StoreDot

StoreDot is an Israeli lithium-ion battery company based in Herzliya. The company develops battery assemblies made of a lithium-ion battery and a fast charging component.[1]

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

StoreDot's fast-charging component can be fully charged in five minutes, and then it partially charges the lithium-ion battery at a conventional rate. Fully-charging the lithium-ion battery requires multiple charging cycles of the fast-charging component.[1] StoreDot batteries deliver about a third of the energy density compared to competing lithium batteries[2] and are estimated to cost twice that of competing lithium batteries.[1]

History

StoreDot was founded by CEO Doron Myerdorf and his partners in Tel Aviv in 2012.[3][4] StoreDot claims to offer a new, fast-charging battery technology that has a fast-charging component that can fully charge in five minutes, which then partially charges a standard lithium battery at the standard rate.[1]

In 2014, StoreDot introduced the prototype of a mobile phone battery that can be fully charged in 30 seconds.[5]

In 2017, Daimler and Samsung were part of a $60 million investment round in StoreDot.[6] The same year StoreDot was called the "most disruptive company in the world" by Disrupt100.[7] 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.[8]

In December 2018, StoreDot entered in mass production mode of its FlashBattery for consumer electronics with the Chinese manufacturer EVE Energy Co.[9] StoreDot lists BP Ventures, Daimler and Roman Abramovich as some of its investors.[3] StoreDot was BP's first investment in an Israeli company.[4] By February 2019, StoreDot had raised a total of $158 million from investors.[10] The company claims to be able to fully charge its EV battery in under ten minutes.[10]

References
  1. Introduction to StoreDot's flash battery – Fast Charging Technology, StoreDot, November 7, 2017, archived from the original on January 19, 2020
  2. Leo Kelion (January 7, 2015), CES 2015: The charger that boosts battery in seconds, BBC News
  3. Ben Gedalyahu, Dubi (May 22, 2018). "BP invests $20m in Israeli fast-battery co StoreDot". Globes. Retrieved June 2, 2018.
  4. 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.
  5. Marc Zaffagni (10 April 2014). "StoreDot : 30 secondes pour recharger la batterie d'un smartphone". Futura-sciences.com (in French). Retrieved 23 April 2019.
  6. Michaël Torregrossa (16 September 2017). "Batteries à charge ultra-rapide : Daimler investit dans StoreDot". Automobile-propre.com (in French). Retrieved 23 April 2019.
  7. 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.
  8. "The secrets of the StoreDot battery that wowed BP". Energystoragereport.info. 13 June 2018. Retrieved 23 April 2018.
  9. "StoreDot enters Mass Production of its Super-fast Batteries". Techtime.news. 2 December 2018. Retrieved 23 April 2019.
  10. 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.
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