StoreDot


StoreDot is an Israeli lithium-ion battery company based in Herzliya. The company develops batteries that, according to them, charge significantly faster than conventional li-ion batteries.

History

StoreDot was founded by CEO Doron Myerdorf and his partners in Tel Aviv in 2012.
In 2014, StoreDot introduced the prototype of a mobile phone battery that fully charged in 30 seconds.
In September 2017, Daimler and Samsung were part of a $60 million investment round in StoreDot.
In June 2018, BP invested $20 million in StoreDot while the startup was still planning to launch its first product the following year, targeting the mobile phone and other consumer electronics markets.
In December 2018, StoreDot entered in mass production mode of its FlashBattery for consumer electronics with the Chinese manufacturer EVE Energy Co.

Description

StoreDot is an Israeli startup claiming to offer a new, highly-efficient battery technology. According to their founders, Storedot allows an electric car to charge in 5 minutes. In February 2019, this time was readjusted to "5 to 10 minutes".
StoreDot lists BP Ventures, Daimler and Roman Abramovich as some of its investors. StoreDot was BP's first investment in an Israeli company. By February 2019, StoreDot had raised a total of $158 million from investors.

Prizes