StoreDot

company

About

StoreDot is a startup that develops batteries to replace the lithium-ion components used on drones and electric cars.

  • 101 - 250

Details

Last Funding Type
Series D
Last Funding Money Raised
$60M
Industries
Advanced Materials,Automotive,Battery,Electric Vehicle
Founded date
Sep 1, 2012
Number Of Employee
101 - 250
Operating Status
Active

The extreme-fast charging battery pioneers StoreDot is a battery developer and materials innovation leader, developing ground-breaking battery technologies based on the design and synthesis of both organic and inorganic compounds. Replacing known materials and technologies with enhanced electro-chemical properties, StoreDot's proprietary compounds, combined with nano-materials, are optimized for Extreme Fast Charging - XFC of electric vehicles. Designed to replace known technologies by means of enhanced physical, chemical, electrical and optical properties, StoreDot’s technology, inspired by nature, can be optimized for multiple industries, including fast-charging batteries for mobile devices and electric vehicles. With a strong technological team of noted scientists and device engineering experts, StoreDot is positioned to reinvent the world of materials and devices as they know it.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$120M
StoreDot has raised a total of $120M in funding over 2 rounds. Their latest funding was raised on May 24, 2022 from a Corporate Round round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 24, 2022 Corporate Round 1 Polestar Detail
Jan 4, 2022 Series D $60M 1 Vinfast Detail
Aug 9, 2017 Series C $60M 1 Mercedes-Benz Group AG Detail

Investors

Number of Lead Investors
Number of Investors
3
3
StoreDot is funded by 3 investors. Polestar and Vinfast are the most recent investors.
Investor Name Lead Investor Funding Round
Polestar Yes Corporate Round
Vinfast Yes Series D
Mercedes-Benz Group AG Yes Series C