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- StoreDot
StoreDot Valuation, Funding & Investors
StoreDot is valued at $1.5B as of January 2022.
Last StoreDot valuation
$1.5B
Series D · Jan 2022
Last StoreDot funding round
$80M
Series D · Jan 2022
Cumulative funding StoreDot raised
$227M
across 7 funding rounds
Key investors in StoreDot
Samsung Ventures
Roman Abramovich
AltaIR Capital
JOINT JOURNEY
Cardumen Capital
Mercedes-Benz
About StoreDot
StoreDot is a Herzliya-headquartered battery innovator specializing in extreme fast-charging lithium-ion cells for electric vehicles and consumer electronics. Its silicon-dominant anodes enable 80% charge in five minutes at room temperature. The company licenses technology to partners like VinFast for automotive integration. Founded in 2012, StoreDot has demonstrated prototypes at CES and secured partnerships with TDK for mobile applications using organic compound electrodes.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Valuation
$1.5B (Jan 2022)
StoreDot Valuation
StoreDot is currently valued at $1.5B, based on its Series D in January 2022.
The $80M round was led by VinFast.
StoreDot's valuation has grown 3.0x from $500M at its Series C in August 2017 to $1.5B in January 2022, across 2 priced rounds.
StoreDot valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2022 | Series D | $1.5B |
| Aug 2017 | Series C | $500M |
StoreDot Funding History
StoreDot has raised a total of $227M across 7 funding rounds.
StoreDot's first fundraising round was a $6M Series A in June 2013. The most recent completed round was a $80M Series D in January 2022.
StoreDot funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2022 | Series D | VinFast (lead) | $80M | $1.5B | StoreDot is an Israeli battery technology company headquartered in Herzliya, specializing in extreme fast charging (XFC) batteries for electric vehicles, aiming to enable charging equivalent to 100 miles in 5 minutes and targeting mass production readiness by 2024. The company develops silicon-dominant XFC battery cells using proprietary chemistry, AI algorithms, and organic/inorganic compounds to address EV range anxiety. StoreDot partners with global automotive OEMs, energy firms, and manufacturers including VinFast, VinES (Vingroup), Daimler, Volvo, Polestar, Ola Electric, EVE Energy, TDK, BP Ventures, and Samsung Ventures. In January 2022, StoreDot raised up to $80 million in its Series D funding round led by VinFast, valuing the company at $1.5 billion post-money. The funds were intended to accelerate commercialization of XFC battery technology, complete R&D, scale engineering, and prepare for automotive integration and mass production. Volvo Cars Tech Fund joined in April 2022, and Ola Electric invested strategically in March 2022, granting StoreDot exclusive rights for battery manufacturing in India. Total funding raised across eight rounds reached approximately $190-226 million by early 2022. StoreDot demonstrated live XFC technology at EcoMotion Week 2022 and formed a joint development agreement with VinES in April 2023 to co-develop battery cells in various form factors, leveraging VinES's manufacturing and supply chain expertise. The company benefits from a broad ecosystem of strategic investors and partners across the EV battery value chain. Later developments included pursuits of public listing via SPAC merger, with pro forma valuations referenced in 2025 investor materials around $1.1 billion equity value. |
| Apr 2021 | Pre-seed | JOINT JOURNEY; Quonota Investments | $500K | - | - |
| May 2018 | Series C | BP (lead) | $20M | - | StoreDot is an Israel-based startup developing ultra-fast charging battery technology using chemically synthesized organic molecules for electric vehicles and mobile devices, claiming charge times as low as five minutes for EVs providing 300km range and 60 seconds for smartphones. In May 2018, BP Ventures invested $20 million in what sources describe as a Series C round to support global expansion, EV-focused development, and progression from lab to vehicle commercialization, following a $60 million round led by Daimler in 2017. BP highlighted StoreDot's progress in ultra-fast charging for both mobile and vehicle applications, positioning it as key to their electrification strategy. The company partners with automotive giants like Daimler and Samsung, aiming for mass production at its OneGiga facility by 2022. |
| Aug 2017 | Series C | Mercedes-Benz (lead); Samsung Ventures; AltaIR Capital; Roman Abramovich | $60M | $500M | StoreDot is an Israeli nanotechnology startup founded in 2012 that develops fast-charging battery technology for mobile devices, electric vehicles, and next-generation displays. The company's core innovation is FlashBattery technology, which uses chemically synthesized organic molecules combined with nanomaterials to enable charging of smartphones in 30 seconds and electric vehicles within 5 minutes, compared to traditional lithium-ion battery charging times. In September 2017, StoreDot completed a $60 million Series C funding round led by Daimler Trucks (the truck division of automotive manufacturer Daimler AG) with participation from Samsung Ventures, Norma Investments (representing billionaire Roman Abramovich), Lucion venture capital, and financial institutions from Israel and China. The round valued the company at $500 million post-money. At the time of the funding, StoreDot had not yet launched any commercial products; the company was in advanced stages of development with plans to commercialize battery systems for light-duty trucks by 2019 and mobile phone batteries in 2018. As part of the investment, Daimler and StoreDot established a strategic partnership to jointly develop and integrate fast-charging battery technology into Daimler's vehicle fleet, particularly focusing on electric trucks including the FUSO eCanter. The company's roadmap included establishing OneGiga, its own manufacturing facility, with mass production targeted for 2022. Prior to this round, StoreDot had raised approximately $108–126 million total, indicating strong investor confidence in the viability of its nanotechnology-based approach to rapid battery charging in the competitive EV space. |
| Aug 2015 | Series B | Samsung Ventures; Roman Abramovich; Norma Investment | $18M | - | StoreDot, an Israeli company developing fast-charging batteries, raised $18 million in August 2015 from existing investors Norma Investments Limited (representing Roman Abramovich) and Samsung Ventures. The funding supported the establishment of an electric vehicle unit, including building a fast-charging electric vehicle prototype, hiring new employees, and setting up new labs. At that time, StoreDot had raised a total of $66 million. |
| Oct 2014 | Series B | Millhouse | $42M | - | StoreDot announced a USD 42 million Series B round on 1 October 2014, in which Roman Abramovich's asset management company Millhouse LLC invested USD 10 million alongside unnamed strategic partners. Millhouse's money had actually gone in during May 2014 and was first reported by Globes on 12 June 2014, when the company described it as Millhouse's second Israeli investment. StoreDot had originally targeted USD 20 million for the round and had raised USD 6.25 million before it. The company said the proceeds would fund commercialisation of its fast-charging technology, with a production-ready prototype expected in the second half of 2016 and a market launch in early 2017, and it planned to open a US research and development centre closer to consumer electronics customers and Silicon Valley. StoreDot was founded in 2012 out of nanomaterials research at Tel Aviv University and is based in Herzliya; at the time it was demonstrating bio-organic nanocrystal batteries that could charge a smartphone in about 30 seconds, technology it later redirected to electric-vehicle cells. Its business model is to license cell chemistry and manufacturing processes to battery makers and carmakers rather than to build its own plants. |
| Jun 2013 | Series A | Samsung Ventures (lead); Igor Ryabenkiy; Cardumen Capital | $6M | - | StoreDot is an Israeli nanotechnology company developing fast-charging batteries using biological materials and nanostructured chemistry for applications in mobile devices and electric vehicles. The company completed its Series A funding round of $6 million in June 2013, led by Nation-E, with participation from investors including Stef Wertheimer and Genesis Angels (partners Yuval Rabin and Ehud Olmert). A strategic investor described as a leading global mobile and television display company, potentially Samsung, was also involved. The funds supported early-stage development of core IP in battery chemistry. StoreDot has since raised additional rounds, including $18 million in August 2015 led by Samsung Ventures and $60 million in September 2017 led by Daimler at a $500 million valuation. |
Who has invested in StoreDot?
12 investors have backed StoreDot across its funding rounds, including Samsung Ventures, Roman Abramovich, AltaIR Capital, JOINT JOURNEY, Cardumen Capital and Mercedes-Benz.
Lead investors include VinFast, BP, Mercedes-Benz and Samsung Ventures.
StoreDot Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jun 2013 | ||
| 2 | Participant | Aug 2015 | ||
| 1 | Lead | Aug 2017 | ||
| 1 | Lead | May 2018 | ||
| 1 | Participant | Jun 2013 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Lead | Jan 2022 | ||
| 1 | Participant | Aug 2017 | ||
| 1 | Participant | Oct 2014 | ||
| 1 | Participant | Aug 2015 | ||
This data is available for Pro users. Sign up to see all 12 StoreDot investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialStoreDot Competitors
StoreDot competitors include listed companies like Eos Energy Enterprises, Amprius, Ola Electric and T1 Energy, and private ones like Nyobolt and Phylion Battery.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $114M | ($930M) | $1.4B | 9.9x | ||
| Publicly listed | $72M | ($41M) | $1.4B | 10.9x | ||
| Publicly listed | $215M | ($97M) | $1.7B | 7.9x | ||
| Publicly listed | $755M | ($210M) | $1.3B | 2.2x | ||
| Private | $9M | - | $1B | - | ||
| Private | - | - | $726M | - |
StoreDot Public Comps
StoreDot is still privately-owned, but its public comps include Zhenghai Magnetic Material, Eos Energy Enterprises, FuelCell Energy, Amprius, Chengzhi, Elkem, ADI Global Distribution, 5N Plus, Hydrograph Clean Power and Graphite India.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1B | $78M | 1.2x | 0.9x | 15.7x | 16.4x | |||
| $114M | ($930M) | 21.8x | 9.9x | (2.7x) | (9.5x) | |||
| $158M | ($149M) | 6.3x | 6.7x | (6.7x) | (12.0x) | |||
| $72M | ($41M) | 18.4x | 10.9x | (32.1x) | 854.4x | |||
| $1.6B | $129M | 1.3x | 1.3x | 16.7x | - | |||
| $1.8B | $216M | 1.2x | 1.0x | 9.6x | 8.7x | |||
| $4.8B | ($54M) | 0.6x | - | (50.7x) | - | |||
| $391M | $93M | 4.3x | 3.7x | 18.3x | 16.5x | |||
This data is available for Pro users. Sign up to see all StoreDot competitors and their valuation data. Start Free Trial | ||||||||
Common questions about StoreDot
| When was StoreDot founded? | StoreDot was founded in 2012. |
| Where is StoreDot headquartered? | StoreDot is headquartered in Herzliya, Israel. |
| Is StoreDot publicly listed? | No, StoreDot is a private, VC-backed company. |
| What is StoreDot's valuation? | StoreDot was last valued at $1.5B in its Series D in January 2022. |
| How much funding has StoreDot raised? | StoreDot has raised $227M across 7 funding rounds. |
| What was StoreDot's last funding round? | StoreDot's last funding round was a $80M Series D in January 2022, led by VinFast. |
| Who are StoreDot's investors? | StoreDot's investors include Samsung Ventures, Roman Abramovich, Mercedes-Benz, BP, Igor Ryabenkiy, JOINT JOURNEY, VinFast, AltaIR Capital, Millhouse, Norma Investment and 2 others. |
| Which companies are comparable to StoreDot? | Companies comparable to StoreDot include Eos Energy Enterprises, Amprius, Ola Electric, T1 Energy, Nyobolt and Phylion Battery. |
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