SEE ALSO: StoreDot’s Technology Charges A Smartphone In 30 Seconds!
StoreDot made international headlines when it initially announced its smartphone battery solution in 2012. The company developed its patented organic battery compound that charges five times more efficiently than regular electrolyte-powered battery. StoreDot’s solution is based on nano-technology, or “nano-tubes,” which can store and emit a large amount of energy in one go.
While StoreDot is on track to implement its smartphone technology in several models by the end of 2016, its development team is also racing to present a technology that can recharge electric cars (such as Tesla vehicles) in a mere five minutes. In that supersonic time frame, StoreDot says cars will be ready for a 300-mile drive.
NoCamels sat down with CEO Doron Myersdorf to hear about the company’s latest achievements.
Doron Myersdorf, CEO of StoreDot
Instant car charging
Currently in talks with automobile manufacturers, Myersdorf hopes to achieve partnerships with big names such as Ford, Nissan, and Audi – all of which already have electric models on the market. The price of a StoreDot battery for cars is expected to be set once StoreDot brings it to market in 2022.
$58 million in three years
Founded in 2012, StoreDot has raised $58 million in private rounds over the course of three years; approximately $10 million came from Russian billionaire Roman Abramovich.
Over the past year, the company has come far in development and strategic relationships with smartphone manufacturers in order to have its speedy, 30-second smartphone battery charger implemented in a range of phones.
Although Samsung is the only mobile phone manufacturer that has invested in StoreDot, Myersdorf tells NoCamels the company is currently “in talks with six of the largest smartphone manufacturers” regarding partnerships.