Israeli startup StoreDot that makes 30 Seconds Battery Charging using bioorganic technology, has raised another $18 million to help fund a new electric vehicle business unit.
The company raised $32 million just a year ago to refine its core FlashBattery technology, which it says will be able to recharge a smartphone in just seconds. This time the money will go toward developing a prototype battery for electric cars, with the aim of creating what it called the “first-ever instantly charging car prototype” by 2020.
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It would cut the time for recharging a car from two to eight hours to just a few minutes, StoreDot claimed. Investors in the new round include Samsung Ventures, the venture-capital arm of the giant Korean company; Norma Investments, which is controlled by the Russian oligarch Roman Abramovich, and Moshe Hogeg’s Singulariteam VC fund.
StoreDot
– StoreDot has developed a battery
charger that can recharge a
smartphone in 30 seconds. –
Israeli start-up StoreDot announced
today that it has raised $32 million
in an investment led by Singulariteam,
Israel’s StoreDot has found a way to
improve technology while at the same time
making it more environmentally friendly.
The owner of London’s Premiere League
Chelsea FC, Roman Abramovich, More…
– Dr. Myersdorf, CEO and founder of StoreDot
unveiled a battery based on Nanotechnology
and made from bio-organic material that will
allow for a mobile phone to be charged in 30
seconds and a laptop in just More…
