Venture investments in alternative energy

The UN released another major report on climate change, with a key takeaway that unless humanity drastically reduces coal, oil, and gas use in the coming years, the environmental consequences will be catastrophic.

Moving away from fossil fuels is a reality we must accept and speed up the transition to renewable energy.

To battle climate change, governments of the United States, the European Union, China, and other countries have adopted policies to limit carbon dioxide emissions.

One of the most significant issues is the replacement of vehicles (buses, heavy trucks, etc.) with internal combustion engines for electric ones.

In August 2021, US President Joe Biden signed a decree that half of the cars sold in the US should be electric by 2030.

Source: Reuters

Although the decree is advisory, it was supported by many. In a joint statement, General Motors and Ford Motors promised to increase the share of electric vehicles to 40–50% by 2030; Hyundai and Nissan pursue the same goal. Audi intends to stop selling cars with internal combustion engines by 2033 completely. Some manufacturers rely solely on electric vehicles, such as Tesla or LiAuto.

Green venture

There are also a lot of startups developing technologies in the field of renewable energy. The global VC investment in EV startups topped $17.8 billion in 2021, surpassing the previous year's total of $10.6 billion.

Raison app users had a chance to invest in StoreDot — a manufacturer of lithium-ion batteries.

Recently, StoreDot produced a prototype of the world's first 10-minute rechargeable cylindrical lithium-ion battery. It has a form factor of 4680, that is, a diameter of 46 mm and a height of 80 mm — in September last year, a battery with the same form factor was presented by Tesla.

According to unofficial data, the 4680 Tesla battery prototype charges in at least 15 minutes, while StoreDot claims 10 minutes. It isn't easy to compare since both companies have not yet started mass production of products.

Tesla was set to roll out its first production line this year, but its launch appears to be delayed. StoreDot intends to begin mass production of 4,680 batteries at its Chinese partner EVE Energy factories in 2024.

The 4680 form factor cylindrical battery is more powerful and energy-efficient while being safer and cheaper to manufacture. According to StoreDot, batteries of this particular form factor are currently the most interesting for electric car manufacturers. The company announced that it is "at an advanced stage of negotiations" about partnerships with many EV market players.

What we did, was to radically alter the conventional battery chemistry with these novel nanostructures, called nano-dots, the very ones that still “dot” our name to this very day....We have since received numerous accolades and forged a broad partnership with industry leaders, who have joined our journey in developing extreme fast charging and extreme energy density solutions that are designed to take humanity to a zero-emissions world."

Doron Myersdo

CEO & Co-Founder of StoreDot

Besides cylindrical batteries, StoreDot is not backing out on plans to produce pouch cell batteries by 2024. The main element will also be silicon: for the exact manufacturing cost, StoreDot XFC (StoreDot Extreme Fast Charging) technology will reduce battery charging time by 50%.

Invest in Green

StoreDot is currently available to invest in Raison Marketplace – support the Greetechs' mission to bring humanity closer o a zero-emission electrified future!