Polestar announced that it has made its first financial investment in another company - StoreDot, an Israel-based start-up engaged in the development of silicon-dominant extreme fast-charging batteries.
Becoming a shareholder in StoreDot is expected to unlock access to the technology of recharging enough energy in 5 minutes for 100 miles (160 km) of range (although the exact range replenishing speed depends on the battery size/car model and its average energy consumption).
