StoreDot develops innovative batteries — they allow charging electric cars, drones, smartphones and other electronics ten times faster.In 2014, the battery from StoreDot charged the smartphone in 30 seconds. In January 2021, the company released a batch of batteries for electric cars — they charge in 5 minutes. StoreDot has registered more than 100 patents and is among the top ten companies "changing the rules of the game", according to Bloomberg 
New Energy Finance.

The company's products can be used in three industries at once: electronics, avionics (onboard electronic systems) and electric transport. It is expected that by 2030, electric vehicles will replace about 20% of conventional transport — the growth of this market directly depends on the appearance of fast-charging batteries.

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<span style="color:#253256"><div class="p-company-content-block__title">Funding History</div></span></span></span></p>
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Over 8 investment rounds, the company raised $158 million. The last round of Series C was held in May 2018 at an estimated $400 million. Investors include British Petroleum, Daimler AG, Samsung Ventures, Singulariteam and the Roman Abramovich Foundation.
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<span style="color:#253256"><div class="p-company-content-block__title">Market size</div></span></span></span></p>
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A large rapidly growing market – the market of batteries for electric vehicles is estimated at $23 billion. $ and
is projected to reach $84 billion by 2025. The market for consumer products and consumer electronics is estimated at $7.5 billion.

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<span style="color:#253256"><div class="p-company-content-block__title">Profitability forecast</div></span></span></span></p>
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Since 2017 year valuation of StoreDot increase 3.4X from $440 Millions to $1.5 Billions. Average 68% by one year. Also, based on the unique technology and absence competitors of the company, we can expect a possible profitability of 100-200% within 1-3 years.  




StoreDot

BP Ventures