StoreDot
Extreme Fast-charging Electric Vehicle Batteries
StartupStoreDot is a Herzliya-based startup in the Energy Tech sector, established in 2012. Extreme Fast-charging Electric Vehicle Batteries. The company has raised a total of $200M across 7 funding rounds, currently at the D stage. StoreDot was founded by Doron Myersdorf, Gil Rosenman , Simon Litsyn. Key investors include VinFast, Volvo Cars Tech Fund, Ola Electric, among 17 total investors. The company has 51-200 employees. Core technologies: Materials & Substances, Nanomaterials, Composites, Polymers.
With $200M in total funding, StoreDot is a D-stage company operating in Energy Tech. The company follows a B2B business model. Product stage: R&D. The company holds 1 patent. StoreDot is identified as relevant to climate technology.
- StageD
- ProductR&D
- ModelB2B
- Employees51-200
- HQHerzliya
- DistrictCenter District
- Last Round$70M
- VinFastLead
- Volvo Cars Tech Fund
- Ola Electric
17 investors total
Doron MyersdorfCo-founder & CEOGil Rosenman Co-founder (Left the company)
Simon LitsynCo-founder (No longer with the company)
57 articles covered by sources including www.prnewswire.com,
www.electrive.com,
nocamels.com,
chiportal.co.il,
www.theengineer.co.uk.
What does StoreDot do?
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.
How much funding has StoreDot raised?
StoreDot has raised $200M in total funding across 7 rounds. The company is currently at the D stage. Key investors include VinFast, Volvo Cars Tech Fund, Ola Electric.
Who founded StoreDot?
StoreDot was founded in 2012 by Doron Myersdorf (Co-founder & CEO), Gil Rosenman (Co-founder (Left the company)), Simon Litsyn (Co-founder (No longer with the company)).
What sector is StoreDot in?
StoreDot operates in Climate Tech, Eco-Efficient Transportation & Logistics, Eco-Efficient Electric Vehicle Infrastructure & Platforms, Energy Transition, Eco-Efficient Energy Storage, Energy Tech, Energy Management & Grid Integration, Automotive & Mobility Technologies, Electric Mobility & Alternative Fuels, with core technologies in Materials & Substances, Nanomaterials, Composites, Polymers. Target customers: Industrial Manufacturing, Discrete Industries, Automotive.
Where is StoreDot located?
StoreDot is based in Arieh Shenkar Street 3, Herzliya, Israel, Center District.