StoreDot

Company Overview

Snapshot

Founded in September 2012 by Doron Myersdorf, Gil Rosenman, and Simon Litsyn, StoreDot operates with 51–200 employees. The company has raised a total of $200M across 7 funding rounds from 17 investors.

Business overview

StoreDot specializes in developing extreme fast charging (XFC) battery technology for electric vehicles, aiming to significantly reduce charging times to accelerate EV adoption. The company leverages proprietary organic and inorganic compounds, enhanced by artificial intelligence algorithms, to achieve rapid charging capabilities that can rival the refueling time of conventional combustion engine vehicles. Its '100inX' roadmap outlines a progressive reduction in charging times, targeting 100 miles of range in 5 minutes by 2024, 4 minutes by 2026, and 3 minutes by 2028. StoreDot serves the automotive industry, focusing on electric vehicles and smart mobility sectors.

Strategic signal

In September 2024, StoreDot announced a significant advancement in its extreme fast charging technology, demonstrating 10-minute charging for large prismatic batteries. This development is crucial for accelerating EV adoption by addressing range and charging anxiety, signaling to investors a tangible progression towards commercial viability and market readiness for its XFC silicon battery technology.

Company Intelligence Q&A

What is StoreDot's core technology?

StoreDot develops extreme fast charging (XFC) battery technology for electric vehicles, utilizing proprietary organic and inorganic compounds enhanced by artificial intelligence algorithms to enable rapid charging capabilities.

What is StoreDot's '100inX' roadmap?

StoreDot's '100inX' roadmap outlines plans to progressively decrease EV charging times, aiming for 100 miles of range in 5 minutes by 2024, 4 minutes by 2026, and 3 minutes by 2028.

What strategic collaboration did StoreDot announce in September 2023?

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

What was a key development for StoreDot in September 2024?

In September 2024, StoreDot announced that its extreme fast charging (XFC) silicon battery technology achieved 10-minute charging for large prismatic batteries, accelerating EV adoption.