Only a year ago, StoreDot, an Israeli startup, shocked us when it showed how it could charge mobile phones in 30 seconds. The company now threatens to disrupt the electric car market with a fast charge that lasts only five minutes.
At Microsoft’s Think Next conference held in Tel Aviv this May, the company announced that exactly a year from now, it will present its ultra-fast charging technology, which will charge electric car batteries in five minutes. In order to make it happen, the company has developed a system composed of 7,000 cells, each of them capable of a fast charge. In comparison, five minutes of charging today will suffice for only 8 kilometers in a Tesla, Elon Musk’s electric car.
Since its launch in 2012, StoreDot has raised approximately $58 million. Among its investors are Samsung Ventures, Millhouse Capital, which belongs to billionaire Roman Abramovich, and Singulariteam’s team led by Moshe Hogeg. StoreDot was one of the winners of the 2014 Geek Awards.
StoreDot 5 Minute Car Charging:
CES 2015 Storedot turbo-boosts battery recharges: