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.