StoreDot is an Israeli technology company specializing in extreme-fast charging (XFC) battery solutions for electric vehicles (EVs). Founded in 2012 by Doron Myersdorf, Simon Litsyn, and Gil Rosenman, the company has developed innovative battery technology that enables charging times comparable to traditional fuel filling. StoreDot’s mission focuses on making energy accessible, safe, and efficient for drivers worldwide, supporting the transition to sustainable mobility. Through its advanced nanotechnology and proprietary compounds, StoreDot addresses one of the main barriers to EV adoption: charging speed and convenience.
Battery Technology
StoreDot’s primary innovation is its silicon-based extreme-fast charging technology, designed to charge electric vehicles in under 10 minutes. The company’s batteries incorporate silicon nanoparticles in their anodes, which maintain structural integrity during rapid charging cycles. This design significantly enhances charging speed without requiring specialized manufacturing equipment, making it compatible with existing lithium-ion production lines.
The company’s ‘100inX’ product strategy presents clear development targets: achieving 100 miles of range from a 5-minute charge by 2024, 4 minutes by 2026, and 3 minutes by 2028. StoreDot’s batteries combine organic and inorganic compounds, optimized through artificial intelligence, to maximize energy density and charging capabilities. The technology also includes advanced safety features and thermal management systems, ensuring reliable performance under various conditions.
Recent advancements include the successful production of large-format 165Ah prismatic cells and the development of silicon-dominant 4695 cylindrical cells, demonstrating the versatility and scalability of StoreDot’s technology.
Recent Projects
In early 2024, StoreDot achieved several significant milestones. The company successfully demonstrated its XFC technology with Polestar, charging a Polestar 5 from 10% to 80% in just 10 minutes. StoreDot also expanded its collaboration network, engaging with 15 leading car manufacturers, with six OEMs advancing to B-sample development stage. In January 2025, the company introduced industry-first silicon-dominant 4695 cylindrical EV battery cells, marking another advancement in fast-charging capabilities.
Investors
StoreDot has secured backing from prominent industry players. VinFast led the Series D funding round in 2022, while BP Ventures maintains an active partnership role. Other notable investors include Golden Energy Global Investment Ltd., Daimler, Volvo, Polestar, Ola Electric, Samsung Ventures, and TDK. The company also partners with EVE Energy for manufacturing support, ensuring efficient production capabilities for its XFC batteries.
Business Details
Location: Herzliya, Israel
Website: https://store-dot.com
LinkedIn: https://www.linkedin.com/company/2667427
