StoreDot
Company

Last deal

Amount

Corporate Round

Stage

24.05.2022

Date

15

all rounds

$190.4M

Total amount

General

About Company
StoreDot is a startup that develops batteries to replace lithium-ion components in drones and electric cars.

Industry

Sector :

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Also Known As

StoreDot

founded date

01.09.2012

Number of employees

Company Type

For Profit

Last funding type

Corporate Round

IPO status

Private

Description

StoreDot is a battery developer and materials innovation leader that creates batteries for electric vehicles by combining nano-structural material with organic and inorganic compounds and proprietary electrolytes to offer optimized batteries for electric vehicles. With its "100inX" product roadmap, StoreDot's battery technology is designed for the best driver experience, offering "Range On DemandTM": 100 miles charged in 5 minutes (2024), 100 miles charged in 3 minutes by 2028, and extreme energy density solution enabling 100 miles to be charged in 2 minutes by 2032. StoreDot's strategic investors and partners include Daimler, BP, VinFast, Volvo, Polestar, Ola Electric, Samsung, TDK, and the manufacturing partner EVE Energy. The company has revolutionized the conventional Li-ion battery by designing and synthesizing proprietary organic and inorganic compounds, optimized by Artificial Intelligence algorithms, making it possible to charge an EV in as little as five minutes – the same time it takes to refuel a conventional combustion engine car.
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