15 Sep 2017

TechCrunch: StoreDot gets $60M on $500M valuation led by Daimler

As met on the March 2017 UK Israel Business Investment & Technology Delegation:

StoreDot, a startup out of Israel that is developing a new kind of quick-charging (five minutes or less) battery to replace the lithium-ion components largely in use today in phones, electric cars and other un-wired devices, has raised $60 million in funding led by carmaker Daimler with participation also from Samsung Ventures and Norma Investments, an investment firm linked to the Russian tycoon Roman Abramovich. Daimler and Samsung have been prolific investors in autonomous car and other transportation-related startups (Samsung just earlier today signalled a new fund for this purpose; Daimler announced a round in Via just last week.)

Read more here: https://techcrunch.com/2017/09/14/quick-charging-battery-startup-storedot-gets-60m-on-500m-valuation-led-by-daimler/