StoreDot

Company Overview

Snapshot

Founded in November 2025 by Doron Myersdorf, Gil Rosenman, and Simon Litsyn, StoreDot operates with 1–10 employees. The company has raised $200 million across 7 funding rounds from 17 investors. In January 2022, StoreDot secured funding from VinFast and Volvo Cars Tech Fund, among others, to advance its extreme fast-charging battery technology.

Business overview

StoreDot is an Israeli battery technology startup specializing in extreme fast-charging (XFC) lithium-ion batteries for electric vehicles and advanced mobility platforms. The company's core technology leverages silicon-dominant cell chemistry, proprietary organic and inorganic compounds, and AI-optimized formulations to develop EV batteries capable of delivering 100 miles of range in approximately five minutes, with ambitions for even shorter charge times. StoreDot focuses on pack-level design, cell-to-pack architectures, and compatibility with existing manufacturing lines, supporting OEMs in scaling next-generation EV platforms. It commercializes its technology through strategic manufacturing and licensing partnerships with leading global battery and automotive players, operating within the Energy Tech sector.

Strategic signal

In September 2023, StoreDot signed a strategic collaboration with Volvo Cars to develop cells for next-generation EVs. This partnership signals strong market validation for StoreDot's extreme fast-charging technology and indicates its increasing integration into the future product roadmaps of major automotive manufacturers, accelerating the adoption of its solutions in the electric vehicle industry.

Company Intelligence Q&A

What is StoreDot's core technology?

StoreDot develops extreme fast-charging (XFC) lithium-ion batteries for electric vehicles, utilizing silicon-dominant cell chemistry and AI-optimized formulations to achieve rapid charging times.

When did StoreDot begin shipping EV battery cell samples?

In September 2022, StoreDot began shipping EV battery cell samples to global car makers for testing, demonstrating the capability to deliver 100 miles of range in five minutes of charging.

Which automotive company did StoreDot partner with in September 2023?

In September 2023, StoreDot signed a strategic collaboration with Volvo Cars to develop cells for next-generation electric vehicles.

Did StoreDot receive any grants?

In December 2020, StoreDot received a grant from the BIRD Foundation to support its research and development efforts in extreme fast-charging technology.

When did StoreDot open its new US headquarters?

In March 2024, StoreDot opened its new US headquarters in California, expanding its global presence and operational capabilities.