What is StoreDot?
StoreDot operates at the intersection of advanced materials science and automotive engineering. The company specializes in the design and synthesis of unique organic and inorganic compounds that fundamentally alter the performance of Li-ion batteries. By overcoming the persistent challenges of range anxiety and prolonged charging durations, StoreDot provides a scalable solution for mainstream EV adoption. Their technology roadmap includes both XFC Li-ion batteries for immediate market deployment and future-facing Solid State technologies designed for extreme energy-density (XED). This dual-track approach ensures that StoreDot remains at the forefront of battery innovation, catering to both current consumer demands and the long-term requirements of the automotive industry.
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 Singulariteam Ltd. and Millhouse Capital
Private Equity (2015): $18M featuring Singulariteam and Samsung Ventures
Private Equity (2017): $60M backed by Daimler and Samsung Ventures
Series C (2018): $20M with participation from BP
Series D (2022): $80M led by VinFast, BP Ventures, and Golden Energy Global Investment
Key Investors in StoreDot
BP
BP is a global oil and gas leader involved in exploration, refining, and marketing, with a significant strategic pivot toward renewable energy, including biofuels, hydrogen, and wind power.
Samsung Ventures
Samsung Ventures is a prominent venture capital firm that focuses on identifying and supporting high-growth technology companies through strategic investment and operational expertise.
Singulariteam
Singulariteam is a venture firm managed by successful technology entrepreneurs, emphasizing long-term partnerships and professional support for companies with high disruptive potential.
What's next for StoreDot?
With the support of its latest strategic financing, StoreDot is poised to scale its manufacturing capabilities and deepen its integration with global automotive OEMs. The company's focus remains on commercializing its XFC technology, which is essential for the mass-market viability of electric vehicles. As the industry shifts toward higher energy density and faster charging cycles, StoreDot's ability to leverage its existing partnerships with major energy and automotive conglomerates will be pivotal. Future growth will likely center on refining its XED solid-state roadmap, ensuring that the company maintains its competitive edge in a rapidly evolving energy storage landscape. Investors are closely monitoring the company's progress as it moves from pilot-scale production to full-scale industrial implementation.
See full StoreDot company page
