StoreDot is a developer of lithium-ion (Li-ion) batteries for electric vehicles founded in 2012 by Doron Myersdorf, Simon Litsyn, and Gil Rosenman. It is based in Herzliya, Israel. StoreDot was valued $1.5 billion after a $70 million funding round in 2022. The company reported to have developed a battery for mobile phones based on organic compounds that fully charges in 30 seconds, a scooter battery based on germanium that fully charges in under five minutes, and a silicon-based electric vehicle battery that charges fast enough to add 300 miles of range in under five minutes. The claims have not been scientifically peer-reviewed, and none of the batteries were ever commercially released. The company reported in 2022 it is developing three silicon-based fast-charging electric car batteries.
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