StoreDot, founded in 2012 and headquartered in Israel, is spearheading innovation in the Manufacturing, Energy Storage, and Automotive industries with its extreme fast charging (XFC) battery technology. Aimed at alleviating two key hurdles of electric vehicle (EV) adoption—range and charging anxiety—StoreDot has developed cutting-edge batteries that could redefine the EV charging landscape.
The company's '100inX' roadmap outlines an ambitious plan: by 2024, StoreDot's technology will enable 100 miles to be charged in 5 minutes, advancing to 3 minutes by 2028, and a rapid 2 minutes by 2032. Strategic collaborations with industry leaders like Daimler, BP, VinFast, Volvo, Polestar, Ola Electric, Samsung, TDK, and EVE Energy have bolstered StoreDot's credibility and reach.
Following a significant Corporate Round investment in May 2022, supported by Volvo Cars Tech Fund, Ola Electric, and Polestar, StoreDot continues to lead in pioneering battery solutions for the rapidly evolving EV market.