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§ Private Profile · Herzliya, Tel Aviv, Israel
StoreDot is a technology company.
StoreDot develops extreme-fast charging (XFC) battery technology for electric vehicles. Their core product focuses on creating batteries that recharge significantly faster, offering improved safety and greater sustainability compared to conventional alternatives. The company's technical approach integrates patented organic nanomaterials and sophisticated AI optimization, resulting in high-energy cells engineered for mass production and seamless integration into the EV ecosystem.
The company was founded in 2012 by Doron Myersdorf, Simon Litsyn, and Gil Rosenman. Doron Myersdorf, serving as CEO and co-founder, leveraged his prior extensive experience in flash memory and operations management from senior positions at companies like SanDisk and msystems. The founders recognized the pressing need for rapid charging solutions to overcome a key barrier to widespread electric vehicle adoption, forming the foundational insight for StoreDot.
StoreDot collaborates with leading manufacturers and infrastructure providers within the electric vehicle industry. Their overarching mission is to deliver "Range on Demand" and accelerate the shift towards an EV lifestyle by making battery charging as convenient as traditional refueling. The company envisions a future where its advanced battery solutions catalyze the mass adoption of electric vehicles globally.
StoreDot has raised $286.0M across 7 funding rounds.
StoreDot has raised $286.0M in total across 7 funding rounds.
StoreDot has raised $286.0M across 7 funding rounds. Most recently, it raised $80.0M Series D in January 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 11, 2022 | $80M Series D | Linh Pham | BP Ventures, LIU Jincheng | Announced |
| May 22, 2018 | $20M Venture Round | BP Ventures | — | Announced |
| Sep 14, 2017 | $60M Venture Round | Martin Daum | Roman Abramovic, Norma Investments, Samsung Ventures | Announced |
| Aug 1, 2017 | $60M Series C | — | Altair Capital Management | Announced |
| Aug 19, 2015 | $18M Venture Round | — | Norma Investments, Samsung Ventures, Singulariteam | Announced |
| Oct 1, 2014 | $42M Series B | Roman Abramovic | — | Announced |
| Jun 1, 2013 | $6M Series A | — | Altair Capital Management, Cardumen Capital | Announced |
StoreDot is an Israeli battery technology company specializing in silicon-dominant extreme fast charging (XFC) lithium-ion batteries for electric vehicles (EVs), enabling charges like 100 miles in 5 minutes to eliminate range and charging anxiety.[1][2][5] It serves global OEMs such as Polestar by providing production-ready cells that maintain performance in extreme conditions, like charging to 80% at -10°C and delivering 70-85% range at -20°C to +14°F, while offering longer life through AI-optimized chemistry.[2][4][5] The company solves key EV adoption barriers—slow charging and winter degradation—via bio-inspired nanoparticles replacing graphite anodes, with validated tech by seven OEMs and a path to commercialization.[4][5]
Pivotal growth includes 2024 milestones like EV pack demos and US expansion, 2025 OEM validations and Polestar 5 demo, and a December 2025 business combination with Andretti Acquisition Corp. II to accelerate XFC rollout as a Western alternative to Chinese batteries.[2][4]
Founded in 2012 by Doron Myersdorf, Simon Litsyn, and Gil Rosenman in Herzliya, Israel, StoreDot originated from Tel Aviv University research on peptide-based technologies discovered by Ehud Gazit.[1][3] It initially targeted peptide nanocrystals for mobile displays (20% more efficient, 90% cheaper than OLED) and data storage (3x faster than conventional memory), with prototypes in 2012 and commercialization plans for 2016 that didn't materialize.[1][3]
The company pivoted multiple times: to displays in 2015 (spun off to inactive MolecuLED by 2019), then fast-charging batteries for phones (30-second charge targeted for 2016), and finally silicon-dominant XFC EV batteries around 2016-2019, dropping unachieved germanium and drone targets.[1][3] Early traction built on nanotechnology insights, like nano-silicon structures for efficient charging, evolving into AI-driven R&D for EV scale-up.[1][5][6]
StoreDot stands out in EV batteries through:
These enable a refueling-like EV experience while being a geopolitically strategic Western tech.[4]
StoreDot rides the EV mass adoption wave, targeting the top consumer pain point—charging times longer than gas refueling—amid surging demand for 30-minute-or-less infrastructure.[2][4] Timing aligns with 2025+ regulatory pushes for faster charging, OEM needs for non-Chinese supply chains, and AI/materials advances enabling breakthroughs.[4][5][6]
Market forces favor it: EV sales growth despite "range anxiety," silicon anode hype, and Western derisking from China dominance (StoreDot validated as alternative).[4] It influences the ecosystem by partnering with cell makers (50/50 volume split), OEMs for integration, and via SPAC-like combo for funding/scale, accelerating XFC standardization and smaller-pack designs.[4][6]
StoreDot's 2025 OEM validations and Andretti merger position it for 2026 commercialization of 100-in-4 tech, with US production ramp and pack shipments driving revenue.[2][4] Trends like AI-battery optimization, silicon dominance, and sub-10-minute charging mandates will propel it, potentially capturing share in premium EVs from Polestar partners onward.[4][5]
Influence may evolve from innovator to supplier backbone, enabling ubiquitous XFC and reshaping EV UX—transforming "anxiety" to "advantage" as batteries match ICE convenience.[2][4] This builds on its pivot resilience, delivering where early promises fell short.
StoreDot has raised $286.0M in total across 7 funding rounds.
StoreDot's investors include Linh Pham, BP Ventures, Liu Jincheng, Martin Daum, Roman Abramovic, Norma Investments, Samsung Ventures, Altair Capital Management, Singulariteam, Cardumen Capital.