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StoreDot

Storedot plans US innovation hub as it prepares to mass produce fast charging technology

Fri, 11/05/2021 - 10:33 -- Paul Crompton

Fast battery charger firm Storedot is planning to build a US-based innovation hub to drive the development and mass production of solid-state battery technologies. 

The California facility will support Israel-based StoreDot's goal of mass producing its extreme fast charging (XFC) automotive battery technologies by 2024.

The firm will also begin research into next-generation extreme energy density (XED) solid-state capabilities and materials, with the aim of scaling-up the technologies for mass production by 2028. 

Dr Doron Myersdorf, StoreDot CEO, said: "Establishing a facility in California will allow us to harness the world-class talent pool that's available there, with many people and organisations at the forefront of next-generation advancements.

“We are also actively considering establishing a manufacturing partnership in the US, as it's essential that major automotive manufacturing centers have captive capacity, redressing the current imbalance in favour of Asian manufacturers and making batteries where electric vehicles are made."

StoreDot is in “advanced discussions” with automotive manufacturers and is shipping samples for real world testing. 

The company’s technology uses high electrochemical energy nano-particles as active material; organic binders, electrode additives, and electrolyte additives; and a formation process that enables stable solid electrolyte interphase (SEI) for preventing irreversible consumption of electrolyte and lithium ions.

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StoreDot creates VP of engineering role to fast track commercialisation of EV charger

Fri, 02/28/2020 - 12:21 -- Paul Crompton

Fast battery charger firm StoreDot has appointed Tzemah Kislev to the newly created role of vice president of engineering.

Kislev will lead StoreDot’s plan to bring the company’s ultra-fast charging technology for electric vehicles (EVs) to market as the Israel-based firm moves towards product commercialisation. 

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BP invests in batteries for China’s ‘new energy’ market

Thu, 08/16/2018 - 09:24 -- John Shepherd

Oil multinational BP is investing US$10 million in a fund aimed at powering the expansion of battery production and R&D for China’s new energy vehicle (NEV) industry.

The oil giant’s investment arm, BP Ventures, is investing in the NIO Capital US Dollar Fund to support work into “new materials including batteries, electric vehicles and related technologies, new energy infrastructure”.

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Fossil-fuel giants invest in battery storage

Thu, 05/31/2018 - 16:13 -- Xuan Zhong
Fossil-fuel giants invest in battery storage

Germany-based battery storage firm Sonnen and Israeli fast-charge developer StoreDot have secured cash boosts from the investment arms of two fossil fuel multinationals in separate deals.

Germany’s Sonnen has raised EUR60 million ($70.5m) in a financing round led by Shell Ventures— the private equity arm of oil and gas giant Shell.

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Daimler joins investors in fast-charge firm StoreDot

Wed, 09/20/2017 - 10:17 -- News Editor
Daimler joins investors in fast-charge firm StoreDot

Israeli start-up StoreDot has raised a further $60 million to support the scaling-up of its electric vehicle (EV) fast-charge FlashBattery technology in a third round of funding led by the truck division of Germany’s Daimler.

StoreDot has said previously it was in talks with European and Chinese car OEM’s about its technology.

 

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Funding could lead to five-minute EV re-charging

Thu, 09/03/2015 - 14:16 -- Paul Crompton
Funding could lead to five-minute EV re-charging

Israeli startup StoreDot has completed a round of funding which could help it scale-up its electric vehicle (EV) fast-charge FlashBattery technology.

The company aims to bring to market its Flashbattery technology after securing $18million funding for a new EV business unit.

Storedot will use an array of 7,000 FlashBattery cells, which it claims will be able to fully charge an EV in just five minutes.

The FlashBattery technology relies on "nanodots", comprised of bio-organic peptides, which form the basis of a multi-function electrode that allows for supercapacitor-like rapid charging, with a slow discharge more like a lithium-ion battery.

The concept includes lithium components in the cathode, but the secret to its recharge speed lays in modified anode and cathode and a proprietary electrolyte and separator, the company claims.

The technology could be see EVs reach the holy grail of for 300 miles (480 km) of driving in one charge, say the firm.

However, StoreDot founder and CEO Dr. Doron Myersdorf does not expect EV using the technology to hit the market until after 2020. The company is in talks with European and Chinese car OEMs.

The company's latest financing brings its total funding to-date to $66 million.

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