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BP invests $20 million in batteries that can charge electric cars in five minutes



BP has invested $20 million in Israel's StoreDot, a start-up that claims its batteries can charge electrics cars in five minutes.

The oil giant said Tuesday that its venture capital arm BP Ventures was investing in the Tel Aviv-based firm as it looks to reduce greenhouse gas emissions in its operations.

"Ultra-fast charging is at the heart of BP's electrification strategy," Tufan Erginbilgic, chief executive of BP's downstream business, said in a statement on Tuesday. "StoreDot's technology shows real potential for car batteries that can charge in the same time it takes to fill a gas tank."

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Extreme Fast Charging - XFC technology

We’re innovating the battery chemistry to redefine the EV experience

StoreDot Ltd. - 3 Shenkar Street, Herzeliya, Israel 4672503 I  

Phone: +972.3.509.7710 I Email: info@store-dot.com

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