Herzliya, Israel – StoreDot, the pioneer of extreme fast charging batteries for electric vehicles, has commenced shipping EV cell samples of its ‘100in5’ battery technology to strategic electric vehicle OEM partners and potential customers.
Following the successful completion of series D funding round, StoreDot commences shipping its production-ready battery cell samples to global Electric Vehicle OEMs. It represents another significant step on StoreDot’s roadmap to begin mass-producing its ‘100in5’ battery cells during 2024, and to deliver a step-change in global EV adoption. This technology provides 100 miles of range in just 5 minutes consistently and without compromising battery’s health.
Shipped in EV form factor, the 30Ah silicon-dominant anode, lithium-ion pouch cells are currently undergoing intensive real-world testing with strategic OEM partners and other automotive players.
Amir Tirosh, StoreDot Chief Business Officer stated – “Shipping the large form factor samples of our advanced ‘100in5’ battery technology to over a dozen of strategic partners and potential OEM customers across the globe is a truly historic moment for StoreDot. It is the culmination of ten years of intense research and development and demonstrates our strong determination to push the known boundaries of battery technology to accelerate mass EV adoption and eliminate range and charging anxiety.”
“I am delighted that we have now commenced intensive, real-world testing with leading OEMs and am confident that our cells will exceed OEM expectations with respect to energy density and extreme fast charging. Current performance shows >900 consecutive extreme fast charging (10% to 80%) in just 10 minutes, with more than 300 Wh/kg. We are on track to exceed our commercialization milestone of 1000 cycles this year. With the support and collaboration with key partners, StoreDot plans to begin mass production of our ‘100in5’ cells and provide 100 miles of range for 5 minutes of charging during 2024. Our journey will not end there, as we confidently continue with our strategic goal of providing 100 miles of range with just 3 minutes in 2028, and in 2 minutes of charging within a decade.”
StoreDot has already proven the effectiveness of its extreme fast charging – XFC – battery in public during a highly attended live demonstration in Oslo in June, at The International Electric Vehicle Symposium (EVS), one of the key conferences for the EV industry. StoreDot is currently working on mass production readiness of its ‘100in5’ cells with its long-standing manufacturing partner, EVE Energy in China, in parallel to expanding its global manufacturing footprint in other geographies.