StoreDot

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StoreDot Ltd.
IndustryEnergy Industry
Founded2012; 9 years ago (2012)
Headquarters
Herzliya
,
Israel
Key people
Doron Myersdorf, Simon Litsyn, Gil Rosenman (founders)
Websitewww.store-dot.com

StoreDot is an Israeli lithium-ion battery company based in Herzliya. The company develops battery assemblies made of a lithium-ion battery and a fast charging component.[1]

StoreDot's fast-charging component can be fully charged in five minutes, and then it partially charges the lithium-ion battery at a conventional rate. Fully-charging the lithium-ion battery requires multiple charging cycles of the fast-charging component.[1] StoreDot batteries deliver about a third of the energy density compared to competing lithium batteries[2] and are estimated to cost twice that of competing lithium batteries.[1]

History[]

StoreDot was founded by CEO Doron Myersdorf and his partners in Tel Aviv in 2012.[3][4] StoreDot claims to offer a new, fast-charging battery technology that has a fast-charging component that can fully charge in five minutes, which then partially charges a standard lithium battery at the standard rate.[1]

In 2014, StoreDot introduced the prototype of a mobile phone battery that can be fully charged in 30 seconds.[5]

In 2017, Daimler and Samsung were part of a $60 million investment round in StoreDot.[6] The same year StoreDot was called the "most disruptive company in the world" by Disrupt100.[7] 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.[8]

In December 2018, StoreDot entered in mass production mode of its FlashBattery for consumer electronics with the Chinese manufacturer EVE Energy Co.[9] StoreDot lists BP Ventures, Daimler, Samsung, TDK, and Roman Abramovich among its investors.[3][10] StoreDot was BP's first investment in an Israeli company.[4] By February 2019, StoreDot had raised a total of $158 million from investors.[11] The company claims to be able to fully charge its EV battery in under ten minutes.[11]

In March 2021, StoreDot was reported to be in negotiations to merge with a SPAC at a $3.5 billion valuation.[12]

References[]

  1. ^ Jump up to: a b c d Introduction to StoreDot's flash battery – Fast Charging Technology, StoreDot, November 7, 2017, archived from the original on January 19, 2020
  2. ^ Leo Kelion (January 7, 2015), CES 2015: The charger that boosts battery in seconds, BBC News
  3. ^ Jump up to: a b Ben Gedalyahu, Dubi (May 22, 2018). "BP invests $20m in Israeli fast-battery co StoreDot". Globes. Retrieved June 2, 2018.
  4. ^ Jump up to: a b Solomon, Shoshana (May 22, 2018). "UK's BP unit invests $20m in Israel's fast battery charging startup StoreDot". The Times of Israel. Retrieved June 2, 2018.
  5. ^ Marc Zaffagni (10 April 2014). "StoreDot : 30 secondes pour recharger la batterie d'un smartphone". Futura-sciences.com (in French). Retrieved 23 April 2019.
  6. ^ Michaël Torregrossa (16 September 2017). "Batteries à charge ultra-rapide : Daimler investit dans StoreDot". Automobile-propre.com (in French). Retrieved 23 April 2019.
  7. ^ Barber, Lynsey (May 31, 2017). "These are the 100 most disruptive startups in the world (and a third are from the UK): Roman Abramovich-backed Storedot, AI chip maker Graphcore and cancer detection scientists at Grail top list". City A.M. Retrieved June 2, 2018.
  8. ^ "The secrets of the StoreDot battery that wowed BP". Energystoragereport.info. 13 June 2018. Retrieved 23 April 2018.
  9. ^ "StoreDot enters Mass Production of its Super-fast Batteries". Techtime.news. 2 December 2018. Retrieved 23 April 2019.
  10. ^ "Israeli 5-minute battery charge aims to fire up electric cars". ynetnews. 2021-03-07. Retrieved 2021-03-07.
  11. ^ Jump up to: a b Adi pick (24 February 2019). "Soon You Will be Able to Charge Your Car in Under 10 Minutes, Storedot COO Says". Calcalistech.com. Retrieved 23 April 2019.
  12. ^ Hazani, Golan (2021-03-16). "Fast-charging battery startup StoreDot closing on $3.5 billion SPAC merger". CTECH - www.calcalistech.com. Retrieved 2021-03-18.
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