What is StoreDot?
StoreDot operates at the intersection of advanced materials science and automotive engineering. The company has pioneered a revolutionary approach to Li-ion battery architecture, utilizing proprietary organic and inorganic compounds to facilitate rapid energy transfer. This technological breakthrough is designed to address the primary barriers to mainstream EV adoption: charging duration and energy density. Beyond its current XFC Li-ion portfolio, the firm is actively developing Solid State technologies for extreme energy-density (XED) applications. With a robust intellectual property moat and strategic backing from global energy and automotive giants, StoreDot is effectively scaling its manufacturing capabilities to meet the rigorous demands of the next generation of electric mobility.
How much funding has StoreDot raised?
StoreDot has raised a total of $236M across 7 funding rounds:
Series A
$6M
Private Equity
$10M
Series B
$42M
Private Equity
$18M
Private Equity
$60M
Series C
$20M
Series D
$80M
Series A (2013): $6M, investors not publicly disclosed
Private Equity (2014): $10M led by Millhouse Capital Investment Group Inc.
Series B (2014): $42M supported by Millhouse Capital and Singulariteam Ltd.
Private Equity (2015): $18M featuring Singulariteam and Samsung Ventures
Private Equity (2017): $60M backed by Samsung Ventures and Daimler
Series C (2018): $20M with participation from BP
Series D (2022): $80M led by BP Ventures, VinFast, and Golden Energy Global Investment
Key Investors in StoreDot
BP Ventures
A specialized consulting and investment arm focused on facilitating ownership transitions and providing management support for businesses navigating critical growth phases.
Samsung Ventures
A venture capital and private equity firm that invests in innovative technology companies to foster long-term strategic partnerships and industrial synergy.
Singulariteam Ltd.
A technology-focused investment group managed by experienced entrepreneurs, emphasizing early-stage involvement and deep professional support for high-potential ventures.
What's next for StoreDot?
With the recent influx of capital, StoreDot is poised to transition from pilot-scale development to mass-market commercialization. The strategic focus will likely center on optimizing supply chain integration and scaling production facilities to support global automotive partnerships. As the industry shifts toward higher energy-density requirements, the company's roadmap includes the maturation of its Solid State battery program, which promises to redefine the performance benchmarks for long-range electric vehicles. Investors are closely monitoring the company's ability to maintain its competitive edge in charging speed while navigating the complex regulatory and manufacturing landscapes of the global EV market.
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