StoreDot says its lithium ion-based battery technology enables ultra-fast charging for the mobile and industrial markets. Using this technology, StoreDot is also developing a new type of electric-car battery the company hopes will allow charging in the time it takes to refuel a traditional car; approximately five minutes. First sales of its flash batteries for mobile devices are expected as early as 2019.
According BP, “BP’s work on advanced mobility and developing fast and convenient EV charging networks, including venturing investments in both StoreDot and Freewire Technologies, supports customers who aim to reduce their emissions through EVs.”
"Working closely together with a global energy business leader is a significant milestone in StoreDot's direction of strengthening the EV ultra-fast charging eco-system. The combination of BP impressive presence and StoreDot's eco-system of EV partnerships enables faster implementation of ultra-fast charging stations and could allow a better charging experience for EV drivers, "stated Dr. Doron Myersdorf, Co-Founder and CEO of StoreDot.
David Gilmour, vice president, business development, BP Ventures, said, “The technology to support EVs is advancing rapidly and BP Ventures is committed to identifying and investing in companies that we believe are at the cutting edge of this industry. StoreDot has shown significant progress in the development of ultra-fast charging, both in mobile phone and vehicle applications. BP looks forward to working alongside them, as an investor and strategic partner, to bring their technology from the lab to the vehicle.”
