StoreDot, an Israel-based startup that makes super fast-charging batteries built on bioorganic technology, has raised $60 million in a round of funding led by Daimler’s trucking division, with participation from Samsung Ventures, Norma Investments, and a number of “financial institutions” from Israel and China.
Founded out of Tel Aviv in 2012, StoreDot currently operates across three core business units focused on mobile devices, electric vehicles (EVs), and screen displays. The company first demoed its prototype battery technology way back in 2014, showing how it could one day be possible to charge your smartphone in around 30 seconds.
When we last caught up with StoreDot, in 2015, the company revealed that the EV industry was now firmly on its radar. Fast-forward another two years, and the company has already demonstrated a proof of concept that shows how its FlashBattery technology can fully charge a car in just five minutes.
StoreDot noted that its
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