Mercedes owner Daimler drives electric truck push with multi-million dollar investment in StoreDot

Daimler led a $60 million funding round for an Israeli start-up that produces fast charging batteries

  • StoreDot claims its FlashBattery technology can charge electric vehicles in five minutes

  • The start-up also said its batteries allow an electric vehicle to travel for more than 300 miles once fully charged

  • It is also developing its own battery storage factory called OneGiga

  • Mercedes-Benz owner Daimler has invested millions in an Israeli start-up whose battery technology can charge electric vehicles in a matter of minutes.Tel-Aviv-based StoreDot announced

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StoreDot: Bloomberg's BNEF Pioneer 2020 award winner