Startup Launches Electric Car Battery With 5-Minute Charging Capability

Written by Valdemar Medeiros

Published on 20/01/2021 at 09:12

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Say Goodbye to Anxiety: Battery is Produced for Electric Cars by a Startup That Can Travel 160 Kilometers and Be Charged in Just Five Minutes

Electric car batteries that can fully charge in five minutes have been produced by a startup for the first time, marking a significant step toward making electric cars as quick to charge as refueling gasoline or diesel vehicles.

Startup Storedot Creates Revolutionary Battery

Electric cars are a vital part of the action to face the climate crisis, but running out of charge during a trip is a concern for drivers. The new lithium-ion batteries have been developed by the Israeli startup StoreDot and manufactured by Eve Energy in China on standard production lines.

The StoreDot has already demonstrated its “extremely fast charging” battery in phones, drones, and scooters, and the 1,000 batteries it has produced are now to showcase its technology to automakers and other companies. Daimler, BP, Samsung, and TDK have invested in StoreDot, which has raised US $130 million to date and was named a Bloomberg New Energy Finance Pioneer in 2020.

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05 Minutes of Charging

The batteries of the new electric cars developed by the Israeli startup can be fully charged in five minutes, but this would require much higher power chargers than those used today. Using the available charging infrastructure, StoreDot aims to provide 160 kilometers of range for a car battery in five minutes by 2025.

“The number one barrier to the adoption of electric cars is no longer cost, it’s range anxiety,” said Doron Myersdorf, CEO of StoreDot. “Either you fear getting stuck on the road or you’ll need to sit at a charging station for two hours. But if the driver’s experience is exactly like refueling [a gasoline car], all that anxiety goes away.”

“A five-minute lithium-ion battery was considered impossible,” he said. “But we are not launching a lab prototype; we are launching engineering samples from a mass production line. This demonstrates that it is viable and commercially ready.”

Startup Launches Electric Car Battery With 5-Minute Charging Capability

Say Goodbye to Anxiety: Battery is Produced for Electric Cars by a Startup That Can Travel 160 Kilometers and Be Charged in Just Five Minutes

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Startup Launches Electric Car Battery With 5-Minute Charging Capability

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