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StoreDot
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<h2 id="product-development">Product development</h2> <h3>Displays</h3> <p>StoreDot was founded in 2012 by Doron Myersdorf, Simon Litsyn, and Gil Rosenman, initially developing displays and storage devices based on research by <a href="/facts/Ehud_Gazit/50aJEt7Q">Ehud Gazit</a>. A year later its CEO, Myersdorf, said their peptide-based display technology is ready to be "packed and sold" and its related <a href="/facts/Intellectual_property/PqHW9mVP">intellectual property</a> could be sold for 300 million dollars.<a class="footnote-ref" id="fnref:8" href="#fn:8"><sup>8</sup></a><a class="footnote-ref" id="fnref:9" href="#fn:9"><sup>9</sup></a> The displays and storage devices were based on "peptide nanocrystals", and a prototype storage device was made in 2012 that is "three times faster than conventional memory."<a class="footnote-ref" id="fnref:10" href="#fn:10"><sup>10</sup></a> The company's CEO said the display technology is 20% more power-efficient and 90% less costly to manufacture than <a href="/facts/OLED/219L1aMJ">OLED</a>, and the displays were ready in 2015 for full-scale manufacturing using existing factories and manufacturing processes,<a class="footnote-ref" id="fnref:11" href="#fn:11"><sup>11</sup></a> and were to be commercialized by 2016.<a class="footnote-ref" id="fnref:12" href="#fn:12"><sup>12</sup></a><a class="footnote-ref" id="fnref:13" href="#fn:13"><sup>13</sup></a> By 2019 the display technology was spun off into its own company, MolecuLED. As of 2022, MolecuLED has no employees.<a class="footnote-ref" id="fnref:14" href="#fn:14"><sup>14</sup></a> </p> <h3>Organic compound peptide-based batteries</h3> <p>StoreDot reported in 2014 to have developed organic-compound peptide-based <a href="/facts/Smartphone/cSIrBMWG">smartphone</a> batteries capable of being fully charged within 30 seconds.<a class="footnote-ref" id="fnref:15" href="#fn:15"><sup>15</sup></a><a class="footnote-ref" id="fnref:16" href="#fn:16"><sup>16</sup></a> The company said its 30-second-charging organic-compound-based battery would be commercially available for smartphones by 2016.<a class="footnote-ref" id="fnref:17" href="#fn:17"><sup>17</sup></a><a class="footnote-ref" id="fnref:18" href="#fn:18"><sup>18</sup></a><a class="footnote-ref" id="fnref:19" href="#fn:19"><sup>19</sup></a> The company announced its 5-minutes-to-full-charge organic batteries will be available for 300-mile-range electric vehicles<a class="footnote-ref" id="fnref:20" href="#fn:20"><sup>20</sup></a> and <a href="/facts/UAV/qt87T19t">aerial drones</a><a class="footnote-ref" id="fnref:21" href="#fn:21"><sup>21</sup></a> by 2020. </p><p>The company acknowledged in 2015 that its claims regarding its organic batteries have not been scientifically peer-reviewed.<a class="footnote-ref" id="fnref:22" href="#fn:22"><sup>22</sup></a><a class="footnote-ref" id="fnref:23" href="#fn:23"><sup>23</sup></a> </p> <h3>Germanium batteries</h3> <p>The company was developing <a href="/facts/Germanium/wtoALHGs">germanium</a>-based batteries by 2017, citing <a href="/facts/Graphite/sSf3KMXr">graphite</a>-free batteries and an <a href="/facts/Electric_vehicle/jhCbx5ur">electric vehicle</a> battery that fully charges in five minutes, expecting "millions of cars" to be equipped with its electric vehicle battery by 2020.<a class="footnote-ref" id="fnref:24" href="#fn:24"><sup>24</sup></a><a class="footnote-ref" id="fnref:25" href="#fn:25"><sup>25</sup></a> The company announced in 2018 that its mobile phone battery would be commercially available by 2019, and that it had plans to build a battery factory in the United States by 2022.<a class="footnote-ref" id="fnref:26" href="#fn:26"><sup>26</sup></a> In 2019 it announced the commercialization of a 168-<a href="/facts/Electrochemical_cell/o7oEnYVl">cell</a> germanium-tin battery for <a href="/facts/Motorized_scooter/aDWLdj1p">electric scooters</a>, and stated that its mobile phone products would be commercially available in late 2020 and the scooter battery would be commercially available in 2021. The company's CEO said its electric car battery would have ten times as many cells as the scooter battery, charge fast enough to add 300 miles of range in under five minutes, and have a cooling system; and that its batteries did not degrade.<a class="footnote-ref" id="fnref:27" href="#fn:27"><sup>27</sup></a><a class="footnote-ref" id="fnref:28" href="#fn:28"><sup>28</sup></a> </p><p>A 2019 peer-reviewed study concluded that the company's claimed battery capabilities have no basis in published, peer-reviewed literature, and listed its unreleased products.<a class="footnote-ref" id="fnref:29" href="#fn:29"><sup>29</sup></a> Science journalist John Timmer could not identify in 2021 any published research about the company's germanium battery technology.<a class="footnote-ref" id="fnref:30" href="#fn:30"><sup>30</sup></a> </p> <h3>Silicon batteries</h3> <p>The company started promoting its <a href="/facts/Silicon/cgWx0hdr">silicon</a>-based batteries in 2019 and ceased development of its germanium-based batteries in 2020.<a class="footnote-ref" id="fnref:31" href="#fn:31"><sup>31</sup></a> The company sent germanium sample batteries to manufacturers in place of silicon sample batteries.<a class="footnote-ref" id="fnref:32" href="#fn:32"><sup>32</sup></a> The company's CEO said the germanium batteries were only developed as proof-of-concept, were only meant to be sold in small quantities, and that they were never released because they weren't sufficiently <a href="/facts/Product_differentiation/BGeUHFCL">differentiated</a> from the rest of the market.<a class="footnote-ref" id="fnref:33" href="#fn:33"><sup>33</sup></a> </p><p><a href="/facts/Lithium%25E2%2580%2593silicon_battery/Hfxj9WUz">Group14 Technologies</a> has developed silicon nanoparticles called SCC55 which allow lithium-silicon batteries to charge from 10% to 80% <a href="/facts/State_of_charge/NgCfW6HD">state-of-charge</a> in 10 minutes. StoreDot tested the material for use in their silicon batteries.<a class="footnote-ref" id="fnref:34" href="#fn:34"><sup>34</sup></a> As of 2023, the company is looking for suppliers capable of manufacturing thousands of tonnes of this material, which is critical for their business.<a class="footnote-ref" id="fnref:35" href="#fn:35"><sup>35</sup></a> The battery cells have a <a href="/facts/Sponge_(tool)/9L0FWBQD">sponge</a>-like carbon electrode imbued with silicon nanoparticles that react with the lithium ions, keeping the silicon's expansion within the carbon "sponge".<a class="footnote-ref" id="fnref:36" href="#fn:36"><sup>36</sup></a> </p><p>The company announced in November 2021 that it aims to achieve mass-manufacturing in 2024 of its silicon batteries, having <a href="/facts/Lithium-ion_battery/3L22xFhB">pouch-cell</a> samples produced by its manufacturing partner <a href="/facts/Electric_vehicle_industry_in_China/gCES0Tg3">EVE Energy</a> sent to be tested by global car makers.<a class="footnote-ref" id="fnref:37" href="#fn:37"><sup>37</sup></a> The company announced in 2023 that its batteries will be commercially available in <a href="/facts/VinFast/8J5Hz26m">VinFast</a> vehicles in 2025.<a class="footnote-ref" id="fnref:38" href="#fn:38"><sup>38</sup></a> StoreDot demonstrated its batteries in a prototype <a href="/facts/Polestar_5/s12I16Tz">Polestar 5</a> sedan in 2024, however the 2025 model will not debut with StoreDot batteries<a class="footnote-ref" id="fnref:39" href="#fn:39"><sup>39</sup></a> but with batteries developed and manufactured by <a href="/facts/SK_On/DGsf8oBL">SK On</a>.<a class="footnote-ref" id="fnref:40" href="#fn:40"><sup>40</sup></a> As of October 2024, StoreDot batteries are still in the testing phase and they have not been incorporated into any upcoming vehicle platforms.<a class="footnote-ref" id="fnref:41" href="#fn:41"><sup>41</sup></a> </p> <h4>Charge rate</h4> <p>The company's upcoming 2025 batteries are projected to have a peak charging rate of 350kW and a service life of 1000 fast-charging cycles.<a class="footnote-ref" id="fnref:42" href="#fn:42"><sup>42</sup></a> StoreDot announced their upcoming 2025 batteries charge at a rate that adds 100 miles in 5 minutes for a vehicle that uses 14kWh per 100 kilometers, which corresponds to a charging rate of 270kW. StoreDot is developing faster-charging cells that charge a 75kWh battery 70% in 10 minutes (from 10% to 80%) which corresponds to a charging rate of 315kW, which it aims to deliver in 2026.<a class="footnote-ref" id="fnref:43" href="#fn:43"><sup>43</sup></a> </p> <h2 id="financing-and-valuation">Financing and valuation</h2> <p>StoreDot raised over 6 million dollars in an initial investment round, and by the end of 2014 had raised another 42 million dollars.<a class="footnote-ref" id="fnref:44" href="#fn:44"><sup>44</sup></a> It raised another 62 million dollars by the end of 2017.<a class="footnote-ref" id="fnref:45" href="#fn:45"><sup>45</sup></a> The company was in negotiations in March 2021 for a <a href="/facts/Special-purpose_acquisition_company/RwctzNl7">SPAC</a> merger at a $3.5 billion valuation.<a class="footnote-ref" id="fnref:46" href="#fn:46"><sup>46</sup></a> A further funding round of 70-80 million dollars in 2022 gave it a $1.5 billion valuation.<a class="footnote-ref" id="fnref:47" href="#fn:47"><sup>47</sup></a><a class="footnote-ref" id="fnref:48" href="#fn:48"><sup>48</sup></a> The company plans as of 2023 to raise further capital in 2024 or 2025 in order to build up its silicon nanoparticles supply chain and secure dedicated manufacturing capacity for its batteries from existing manufacturers.<a class="footnote-ref" id="fnref:49" href="#fn:49"><sup>49</sup></a> </p> <h2 id="references">References</h2> <ol> <li id="fn:1"><p>Sagi Cohen (March 4, 2022), "מה קרה לסטורדוט הישראלית, שהבטיחה לשנות את העולם", TheMarkerSagi Cohen (March 13, 2022), "This Israeli Firm Promised to Reinvent the Battery. The World Is Still Waiting", Haaretz.com <a href="https://www.themarker.com/technation/.premium-MAGAZINE-1.10649523" target="_blank">https://www.themarker.com/technation/.premium-MAGAZINE-1.10649523</a> <a href="#fnref:1" class="footnote-back-ref">↩</a></p></li> <li id="fn:2"><p>Sagi Cohen (March 4, 2022), "מה קרה לסטורדוט הישראלית, שהבטיחה לשנות את העולם", TheMarkerSagi Cohen (March 13, 2022), "This Israeli Firm Promised to Reinvent the Battery. The World Is Still Waiting", Haaretz.com <a href="https://www.themarker.com/technation/.premium-MAGAZINE-1.10649523" target="_blank">https://www.themarker.com/technation/.premium-MAGAZINE-1.10649523</a> <a href="#fnref:2" class="footnote-back-ref">↩</a></p></li> <li id="fn:3"><p>Michelle Lewis (April 21, 2023), "StoreDot's ultrafast batteries will be installed in VinFast EVs in 2025", electrek <a href="https://electrek.co/2023/04/21/storedots-ultrafast-batteries-will-be-installed-in-vinfast-evs-in-2025/" target="_blank">https://electrek.co/2023/04/21/storedots-ultrafast-batteries-will-be-installed-in-vinfast-evs-in-2025/</a> <a href="#fnref:3" class="footnote-back-ref">↩</a></p></li> <li id="fn:4"><p>Front Lines Media (October 30, 2024), "Doron Myersdorf, CEO of StoreDot : $200 Million Raised to Power the Future of Electric Vehicles", YouTube, We haven't really identified the final [vehicle] platform that [the batteries] will go into, and this might be a 2025, 2026 platform. <a href="https://www.youtube.com/watch?v=7FOcrqFhIuk&t=17m12s" target="_blank">https://www.youtube.com/watch?v=7FOcrqFhIuk&t=17m12s</a> <a href="#fnref:4" class="footnote-back-ref">↩</a></p></li> <li id="fn:5"><p>Carla Westerheide (April 4, 2024), "StoreDot achieves 2,000 fast-charging cycles with XFC cells", Electdrive, PR Newswire.2025 charging rate: (14kWh/100km)×100mi/5min≈270kW2026 charging rate: 75kWh×70%/10min=315kW <a href="https://www.electrive.com/2024/04/04/storedot-achieves-2000-fast-charging-cycles-with-xfc-cells/" target="_blank">https://www.electrive.com/2024/04/04/storedot-achieves-2000-fast-charging-cycles-with-xfc-cells/</a> <a href="#fnref:5" class="footnote-back-ref">↩</a></p></li> <li id="fn:6"><p>The EV Report Podcast, "StoreDot Founder & CEO, Doron Myresdorf", YouTube, 15 minutes and 32 seconds into the video, and 25 minutes and 59 seconds into the video <a href="https://www.youtube.com/watch?v=R3EU5ZKgb_E" target="_blank">https://www.youtube.com/watch?v=R3EU5ZKgb_E</a> <a href="#fnref:6" class="footnote-back-ref">↩</a></p></li> <li id="fn:7"><p>Nikki Gordon-Bloomfield (April 24, 2023), "What's Behind StoreDot? We Find Out", YouTube, Transport Evolved, 10 minutes and 32 seconds <a href="https://www.youtube.com/watch?v=9_gGz88by9E&t=10m32s" target="_blank">https://www.youtube.com/watch?v=9_gGz88by9E&t=10m32s</a> <a href="#fnref:7" class="footnote-back-ref">↩</a></p></li> <li id="fn:8"><p>רועי גולדנברג (December 15, 2015), "עשרת הסטארט-אפים המבטיחים של "גלובס" לשנת 2015", Globes <a href="https://www.globes.co.il/news/article.aspx?did=1001074087" target="_blank">https://www.globes.co.il/news/article.aspx?did=1001074087</a> <a href="#fnref:8" class="footnote-back-ref">↩</a></p></li> <li id="fn:9"><p>שמוליק שלח (June 25, 2013), "מגמת אלקטרוניקה", Globes <a href="https://www.globes.co.il/news/article.aspx?did=1000857112" target="_blank">https://www.globes.co.il/news/article.aspx?did=1000857112</a> <a href="#fnref:9" class="footnote-back-ref">↩</a></p></li> <li id="fn:10"><p>Inbal Orpaz (October 1, 2014), "סטורדוט הישראלית גייסה 42 מ' ד' לפיתוח סוללה לסמארטפון שנטענת ב-30 שניות", TheMarker <a href="https://www.themarker.com/technation/1.2448507" target="_blank">https://www.themarker.com/technation/1.2448507</a> <a href="#fnref:10" class="footnote-back-ref">↩</a></p></li> <li id="fn:11"><p>Uri Eliabayev (July 2, 2015), "מהפכה במסכים: StoreDot הישראלית מציגה חסכון של 20% בצריכת חשמל ועלות הנמוכה ב-90%", Gadgety.co.il <a href="https://www.gadgety.co.il/133357/%D7%9E%D7%94%D7%A4%D7%9B%D7%94-%D7%91%D7%9E%D7%A1%D7%9B%D7%99%D7%9D-storedot-%D7%94%D7%99%D7%A9%D7%A8%D7%90%D7%9C%D7%99%D7%AA-%D7%9E%D7%A6%D7%99%D7%92%D7%94-%D7%97%D7%A1%D7%9B%D7%95%D7%9F-%D7%A9/" target="_blank">https://www.gadgety.co.il/133357/%D7%9E%D7%94%D7%A4%D7%9B%D7%94-%D7%91%D7%9E%D7%A1%D7%9B%D7%99%D7%9D-storedot-%D7%94%D7%99%D7%A9%D7%A8%D7%90%D7%9C%D7%99%D7%AA-%D7%9E%D7%A6%D7%99%D7%92%D7%94-%D7%97%D7%A1%D7%9B%D7%95%D7%9F-%D7%A9/</a> <a href="#fnref:11" class="footnote-back-ref">↩</a></p></li> <li id="fn:12"><p>Abigail Klein Leichman (July 20, 2015), "StoreDot brings vivid color to your screen, for less", Israel21c <a href="https://www.israel21c.org/vivid-color-coming-to-your-screen-for-less/" target="_blank">https://www.israel21c.org/vivid-color-coming-to-your-screen-for-less/</a> <a href="#fnref:12" class="footnote-back-ref">↩</a></p></li> <li id="fn:13"><p>David Shamah (July 2, 2015), "5-minute phone charging nano-tech creates better display, too", Times of Israel <a href="https://www.timesofisrael.com/5-minute-phone-charging-nano-tech-creates-better-display-too/" target="_blank">https://www.timesofisrael.com/5-minute-phone-charging-nano-tech-creates-better-display-too/</a> <a href="#fnref:13" class="footnote-back-ref">↩</a></p></li> <li id="fn:14"><p>Sagi Cohen (March 4, 2022), "מה קרה לסטורדוט הישראלית, שהבטיחה לשנות את העולם", TheMarkerSagi Cohen (March 13, 2022), "This Israeli Firm Promised to Reinvent the Battery. The World Is Still Waiting", Haaretz.com <a href="https://www.themarker.com/technation/.premium-MAGAZINE-1.10649523" target="_blank">https://www.themarker.com/technation/.premium-MAGAZINE-1.10649523</a> <a href="#fnref:14" class="footnote-back-ref">↩</a></p></li> <li id="fn:15"><p>Sagi Cohen (March 4, 2022), "מה קרה לסטורדוט הישראלית, שהבטיחה לשנות את העולם", TheMarkerSagi Cohen (March 13, 2022), "This Israeli Firm Promised to Reinvent the Battery. The World Is Still Waiting", Haaretz.com <a href="https://www.themarker.com/technation/.premium-MAGAZINE-1.10649523" target="_blank">https://www.themarker.com/technation/.premium-MAGAZINE-1.10649523</a> <a href="#fnref:15" class="footnote-back-ref">↩</a></p></li> <li id="fn:16"><p>Marc Zaffagni (April 10, 2014), "StoreDot: 30 secondes pour recharger la batterie d'un smartphone", Futura-sciences.com (in French), retrieved April 23, 2019 <a href="https://www.futura-sciences.com/tech/actualites/technologie-storedot-30-secondes-recharger-batterie-smartphone-53246/" target="_blank">https://www.futura-sciences.com/tech/actualites/technologie-storedot-30-secondes-recharger-batterie-smartphone-53246/</a> <a href="#fnref:16" class="footnote-back-ref">↩</a></p></li> <li id="fn:17"><p>Sagi Cohen (March 4, 2022), "מה קרה לסטורדוט הישראלית, שהבטיחה לשנות את העולם", TheMarkerSagi Cohen (March 13, 2022), "This Israeli Firm Promised to Reinvent the Battery. The World Is Still Waiting", Haaretz.com <a href="https://www.themarker.com/technation/.premium-MAGAZINE-1.10649523" target="_blank">https://www.themarker.com/technation/.premium-MAGAZINE-1.10649523</a> <a href="#fnref:17" class="footnote-back-ref">↩</a></p></li> <li id="fn:18"><p>Abigail Klein Leichman (July 20, 2015), "StoreDot brings vivid color to your screen, for less", Israel21c <a href="https://www.israel21c.org/vivid-color-coming-to-your-screen-for-less/" target="_blank">https://www.israel21c.org/vivid-color-coming-to-your-screen-for-less/</a> <a href="#fnref:18" class="footnote-back-ref">↩</a></p></li> <li id="fn:19"><p>David Shamah (July 2, 2015), "5-minute phone charging nano-tech creates better display, too", Times of Israel <a href="https://www.timesofisrael.com/5-minute-phone-charging-nano-tech-creates-better-display-too/" target="_blank">https://www.timesofisrael.com/5-minute-phone-charging-nano-tech-creates-better-display-too/</a> <a href="#fnref:19" class="footnote-back-ref">↩</a></p></li> <li id="fn:20"><p>Scott Collie (May 15, 2017), "StoreDot electric car battery can be filled in 5 minutes", New Atlas <a href="https://newatlas.com/storedot-flashbattery-quick-charging/49515/" target="_blank">https://newatlas.com/storedot-flashbattery-quick-charging/49515/</a> <a href="#fnref:20" class="footnote-back-ref">↩</a></p></li> <li id="fn:21"><p>Ben Coxworth (July 30, 2020), "New drone technology promises a 5-minute recharge", New Atlas <a href="https://newatlas.com/drones/storedot-flashbattery-five-minute-charging/" target="_blank">https://newatlas.com/drones/storedot-flashbattery-five-minute-charging/</a> <a href="#fnref:21" class="footnote-back-ref">↩</a></p></li> <li id="fn:22"><p>Leo Kelion (January 7, 2015), CES 2015: The charger that boosts battery in seconds, BBC News <a href="https://www.bbc.com/news/technology-30708945" target="_blank">https://www.bbc.com/news/technology-30708945</a> <a href="#fnref:22" class="footnote-back-ref">↩</a></p></li> <li id="fn:23"><p>Stephen Edelstein (January 8, 2015), "Israeli Firm Says It's A Year Away From Electric Car Battery That Charges In 3 Minutes", Motor Authority <a href="https://autos.yahoo.com/news/israeli-firm-says-away-electric-car-battery-charges-172007716.html" target="_blank">https://autos.yahoo.com/news/israeli-firm-says-away-electric-car-battery-charges-172007716.html</a> <a href="#fnref:23" class="footnote-back-ref">↩</a></p></li> <li id="fn:24"><p>Eliran Rubin (September 14, 2017), "מרצדס מובילה השקעה של 60 מיליון דולר בסטורדוט הישראלית", TheMarker <a href="https://www.themarker.com/technation/1.4444117" target="_blank">https://www.themarker.com/technation/1.4444117</a> <a href="#fnref:24" class="footnote-back-ref">↩</a></p></li> <li id="fn:25"><p>Sagi Cohen (March 4, 2022), "מה קרה לסטורדוט הישראלית, שהבטיחה לשנות את העולם", TheMarkerSagi Cohen (March 13, 2022), "This Israeli Firm Promised to Reinvent the Battery. The World Is Still Waiting", Haaretz.com <a href="https://www.themarker.com/technation/.premium-MAGAZINE-1.10649523" target="_blank">https://www.themarker.com/technation/.premium-MAGAZINE-1.10649523</a> <a href="#fnref:25" class="footnote-back-ref">↩</a></p></li> <li id="fn:26"><p>Sagi Cohen (March 4, 2022), "מה קרה לסטורדוט הישראלית, שהבטיחה לשנות את העולם", TheMarkerSagi Cohen (March 13, 2022), "This Israeli Firm Promised to Reinvent the Battery. The World Is Still Waiting", Haaretz.com <a href="https://www.themarker.com/technation/.premium-MAGAZINE-1.10649523" target="_blank">https://www.themarker.com/technation/.premium-MAGAZINE-1.10649523</a> <a href="#fnref:26" class="footnote-back-ref">↩</a></p></li> <li id="fn:27"><p>Ackerman, Gwen (June 11, 2019), "Electric Scooter Revs Up in Five Minutes with StoreDot Battery", Bloomberg, archived from the original on January 2, 2022 <a href="https://www.bloomberg.com/news/articles/2019-06-11/electric-scooter-revs-up-in-five-minutes-with-storedot-battery" target="_blank">https://www.bloomberg.com/news/articles/2019-06-11/electric-scooter-revs-up-in-five-minutes-with-storedot-battery</a> <a href="#fnref:27" class="footnote-back-ref">↩</a></p></li> <li id="fn:28"><p>Ryan Browne (June 12, 2019), "StoreDot and BP Charge an Electric Scooter in just Five Minutes", CNBC <a href="https://www.cnbc.com/2019/06/12/storedot-and-bp-charge-an-electric-scooter-in-just-five-minutes.html" target="_blank">https://www.cnbc.com/2019/06/12/storedot-and-bp-charge-an-electric-scooter-in-just-five-minutes.html</a> <a href="#fnref:28" class="footnote-back-ref">↩</a></p></li> <li id="fn:29"><p>Eftekhari A (November 2019). 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