StoreDot

StoreDot is an Israeli lithium-ion battery company based in Herzliya. The company develops batteries that, according to them, charge significantly faster than conventional li-ion batteries.

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

History

StoreDot was founded by CEO Doron Myerdorf and his partners in Tel Aviv in 2012.[1][2]

In 2014, StoreDot introduced the prototype of a mobile phone battery that fully charged in 30 seconds.[3]

In September 2017, Daimler and Samsung were part of a $60 million investment round in StoreDot.[4]

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.[5]

In December 2018, StoreDot entered in mass production mode of its FlashBattery for consumer electronics with the Chinese manufacturer EVE Energy Co.[6]

Description

StoreDot is an Israeli startup claiming to offer a new, highly-efficient battery technology. According to their founders, Storedot allows an electric car to charge in 5 minutes.[5] In February 2019, this time was readjusted to "5 to 10 minutes".[7]

StoreDot lists BP Ventures, Daimler and Roman Abramovich as some of its investors.[1] StoreDot was BP's first investment in an Israeli company.[2] By February 2019, StoreDot had raised a total of $158 million from investors.[7]

Prizes
  • 2017: Most disruptive company in the world by Disrupt100.[8]

References
  1. Ben Gedalyahu, Dubi (May 22, 2018). "BP invests $20m in Israeli fast-battery co StoreDot". Globes. Retrieved June 2, 2018.
  2. 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.
  3. Marc Zaffagni (10 April 2014). "StoreDot : 30 secondes pour recharger la batterie d'un smartphone". Futura-sciences.com (in French). Retrieved 23 April 2019.
  4. Michaël Torregrossa (16 September 2017). "Batteries à charge ultra-rapide  : Daimler investit dans StoreDot". Automobile-propre.com (in French). Retrieved 23 April 2019.
  5. "The secrets of the StoreDot battery that wowed BP". Energystoragereport.info. 13 June 2018. Retrieved 23 April 2018.
  6. "StoreDot enters Mass Production of its Super-fast Batteries". Techtime.news. 2 December 2018. Retrieved 23 April 2019.
  7. 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.
  8. 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.
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