Electric vehicle maker Polestar is set to test fast charging silicon-dominant battery technology in their cars following a deal with StoreDot.
The strategic partnership follows an investment from the all-electric brand Polestar who will now investigate using StoreDot’s batteries for future Polestar cars.
Israel-based firm StoreDot aims to begin mass producing its ‘100in5’ technology— 100 miles of range with a five minute charge— as early as 2024, with the goal of reaching the same distance with a two-minute charge within a decade.
Meir Halberstam, StoreDot CFO said the investment would enable his firm to bring its batteries to market quicker, and boost its R&D capabilities.
The new funding comes as part of StoreDot’s Series D investment round.
Polestar is joining global investors and partners, including: Daimler, BP, VinFast, Volvo, Ola Electric, Samsung, TDK and EVE Energy.
StoreDot is working with “several” automotive manufacturers, and is shipping its ‘100in5’ cells to them for real-world testing.
Public battery demonstration
In May, StoreDot demonstrated its ability to charge a full-scale EV battery cell with the energy for 100 miles in just 5 minutes live on stage. A video of a live demo can be seen on StoreDot’s YouTube channel here: https://bit.ly/3ssMAki
The demo featured a 300×100 mm pouch cell produced at EVE Energy’s manufacturing plant in China.
The battery was charged under a 10-minute time limit, during which the cell charged to 20Ah, exceeding the 0% to 80% capacity target set for the demonstration.
The cell maintained a charge rate capable of adding 100 miles of range every 5 minutes of charging.
At no point did the battery temperature exceed 330C.
