EV Engineering News

Battery developer StoreDot raises $80 million in Series D funding

Israeli battery developer StoreDot has raised up to $80 million in a Series D funding round that included Vingroup, bp ventures and Golden Energy. It will use the funding on research and development as well as mass production of its Extreme Fast Charging (XFC) battery cells by 2024.

According to StoreDot, its research and development efforts will be geared toward its silicon XFC cells, its Extreme Energy Density solid-state cells, and its California-based research and development center. The company also says the funding will help it scale up to mass production of its XFC cells by 2024.

Source: StoreDot

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