Raison Asset Management has invested in StoreDot

International investment management firm Raison Asset Management has taken a stake in startup StoreDot. The company has become a minority shareholder in the startup, joining British Petroleum, Daimler AG, Samsung Ventures, and Roman Abramovich's Millhouse LLC.

The transaction took place on the secondary market, and the deal's size was not disclosed under the terms of the NDA. RB reported that StoreDot is an Israeli startup developing batteries for electric cars. By replacing graphite with metalloid nanoparticles, StoreDot claims its XFC battery can be fully charged in 5 minutes — a record time. The technology also increases battery life and safety.

Read the full text of the news on the website rb.ru.

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