Volvo Invests in StoreDot Fast-charging Tech

Volvo Invests in StoreDot Fast-charging Tech

Volvo Cars C40 Recharge - StoreDot EV Fast Charging

Picture a future where a battery made from organic compounds can charge from zero to nearly full in under 30 seconds. Now picture this: StoreDot already makes one.

Let’s be clear— that organic battery that StoreDot promises will charge in just 30 seconds isn’t for an EV. It’s for a cell phone. Still, that’s impressive enough for Volvo to want in. Want more? The company also makes a li-ion battery for an e-mobility scooter that charges fully in 5 minutes, which is also pretty impressive.

By applying StoreDot’s most advanced battery technology to EVs, Volvo Cars hopes to be able to offer more than 100 miles of driving range for just 5 minutes of charging time. The typical EV on sale today does the same trick in just under 20 minutes, with the very best in class offerings clocking in at about 12 minutes of charge time for every 100 miles of driving range added.

Image courtesy StoreDot.

With its investment in StoreDot, Volvo Cars has secured access to any new EV tech that results from the company’s ongoing research. “We aim to be the fastest transformer in our industry and the Tech Fund plays a crucial role in establishing partnerships with future technology leaders,” says Alexander Petrofski, head of the Volvo Cars Tech Fund. “Our investment in StoreDot perfectly fits that mindset and their commitment to electrification and carbon-free mobility matches our own. We’re excited to make this a successful collaboration for both parties and work towards bringing this groundbreaking technology to the market.”

StoreDot’s pioneering battery development is centered around a unique silicon-dominant anode technology and related software integration. The full cash value of Volvo Cars’ investment in the company was not disclosed.



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