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StoreDot

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Herzliya, Tel Aviv, IsraelFounded 2012144+ employees$184.4M raisedPrivate
Last round: non equity assistance · May 2025(14 rounds total)
1 layoff event · Last: Jan 2026
Founded by Doron Myersdorf, Gil Rosenman, Simon Litsyn
Backed by(21 investors)
Google for StartupsVolvo Cars Tech FundOla ElectricPolestarVinfastRaison WealthBloombergNEFBPMercedes-Benz Group AGSamsung VenturesChernovetskyi Investment GroupVeligera CapitalJOINT JOURNEYQuonota InvestmentsAltaIR Capital

StoreDot is the pioneer and leader of extreme fast charging (XFC) batteries that overcome the critical barriers to mainstream EV adoption – range and charging anxiety. The company has revolutionized the conventional Li-ion battery by designing and synthesizing proprietary organic and inorganic compounds, optimized by Artificial Intelligence algorithms, making it possible to charge an EV in as little as five minutes – the same time it takes to refuel a conventional combustion engine car. Through its '100inX' product roadmap, StoreDot's battery technology is designed for best driver experience, offering ‘Range On DemandTM’: 100 miles charged in 5 minutes (2024), 100 miles charged in 3 minutes by 2028, and extreme energy density solution enabling 100 miles to be charged in 2 minutes by 2032. StoreDot's strategic investors and partners include Daimler, BP, VinFast, Volvo, Polestar, Ola Electric, Samsung, TDK and the manufacturing partner EVE Energy. In 2022, the company achieved a world first by demonstrating a live extreme fast charging of an EV battery cell. In April 2024 StoreDot and Polestar showcased the world's first 10-minute electric car charge with si-dominant cells.

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