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InsideEVs
InsideEVs
Technology
Mark Kane

YOU WONT BELIEVE: Volvo makes investment in storedot | Mind Blowing Facts

StoreDot Volvo Volvo Cars Eve Northvolt

Volvo Cars, through its venture capital arm - Volvo Cars Tech Fund - has made an investment in StoreDot, an Israeli company developing extreme-fast charging battery technology.

StoreDot is working on silicon dominant lithium-ion cells, which are promised to offer a very high charging rate - replenishing of 100 miles (160 km) of range should take just 5 minutes. This new tech, called "100in5," is expected to reach "mass production" by 2024.

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