Pre-IPO StoreDot

Israeli company StoreDot develops extra-fast charging batteries that allow you to charge electric cars, drones and smartphones ten times faster. Medium risk. Expected return — 200%.

In 2014, a StoreDot battery recharged a smartphone in just 30 seconds. In January 2021, StoreDot released the first batch of batteries capable of recharging electric vehicles in just 5 minutes. The company has registered more than 100 patents and was named one of the 10 game-changing companies by Bloomberg New Energy Finance.

StoreDot product is in high demand at least in three major industries: electronics, avionics (aircraft electronic equipment), and electric vehicles production. Electric vehicles could replace 20% of the world's traditional vehicles by 2030. The growth of this market is directly dependent on the mass production of ultra-fast recharge batteries.

StoreDot has raised $158 million in 8 funding rounds. Its last round Series C in May 2018 valued the company at $400 million. British Petroleum, Daimler AG, Samsung Ventures, Singulariteam and Roman Abramovich's fund have invested in the company.

StoreDot’s OTC valuation is $600 million. According to Israeli edition Calcalist, StoreDot began merger talks with a SPAC at a valuation of $3.5 billion.