StoreDot designs and manufactures extreme fast-charging (XFC) batteries that significantly reduce electric vehicle charging times while maintaining energy efficiency and performance stability. Its technology combines nanomaterials, AI-driven battery chemistry optimization, and advanced electrode engineering to deliver scalable, high-performance battery solutions.
What Is StoreDot and What Does It Do?
StoreDot, founded in 2012 in Herzliya, Israel, by Doron Myersdorf, Simon Litsyn, and Gil Rosenman, is a battery innovation company developing ultra-fast charging lithium-ion batteries for electric vehicles and advanced energy systems.
The company specializes in nanotechnology-based anode materials, high-density battery engineering, and fast-charge chemical architecture, enabling EVs to recharge significantly faster than traditional lithium-ion systems.
With a workforce of 51-200 employees, StoreDot partners with leading global automotive and mobility manufacturers, positioning itself as a core technology provider in the next generation of electric transportation.
How Much Funding Has StoreDot Raised?
1. Series D
- Amount Raised: $80M
- Date: January 2022
- Lead Investors: VinFast, BP Ventures
- Motivation: To accelerate commercialization of ultra-fast charging EV battery technology.
2. Series C
- Amount Raised: $20M
- Date: May 2018
- Lead Investors: BP Ventures
- Motivation: To support global expansion and EV-focused technological development.
3. Series C
- Amount Raised: $60M
- Date: September 2017
- Lead Investors: Mercedes-Benz, GlenRock Israel, Samsung Venture Investment, Roman Abramovich
- Motivation: To scale engineering teams and accelerate automotive integration programs.
4. Series C
- Amount Raised: $18M
- Date: August 2015
- Lead Investors: Samsung Venture Investment, Roman Abramovich, Singulariteam
- Motivation: To continue material science innovation and prototype development.
5. Series B
- Amount Raised: $42M
- Date: October 2014
- Lead Investors: Singulariteam, Roman Abramovich
- Motivation: To expand laboratory capabilities and strengthen product research.
6. Series A
- Amount Raised: $6M
- Date: June 2013
- Lead Investors: Nation-E
- Motivation: To develop early-stage nanostructured battery chemistry and core IP.
Total Funding Raised: $226 Million
Current Valuation: $1.5 Billion (as of Jan 2022)
Latest Funding Date: January, 2022
Key Investors
1. Mercedes-Benz
- Details: Global automotive manufacturer investing in next-generation EV and battery technology.
- Investment Focus Areas: Electric mobility, battery innovation, automotive engineering.
- Notable Investments: StoreDot, ProLogium, Automotive AI initiatives.
2. BP Ventures
- Details: Investment arm of BP supporting clean energy, electrification, and mobility technologies.
- Investment Focus Areas: Energy storage, EV charging, climate technology.
- Notable Investments: StoreDot, FreeWire, Fulcrum BioEnergy.
3. Samsung Venture Investment
- Details: Strategic venture fund backing deep-tech and semiconductor-aligned technologies.
- Investment Focus Areas: Electronics, battery innovation, materials science.
- Notable Investments: Graphcore, Verkor, StoreDot.
4. Roman Abramovich
- Details: Private investor backing high-technology and emerging innovation ventures.
- Investment Focus Areas: Technology, automotive innovation, energy transition.
- Notable Investments: StoreDot, Via Transportation.
5. VinFast
- Details: Vietnam-based electric vehicle manufacturer expanding global EV production.
- Investment Focus Areas: Electric vehicles, battery technology, mobility innovation.
- Notable Investments: StoreDot, Solid-state battery initiatives.
Where Is StoreDot’s Headquarters?
StoreDot is headquartered in Herzliya, Israel, a major technology and deep-science innovation hub that provides access to advanced materials research talent, EV ecosystem partnerships, and industrial R&D infrastructure, supporting the company’s battery engineering and commercialization programs.
What’s Next for StoreDot?
StoreDot is expected to advance toward commercial deployment of ultra-fast charging EV batteries, expand OEM partnerships, and scale production capabilities for automotive integration. Future priorities include manufacturing collaboration, energy density optimization, lifecycle enhancement, and automotive-grade performance validationto support large-scale EV adoption worldwide.
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