Volvo invests in extreme charging tech firm StoreDot
20 Apr 2022|157 views
Volvo Cars has announced that it is investing in StoreDot, an Israeli company developing extreme-fast charging battery technology for electric cars, through the Volvo Cars Tech Fund, its venture capital arm.
The Israeli firm is currently developing a unique silicon-dominant anode technology, which it states will offer extreme fast charging ability for electric cars. This goal is said to be aligned with Volvo Cars' ambition to develop electric cars with a longer range, quicker charging and lower costs.
StoreDot claims that its technology, once developed, should result in batteries that can charge up to 160km of electric range in just five minutes.
The collaboration between both Volvo and StoreDot will mainly take place within the battery technology joint venture that Volvo Cars established last year with Northvolt, the Swedish leading battery maker. Volvo Cars states that it has secured access to any resulting technology from the collaboration as a result of the investment. StoreDot meanwhile, will accelerate the time to market for its technology as a result of the investment, with mass production of its technology targeted for 2024.
The Israeli firm is currently developing a unique silicon-dominant anode technology, which it states will offer extreme fast charging ability for electric cars. This goal is said to be aligned with Volvo Cars' ambition to develop electric cars with a longer range, quicker charging and lower costs.
StoreDot claims that its technology, once developed, should result in batteries that can charge up to 160km of electric range in just five minutes.
The collaboration between both Volvo and StoreDot will mainly take place within the battery technology joint venture that Volvo Cars established last year with Northvolt, the Swedish leading battery maker. Volvo Cars states that it has secured access to any resulting technology from the collaboration as a result of the investment. StoreDot meanwhile, will accelerate the time to market for its technology as a result of the investment, with mass production of its technology targeted for 2024.
Volvo Cars has announced that it is investing in StoreDot, an Israeli company developing extreme-fast charging battery technology for electric cars, through the Volvo Cars Tech Fund, its venture capital arm.
The Israeli firm is currently developing a unique silicon-dominant anode technology, which it states will offer extreme fast charging ability for electric cars. This goal is said to be aligned with Volvo Cars' ambition to develop electric cars with a longer range, quicker charging and lower costs.
StoreDot claims that its technology, once developed, should result in batteries that can charge up to 160km of electric range in just five minutes.
The collaboration between both Volvo and StoreDot will mainly take place within the battery technology joint venture that Volvo Cars established last year with Northvolt, the Swedish leading battery maker. Volvo Cars states that it has secured access to any resulting technology from the collaboration as a result of the investment. StoreDot meanwhile, will accelerate the time to market for its technology as a result of the investment, with mass production of its technology targeted for 2024.
The Israeli firm is currently developing a unique silicon-dominant anode technology, which it states will offer extreme fast charging ability for electric cars. This goal is said to be aligned with Volvo Cars' ambition to develop electric cars with a longer range, quicker charging and lower costs.
StoreDot claims that its technology, once developed, should result in batteries that can charge up to 160km of electric range in just five minutes.
The collaboration between both Volvo and StoreDot will mainly take place within the battery technology joint venture that Volvo Cars established last year with Northvolt, the Swedish leading battery maker. Volvo Cars states that it has secured access to any resulting technology from the collaboration as a result of the investment. StoreDot meanwhile, will accelerate the time to market for its technology as a result of the investment, with mass production of its technology targeted for 2024.
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