Following the successful completion of series D funding round, StoreDot has started shipping its production ready battery cell samples in what it is describing as a significant step on the company’s roadmap to begin mass-producing its ‘100in5’ battery cells during 2024, and to deliver a step-change in global EV adoption. According to StoreDot its technology provides 100 miles of range in just 5 minutes consistently and without compromising the battery’s health.
Shipped in EV form factor, the 30Ah silicon-dominant anode, lithium-ion pouch cells are currently undergoing intensive real-world testing with strategic OEM partners and other automotive players.
Commenting Amir Tirosh, StoreDot’s Chief Business Officer, said, “Shipping the large form factor samples of our advanced ‘100in5’ battery technology to over a dozen of strategic partners and potential OEM customers across the globe is a historic moment for StoreDot.
“I am delighted that we have now commenced intensive, real-world testing with leading OEMs and am confident that our cells will exceed OEM expectations with respect to energy density and extreme fast charging. Current performance shows >900 consecutive extreme fast charging (10% to 80%) in just 10 minutes, with more than 300 Wh/kg.
“We are on track to exceed our commercialisation milestone of 1000 cycles this year. With the support and collaboration with key partners, StoreDot plans to begin mass production of our ‘100in5’ cells and provide 100 miles of range for 5 minutes of charging during 2024. Our journey will not end there, as we confidently continue with our strategic goal of providing 100 miles of range with just 3 minutes in 2028, and in 2 minutes of charging within a decade.”
StoreDot has already proven the effectiveness of its extreme fast charging – XFC – battery in public at a live demonstration in Oslo in June, at The International Electric Vehicle Symposium (EVS).
StoreDot is currently working on mass production readiness of its ‘100in5’ cells with its long-standing manufacturing partner, EVE Energy in China, in parallel to expanding its global manufacturing footprint in other geographies.
