-charging battery startup StoreDot hits $1.5 billion valuation in Series D
StoreDot, an Israeli fast-charging battery startup, has raised tens of millions of dollars in its Series D funding round, valuing the company at $1.5 billion. The round, led by VinFast, aims to attract additional strategic investors from the automotive industry. StoreDots extreme fast charging (XFC) batteries can fully charge an electric vehicle in just five minutes. The funds raised will be used for research and development of battery cells, as well as scaling up operations and establishing a battery manufacturing facility. StoreDot is considering going public through a merger with a SPAC or a traditional IPO, with advice from investment bank JP Morgan. The company plans to focus solely on the auto industry and take advantage of the growing market for fast-charging batteries.
InvestmentPublic Trading
growth-positive
StoreDot CEO: "We are doing what was considered impossible"
Doron Myersdorf, CEO of StoreDot, believes that there will be a massive adoption of electric vehicles in the near future. StoreDot is focused on developing batteries that can charge faster, aiming to make the charging experience similar to fueling a vehicle. The company is working on the chemistry of the battery to achieve this goal. StoreDot has raised at least $130 million and employs 120 people. Myersdorf sees the industry at a tipping point and expects to see significant growth in the adoption of electric vehicles in the next few years.
InvestmentExpand
growth-positive
StoreDot to open innovation centre in the USA - electrive.com
Israeli battery developer StoreDot has announced plans to build a global innovation center in California, USA, to accelerate the development of solid-state batteries. The facility will support the companys mission to promote a zero-emissions world and will focus on the mass production of XFC cell technology by 2024. StoreDot also plans to research next-generation solid-state capabilities and materials with extreme energy density. The company is in advanced talks with leading car manufacturers and is considering establishing a manufacturing partnership in the US. The exact investment and staffing levels for the new center, as well as the opening date, have not been disclosed.
InvestmentPartnersExpand
growth-positive
StoreDot expands Asia reach through Yozma investment
StoreDot has received an investment from Yozma Group, which will allow the company to engage with automotive manufacturers in South Korea. The investment will support StoreDots development of extreme fast-charging battery technology for electric vehicles (EVs). StoreDot aims to reduce range and charging anxiety by providing faster charging capabilities. The partnership with Yozma Group will help StoreDot execute its roadmap to accelerate the adoption of EVs. StoreDot is in advanced talks with global car makers and plans to deliver mass-produced XFC batteries by 2024. The company is also working on next-generation solid-state technologies for mass production in 2028.
PartnersInvestment
growth-positive
הסוללה הישראלית שתניע את מהפכת הרכב החשמלי [פודקאסט] - Techtime - חדשות אלקטרוניקה והייטק
Stordot, an Israeli company, has developed a revolutionary car battery that can be fully charged in just five minutes. The key to accelerating the charging process lies in the internal chemistry of the battery. By altering the chemical composition that makes up the battery and dictates the charging and discharging process, Stordot has managed to create a battery that charges in just five minutes. This ultra-fast charging will make electric cars more accessible, reduce the need for overnight charging, and allow us to charge the car with the same ease with which we fill up with fuel today.
Investment
growth-positive
Israeli company unveils electric vehicle battery that can recharge in 10 minutes
StoreDot, an Israeli developer of extreme fast-charging (XFC) battery technology, has unveiled a silicon-dominant battery prototype capable of recharging in just 10 minutes. The cylindrical cells use a format favored by global carmakers, including Tesla. StoreDot has been in development for three years and is now working on setting up a production line with manufacturing partner Eve Energy. The company is in advanced discussions with global automotive manufacturers to supply them with XFC cells. StoreDots strategic investors include BP Ventures, Daimler AG, TDK, and Samsung Ventures. The company has raised $130 million to date. StoreDot has also received approval from NASA to conduct space-based research and development on new battery materials.
PartnersInvestment
growth-positive
StoreDot, the Extreme Fast Charging Battery Pioneer, Announces Patent Filing to Revolutionize Charging Times and Makes the Technology Available Through Open Source to Benefit the Automotive and Battery Ecosystem
StoreDot, a pioneer in extreme fast charging (XFC) battery technology for electric vehicles, has been granted a patent for revolutionary systems that will decrease EV charging times. The patent covers breakthrough technology that incorporates hardware and software advances, allowing the battery to analyze the capability of the charging station in real time and adjust the batterys ability to carry high current rates. This will enable faster charging and optimize future fast-charge technologies without the need for infrastructure upgrades. StoreDot aims to make this technology available to other organizations to expand current charging infrastructure and accelerate the global adoption of electric vehicles. The company is in advanced talks with global car makers and plans to deliver mass-produced XFC batteries, which reduce charging time by 50%, by 2024. StoreDots strategic investors include BP, Daimler, Samsung Ventures, and TDK.
CustomersPartnersInvestment
growth-positive
StoreDot, The Extreme Fast Charging Battery Pioneer, Appoints Global Advisory Board to Advance Mission Towards Universal EV Adoption
StoreDot has announced the formation of a Global Advisory Board to support its mission of providing fast charging battery technology for electric vehicles. The Advisory Board will provide expertise in battery science, electric vehicle infrastructure, automotive industry integration, and strategic funding. The board members include executives from Polestar, Clarios, and BP Advanced Mobility, among others. StoreDots extreme fast charging (XFC) batteries, which reduce charging time by 50%, are already being tested by major automotive companies. The formation of the Advisory Board is a significant step forward for StoreDot as it moves towards commercializing its technology and supplying car makers with fast charging battery technologies.
Partners
growth-positive
StoreDot announces new framework agreement with EVE Energy to manufacture silicon-dominant Extreme Fast Charge (XFC) Battery for EVs
StoreDot has announced a new framework agreement with its battery manufacturing partner EVE Energy to support the commercialization of its silicon-dominant anode XFC FlashBattery for electric vehicles (EVs). The agreement includes scale-up activities, production of engineering samples, and the intention to set up a joint venture for mass production. StoreDots FlashBattery takes a holistic approach to battery design for fast charging. The company aims to achieve 300 Wh/kg in the Si-rich, fast-charging cell. StoreDots strategic investors include BP, Daimler, Samsung Ventures, and TDK.
Partners
growth-positive
StoreDot joins the Israeli Electric Company for Pioneering Research Mission on International Space Station to Test Extreme Fast Charging in Space for First Time in History
StoreDot, an Israeli company known for its extreme fast charging (XFC) battery technology, has been approved by NASA to conduct the first space-based research and development program into new battery materials. The research will be conducted in collaboration with the Israeli Electric Company (IEC) and is part of the Israel Space Agency and The Ramon Foundations RAKIA mission to the International Space Station in February 2022. The results of the research are expected to accelerate the time to market of StoreDots 5-minute charge battery by aligning energy density and cycle life with the requirements of EV OEMs.
PartnersInvestment
growth-positive
Fast-charging battery startup gets NASA nod for research in space
StoreDot has received approval from NASA to conduct space-based research and development on new battery materials. The experiment will take place on the International Space Station as part of Israels Rakia program. StoreDots extreme fast charging (XFC) technology will be tested in zero gravity conditions for two weeks. The results will be used to gain insights into the chemical reactions that cause silicon to expand during the fast-charging process. The findings will be incorporated into StoreDots silicon-dominant anode XFC battery for electric vehicles. The company expects the experiment to pioneer a methodology for testing materials in space and on Earth, with implications beyond batteries. StoreDots strategic investors include BP, Daimler, TDK, and Samsung Ventures.
PartnersInvestment
growth-positive
Fast-charging battery startup StoreDot closing on $3.5 billion SPAC merger
Israeli company StoreDot is in negotiations to merge with a Wall Street SPAC at a $3.5 billion valuation. StoreDots batteries can currently be used to power various devices and the company aims to develop technology to charge electric vehicle batteries. The CEO stated that an EV battery will be presented before the end of 2021. StoreDot has raised $140 million in financing rounds and has strategic investors including BP, Daimler, Samsung Ventures, and TDK.
InvestmentPublic Trading
growth-positive
StoreDot One Step Closer to Eliminating EV Charging & Range Anxiety with Launch of First Ever '5-Minute Charge' Li-ion Battery Samples
StoreDot announces the availability of its first-generation 5-minute charge battery engineering samples, representing a significant milestone in its mission to eliminate the range and charging anxiety of electric vehicles (EVs). The samples demonstrate the successful replacement of graphite in the batterys anode using metalloid nano-particles, overcoming safety and battery cycle life issues. The samples are produced by StoreDots strategic partner EVE Energy and can be manufactured on existing Li-ion production lines. The technology has the potential to offer ultra-fast charging to other industries as well. StoreDots strategic investors include BP, Daimler, Samsung Ventures, and TDK.
CustomersPartners
growth-positive
Now you can recharge your drone in 5 minutes
Israeli startup StoreDot has adapted its ultra-fast charging (UFC) battery technology to work with drones, offering a five-minute recharge time. This technology will make the business case for drone use more attractive, as it significantly reduces downtime between flights. StoreDots batteries are also better for the environment, using less cobalt and replacing graphite with metalloids. The company has already raised $130 million in investments, including funding from BPs venture capital arm, Daimler AG, and TDK. StoreDot estimates that the commercial drone market will be worth nearly $130 billion by 2025.
CustomersPartners
growth-positive
StoreDot Demonstrates World's First 5-Minute Charge of a Commercial Drone, Making Continuous & Fully-Autonomous Drone Delivery a Reality
StoreDot has launched its ultra-fast charging (UFC) technology for the drone industry, allowing drones to be fully charged in just 5 minutes. This overcomes the barriers of slow charging times and enables continuous, fully-autonomous drone operation. Currently, it takes 60 to 90 minutes to charge a commercial drone, resulting in significant downtime. StoreDots technology eliminates the need for human intervention in the charging process and allows for greater freedom in locating charging stations. This increases operational efficiencies and profitability for drone users. StoreDot is an Israeli-based battery and materials innovation leader that aims to increase the adoption of electric vehicles and overcome range and charging anxiety barriers.
PartnersCustomers
growth-positive
StoreDot fully charges e-scooter battery in 5 minutes
Israeli battery materials innovation developer StoreDot and its strategic partner BP have demonstrated a live, full-charge of an electric scooter in just five minutes, showcasing the potential of StoreDots ultra-fast charging battery technology. This breakthrough has the potential to accelerate the adoption of electric vehicles and improve the EV ownership experience. BP has invested $20 million in StoreDot, and other investors include Daimler and Roman Abramovich.
Investment
growth-positive
Israeli company promises a 5-minute recharge for your electric car
Israeli startup StoreDot has developed a Flash Battery that can be fully charged in just five minutes, addressing the slow recharging issue of electric vehicles. The battery uses a mix of metalloids and proprietary organic compounds, replacing the graphite used by other manufacturers. StoreDot has received major investments from BP Ventures and EVE Energy, and a funding round led by Daimler AG. The company plans to develop its own battery manufacturing plant in the US, called One Giga. StoreDot aims to disrupt the EV battery market and is also working on fast-charging batteries for mobile devices. The Flash Batteries are more environmentally friendly and do not degrade with repeated charging.
InvestmentPartners
growth-positive
StoreDot and Nissan Chemical Partner to Advance Superior Colour, Environmentally-Friendly, Heavy-Metal Free Solution for TV Displays
StoreDot Ltd and Nissan Chemical Corporation have entered into a development and licensing agreement for StoreDots organic MolecuLED technology. The agreement aims to deliver a new wide-color gamut wavelength conversion technology for next-generation displays. StoreDots MolecuLED technology offers superior performance and processability compared to other technologies in the market. It also solves environmental and safety issues by eliminating the use of harmful and costly metals. Nissan Chemical will work with StoreDot to adopt and improve the technology for in-pixel display solutions and bring it into mass production. StoreDot sees this partnership as an opportunity to bring their proprietary display technology to customers faster.
Partners
growth-positive
Soon You Will be Able to Charge Your Car in Under 10 Minutes, Storedot COO Says
Israel-based battery startup StoreDot Ltd. is developing a car battery that can be fully charged in less than ten minutes. The company has raised $158 million to date and has investors such as Samsung and Daimler AG. StoreDot has also signed an agreement with lithium batteries manufacturer EVE Energy Co. Ltd. to manufacture its products in China. The company aims to address the need for fast-charging batteries for electric vehicles, as many people rely on public charging infrastructure. StoreDot expects to have a fully operating prototype of the battery within two years.
InvestmentPartners
growth-positive
Chinese Battery Maker EVE Signs Manufacture Agreement With Israel-Based Startup Storedot
Storedot, an Israeli battery startup, has signed an agreement with EVE Energy to manufacture its fast-charging batteries for electric vehicles and mobile devices in China. The financial terms of the deal were not disclosed. Storedot has raised $126 million to date and its backers include TDK Corporation, Daimler AG, and BP PLC. StoreDot CEO Doron Myersdorf believes that China has surpassed the West in battery manufacturing and that the Western markets will soon face a shortage due to high demand and limited production capacity.
PartnersExpand
growth-positive
StoreDot: Powering up the EV Revolution Auto Futures
StoreDot, a company developing super fast charging electric batteries using nano-technology, has major backers including energy giant BP. The breakthrough technology has the potential to fuel the EV revolution. The article discusses an interview with Erez Lorber, the COO of StoreDot, who talks about the companys next steps.
Partners
growth-positive
StoreDot Developing Autonomous Vehicle Battery that Charges in Five Minutes, Says Exec
StoreDot Ltd. is developing a battery for electric vehicles that charges in just five minutes. The company expects to see results by 2021. StoreDot has raised $158 million to date, with investors including TDK Corporation and Daimler AG.
Investment
growth-positive
Roman Abramovich visits StoreDot in Herzliya
Roman Abramovich, Israels wealthiest citizen, visited the pilot production line of StoreDot, a company developing ultra-fast battery technology for cars and smartphones. StoreDot has received a $20 million investment and strategic partnership from BP, its first-ever investment in Israel. The company expects to have its flash batteries for smartphones available for sale by 2019 and is also working on a new type of electric-car battery that aims to achieve a charging experience comparable to refueling a traditional car.
InvestmentPartners
growth-positive
UK's BP unit invests $20m in Israel's fast battery charging startup StoreDot
BP Ventures has invested $20 million in Israeli startup StoreDot, which is developing ultra-fast battery charging technology for electric vehicles. This marks BPs first investment in an Israeli company. StoreDot has developed a lithium ion-based battery technology that enables ultra-fast charging for mobile and industrial markets. The startup is also working on a new type of electric-car battery that can be charged in the same time it takes to refuel a traditional car. The investment will allow BP and StoreDot to work together to bring the technology to market. BP is seeking to meet the demands of drivers at its service stations, regardless of whether they drive fuel or electric vehicles. The company aims to identify the technologies and infrastructure needed to support the growth of electric vehicles worldwide.
Investment
growth-positive
BP Backs Quick-Charging Battery Startup StoreDot
BP Ventures has invested $20 million in StoreDot, an Israel-based quick-charging battery startup. StoreDot develops fast-charging batteries for mobile phones, tablets, laptops, and electric vehicles. Their flash battery technology enables a charging time of five minutes. StoreDot aims to commercialize its flash battery for mobile communication devices in 2019 and has signed a strategic partnership with TDK Corporation. Daimler AG led a $62 million funding round for StoreDot in 2017. StoreDot has raised over $138 million to date from investors including Samsung Ventures, Norma Investments, Lucion Venture Capital, and TDK. BP Ventures invests in and accelerates companies in the energy sector and has invested over $400 million since 2006.
Investment
growth-positive
StoreDot raises $60 million from Daimler, others for electric car batteries that charge in 5 minutes
Israel-based startup StoreDot, which creates super fast-charging batteries using bioorganic technology, has raised $60m in a funding round led by Daimler’s trucking division. Other participants included Samsung Ventures and Norma Investments. StoreDot, which was founded in 2012, operates across three core business units: mobile devices, electric vehicles (EVs), and screen displays. The company has developed a battery that can fully charge a car in five minutes. With the new funding, StoreDot plans to target its FlashBattery technology at the EV industry.
InvestmentPartners
growth-positive
This Electric Car Battery Can Be Fully Charged In A Matter Of Minutes - Wall Street Pit
Tel Aviv-based nanotech startup StoreDot showcased their FlashBattery technology at the CUBE Tech Fair in Berlin. FlashBattery is a battery that uses layers of nanomaterials and proprietary organic compounds for ultra-fast charging of electric car batteries. It only takes 5 minutes to reach full charge and provides a driving range of up to 300 miles. StoreDot claims to have improved on increased capacity, fast charging, and longer battery life simultaneously. The FlashBattery is in advanced stages of development and StoreDot is exploring partnership options to boost production. They expect the FlashBattery to be commercially available within the next 3 years, which could entice more consumers to shift to electric-powered transportation.
Partners
growth-positive
http://www.jpost.com/Israel-News/StoreDot-unveils-electric-vehicle-battery-that-can-charge-in-five-minutes-492067
Israeli start-up StoreDot has unveiled a battery that can be fully charged in just five minutes. The company demonstrated the ultrafast charging capabilities of its FlashBattery technology at a tech fair in Berlin. StoreDots new product is a larger version of its existing FlashBattery Power Bank for smartphones. While the battery has the capability to charge in five minutes, the necessary charging infrastructure does not yet exist. Charging all the cells in an electric vehicle quickly would require a powerful charging station with a 350-kilowatt capacity. StoreDots FlashBattery employs nanomaterials and organic compounds to create a matrix capable of accepting lithium ions quickly. The company is working with manufacturing sites in Japan and China to enable mass production of the new materials.
InvestmentPartnersCustomers
growth-positive
'Hyperfast' EV charging to become a reality thanks to Israeli start-up - report
Israeli start-up StoreDot is developing a new battery for electric vehicles that can be recharged in under five minutes. The company aims to speed up the adoption of electric vehicles by addressing the slow charging issue. StoreDot plans to redesign each component of car batteries to use new materials that are safer and less flammable. The new batteries are expected to have a similar price tag to current lithium-ion batteries. StoreDot has already demonstrated its fast-charging battery technology for smartphones and is now applying it to electric cars. The companys battery packs could be available as early as 2020.
Customers
growth-positive
StoreDot's System Can Charge a Phone Battery in 5 Min Digital Trends
StoreDot, a company specializing in battery technology, has developed a proprietary battery and charger that can fully charge a smartphone in five minutes. The technology was demonstrated at the Mobile World Congress trade show and received positive feedback. StoreDots CEO, Doron Myersdorf, explained that the technology is based on a new generation of lithium-ion batteries. While there are other fast-charging standards in the industry, StoreDots solution aims to achieve faster charging speeds without compromising the batterys lifespan. The company is currently working with major smartphone OEMs and battery manufacturers to bring the technology to market. Samsung has already invested in StoreDot. The technology also has potential applications beyond smartphones, including electric cars.
CustomersPartners
growth-positive
StoreDot could fully charge your phone in just a minute
StoreDot, an Israeli nanotechnology startup, has developed a battery charger that can fully charge drained phone batteries in just one minute. The charger uses a new technology that synthesizes new molecules designed from scratch in the companys labs. It is 100 times faster than other chargers and can last for up to three years. StoreDot has received $76 million in Series C funding from investors including Singulariteam, Roman Abramovich, and Samsung Ventures. The company is currently selling the batteries to phone manufacturers and plans to mass produce the chargers in 2017.
InvestmentExpand
growth-positive
StoreDot raises $18m for 5-minute car battery charger
Israeli specialty materials innovator StoreDot has raised $18 million for its new Electric Vehicle (EV) business unit. The funding will be used to develop and commercialize the EV business unit, with the goal of building the first instantly-charging car prototype. The new business unit aims to reduce charging time for electric vehicles to five minutes. The funding will also support the development of a powerful charging station, a fast charging standard, and an integrated FlashBattery management system. The investors in this round include Roman Abramovich and Samsung Ventures.
InvestmentExpand
growth-positive
StoreDot, Which Charges Smartphone Battery In 30 Seconds, Will Soon Charge Cars In 5 Minutes!
StoreDot, an Israeli startup known for its ultra-fast smartphone battery charger, is now developing a charger for electric cars. The company aims to recharge electric cars in just five minutes, making them ready for a 300-mile drive. StoreDot is in talks with automobile manufacturers like Ford, Nissan, and Audi for potential partnerships. The company has raised $58 million in private rounds, with $10 million coming from Russian billionaire Roman Abramovich. StoreDots battery technology is expected to be available in new models of smartphones from participating manufacturers, with consumers willing to pay extra for super-fast charging. StoreDot is also working on enhancing backlight displays for LCD TVs and mobile devices. The companys technology has the potential to revolutionize app development by removing battery life as a constraint.
PartnersInvestment
growth-positive
StoreDot promises electric car that charges in 5 minutes
Israeli start-up StoreDot has demonstrated a technology that can recharge a cellphone from zero power to 100% charged in about two minutes. The companys CEO, Dr. Doron Myersdorf, also announced plans to develop a technology that can recharge an electric car in five minutes. The technology is based on turning peptides into energy storage nanotubes which can store and emit a large amount of energy at one time. StoreDots EV FlashBattery can charge fully in 5 minutes, providing 300 miles of driving distance.
Expand
growth-positive
StoreDot Charges Up With $42M For Its Fast-Charging Bio-Organic Batteries
Israeli startup StoreDot, which is developing fast-charging smartphone battery technology using quantum dot, has closed a $42 million Series B funding round. The company plans to use the funding to commercialize its technology, which it claims can charge a smartphone battery from flat to full in 30 seconds. The technology also offers a cheaper and non-toxic alternative to cadmium in screens. The company also plans to hire new staff and develop other products that use its nano crystal bio-organic technology.
InvestmentExpand
growth-positive
Battery charging co StoreDot raises $32m
Israeli start-up StoreDot has raised $32 million in an investment round led by Singulariteam, bringing the total amount raised to $48 million. The funds will be used for product development and hiring more staff. StoreDot has developed a battery charger that can recharge a smartphone in 30 seconds.
InvestmentExpand
growth-positive
StoreDot raising $6m from Wertheimer, Olmert, and Rabin
StoreDot Ltd. is completing its first financing round of $6 million. The company is developing electrical conductors from biological materials. The investors include well-known personalities such as Stef Wertheimer, Genesis Angels, and Nation-E Ltd. There is also a strategic investor, which StoreDot CEO Doron Meyersdorf describes as a leading global mobile and television display company. The partnership with this investor, potentially Samsung Electronics Co. Ltd., could be critical for StoreDots success. StoreDot was founded based on a breakthrough discovery on molecular structures built from biological materials, which could revolutionize the world of semiconductors. The company is now emerging from secrecy and has the potential to become one of Israels most interesting high-tech companies.
Investment
Roman Abramovich Invests $10 Million in Israel's StoreDot
growth-positive
Roman Abramovich invests $10m in StoreDot
Russian billionaire Roman Abramovich has invested $10 million in StoreDot, an Israeli startup that has developed a battery charger capable of recharging a Samsung smartphone in just 30 seconds. The investment was made through Abramovichs private asset management company Millhouse LLC. StoreDot plans to raise an additional $20-30 million to establish a US R&D center. The companys materials can replace the use of toxic metals in batteries and screens. StoreDot aims to be closer to electronics companies and Silicon Valley to better access technology and commercialize its products.
InvestmentExpand
StoreDot Team
Noa Kotok
Director of Product Marketing
Employee Info
| Employees (range) | 51-200 |
| Exact count | 139 |
| Team members | 10 |
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Admin Info
| Confidence | 101/100 |
| Missing | markets |
| BI Verification | Natalia Golczar |
| Registrar ID | 514820117 |
| Crunchbase | storedot |
| Phone | +97235097710 |
| Creator | Rebecca Mack |
| Creator email | rebeccamack26@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-11-30T00:00:00.000Z |
| Created | 2014-07-01T00:00:00.000Z |
| Claimed | Yes |