Following the successful completion of series D funding round, StoreDot commences shipping its production ready battery cell samples to global Electric Vehicle OEMs. It represents another significant step on StoreDot's roadmap to begin mass-producing its '100in5' battery cells during 2024, and to deliver a step-change in global EV adoption. This technology provides 100 miles of range in just 5 minutes consistently and without compromising 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.
StoreDot has already proven the effectiveness of its extreme fast charging – XFC – battery in public during a highly attended live demonstration in Oslo in June, at The International Electric Vehicle Symposium (EVS), one of the key conferences for the EV industry. 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.