StoreDot Stock

store-dot.comEnergy / Energy StorageFounded: 2012Funding to Date: $80MM

StoreDot is the developer of electric batteries that are inspired by nature and based on patented organic and inorganic compounds built to replace lithium-ion batteries. This company was founded by Dr. Doron Myersdorf, Prof. Simon Litsyn, and Prof. Gil Rosenman in 2012 and is headquartered in Herzeliya, Israel. StoreDot's charging EV batteries leverage nanotechnology that is augmented by organic molecules and optimized by Artificial Intelligence.

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Management Team

David Lee
Chief Strategy Officer
Doron Myersdorf
Co-Founder & Chief Executive Officer
Amir Tirosh
Chief Business Officer
Daniel Aronov
Chief Technology Officer
Meir Halberstam
Chief Financial Officer

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News Highlights

Rumors are swirling about a new Tesla battery that could give its cars 100 miles of charge in just 5 minutes
Tesla is reportedly exploring "extreme fast charging" technology developed by Israeli startup StoreDot, which could potentially charge its electric vehicles for 100 miles of driving in just five minutes. However, the source of this information is not cited, and Tesla has not confirmed the rumor.
StoreDot’s new fast charge solution
StoreDot, a pioneer in extreme fast charging batteries, is working on a solution to reduce range and charge anxiety for electric vehicle (EV) users. The company has developed a new battery that can be charged in under ten minutes using AI algorithms and organic and inorganic compounds. StoreDot has partnered with VinES, an energy solution provider, to introduce extreme fast charge battery solutions for the green mobility market, including VinFast's EVs.
Tesla Explores StoreDot Tech, Mexico Gigafactory Start Date Said To Slide
Tesla is reportedly exploring StoreDot's XFC battery technology, which uses nanomaterials and organic compounds to enable rapid charging without compromising battery capacity. Meanwhile, the start date for Tesla's Mexico Gigafactory, which is expected to produce 2 million cars annually, is said to be delayed until 2025. The factory is also expected to be twice the original size, with a projected investment of $10 billion.
Updated on: Sep 24, 2023