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StoreDot
Israel
- Herzelya
- 04/01/2022
- Series D
- $80,000,000
StoreDot is the pioneer and leader of extreme fast charging (XFC) batteries that overcome the critical barriers to mainstream EV adoption – range and charging anxiety. The company has revolutionized the conventional Li-ion battery by designing and synthesizing proprietary organic and inorganic compounds, optimized by Artificial Intelligence algorithms, making it possible to charge an EV in as little as five minutes – the same time it takes to refuel a conventional combustion engine car.
Through its '100inX' product roadmap, StoreDot's battery technology is designed for best driver experience, offering ‘Range On DemandTM’: 100 miles charged in 5 minutes (2024), 100 miles charged in 3 minutes by 2028, and extreme energy density solution enabling 100 miles to be charged in 2 minutes by 2032. StoreDot's strategic investors and partners include Daimler, BP, VinFast, Volvo, Polestar, Ola Electric, Samsung, TDK and the manufacturing partner EVE Energy. In 2022, the company achieved a world first by demonstrating a live extreme fast charging of an EV battery cell. StoreDot is on target for mass production readiness by 2024.
- Industry Motor Vehicle Parts Manufacturing
- Website https://www.store-dot.com/
- LinkedIn https://www.linkedin.com/company/storedot/about/
Related People
Doron MyersdorfFounder
Israel -
ND
As the CEO of StoreDot, Doron brings vast experience in business and technology management to StoreDot. Prior to founding the company, he served as senior director of SanDisk SSD Business Unit (NASDAQ: SNDK), establishing and managing the division in Israel, building product strategy, marketing and business development, resulting in sales to leading laptop makers amounting to over $100M in revenue in under 3 years.
Previously, he was VP Flash and Operations of msystems, a flash memory global leader, where he managed strategic sourcing of $1B annually, resulting in annual revenue of over $1.5B. Doron’s diverse record also includes founder and CEO of InnerPresence, a Silicon Valley security software company, and co-founder and VP business development of Siftology, a pioneer in interactive media search.
Earlier, as Partner at Tefen – Semiconductor Operations Management, Doron managed US West Coast operations, in charge of the design and setup of over 40 semiconductor, pharmaceutical and biotech manufacturing facilities worldwide.
Doron holds PhD in R&D Management (1994), MSc in information systems (cum laude, 1991) and BSc in Industrial Engineering Management (cum laude, 1989) - all from the Technion – Israel Institute of Technology.
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