About
StoreDot specializes in the development of extreme fast charging (XFC) battery technology for electric vehicles, aimed at reducing charging times to support broader EV adoption. The company employs proprietary organic and inorganic compounds enhanced by artificial intelligence algorithms to enable rapid charging capabilities. This technology allows for an EV to be charged in times comparable to refueling a conventional combustion engine vehicle.
Under its '100inX' roadmap, StoreDot plans to progressively decrease charging times: achieving 100 miles of range in 5 minutes by 2024, in 4 minutes by 2026, and in 3 minutes by 2028. Notably, in April 2024, StoreDot demonstrated a significant advancement with Polestar by successfully conducting a 10-minute charge using silicon-dominant battery cells.
StoreDot has formed strategic partnerships and received investments from several major industry players, including BP, Daimler, VinFast, Volvo Cars, Polestar, Ola Electric, Samsung, TDK, and EVE Energy, which collaborate on various aspects of battery development and production.
Funding history · 6 rounds · $200.0M total
Company Intelligence Q&A
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- What significant technical milestone did StoreDot achieve in April 2024?
- In April 2024, StoreDot, in collaboration with Polestar, successfully demonstrated a 10-minute charge of an electric vehicle using silicon-dominant battery cells.
- Which company led StoreDot's Series D funding round in January 2022?
- VinFast led StoreDot's Series D funding round in January 2022. Other investors included Volvo Cars Tech Fund, Ola Electric, Golden Energy Global Investment, BP Ventures, and Polestar.
- What is StoreDot's '100inX' roadmap for EV charging times?
- StoreDot's '100inX' roadmap aims to achieve 100 miles of range in 5 minutes by 2024, in 4 minutes by 2026, and in 3 minutes by 2028.
- When did StoreDot announce a strategic collaboration with Volvo Cars for next-generation EV cells?
- StoreDot signed a strategic collaboration with Volvo Cars to develop cells for next-generation EVs in September 2023.
- What was a notable operational development for StoreDot in January 2026?
- In January 2026, StoreDot pared its workforce ahead of a planned Nasdaq listing.
- What was the purpose of StoreDot's partnership with Flex|N|Gate in October 2023?
- In October 2023, StoreDot partnered with Flex|N|Gate to produce extreme fast charging battery cells.
- Which company invested in StoreDot's Series C round in May 2018?
- BP(UK) invested $20 million in StoreDot's Series C round in May 2018.
- What was the outcome of StoreDot's deal with Andretti Acquisition Corp. II in January 2026?
- In January 2026, StoreDot signed a deal with Andretti Acquisition Corp. II as funding markets tightened in the sector.
- What was the total amount raised by StoreDot as of its last reported funding round?
- StoreDot has raised a total of $200,000,000 USD as of its last reported funding round.