Published On: Fri, Aug 21st, 2015

30 Seconds Battery Charging startup StoreDot raises another $18 million

Russian Billionaire Roman Abromivich Invets$10 Million in Israeli Startup StoreDot

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.

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.



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– 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,


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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…


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