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Manufacturer of lithium-ion batteries
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About the company
StoreDot is a startup that develops batteries to replace the lithium-ion components which can charge an electric vehicle in 5 minutes.
Valuation
$1.2B
Country
Israel
Founded
2012
Lead investors
British Petroleum
Daimler AG
Samsung Ventures
Business highlights
1
StoreDot XFC batteries are intended for production on existing lithium-ion production lines, unlike the competition. Switching to the production of StoreDot XFC batteries does not require high capital investment for new equipment.
2
In 2019, StoreDot in cooperation with BP Plc have presented a scooter charger that could provide power for 70 km in just 5 minutes.
3
In July 2020, the company proved its ability to scale technology to other industries. With a help of XFC, it was possible to fully charge a commercial drone in 5 minutes, while average batteries powering from 60–90 minutes.
Funding rounds
Management
CEO
Doron Myersdorf
CFO
Meir Halberstam
CTO
Daniel Aronov
Offering details
No share is too expensive. Start with only a fraction to build a balanced venture portfolio. Minimum investments – 0.1 share.
Deal terms
Open an account to get access to the share price
Documents
Fund Manager License
Fund License
Investment Management Agreement
Private Placement Memorandum