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Polestar Invests in Extreme Fast-Charging Battery Company StoreDot

According to the StoreDot company, StoreDot technology has been designed and synthesized proprietary organic and inorganic compounds that enable a full EV charge in as little as five minutes.

Cindy Brauer
Cindy BrauerFormer Managing Editor
Read Cindy's Posts
May 26, 2022
Polestar Invests in Extreme Fast-Charging Battery Company StoreDot

Polestar plans to release one new electric vehicle per year for the next several years.

Polestar

1 min to read


Swedish electric vehicle manufacturer Polestar has made its first company investment in Israel-based extreme fast-charging battery technology producer StoreDot.

As part of the strategic deal, Polestar is collaborating with StoreDot to explore adapting and applying their technology to proof-of-concept Polestar cars. Test cases already underway include customizing StoreDot cell technology for Polestar cars to enable faster charging and improved circularity.

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If successful in testing, the new battery technology solutions could be implemented in Polestar cars by 2026, according to Polestar CEO Thomas Ingenlath.

Transforming conventional Lithium-ion batteries, the StoreDot technology has designed and synthesized proprietary organic and inorganic compounds that, optimized by artificial intelligence algorithms, enable a full EV charge in as little as five minutes – the same time it takes to refuel a conventional combustion engine car, according to the company.

Beginning this year, Polestar plans to launch one new electric vehicle per year, starting with Polestar 3 – the company’s first electric performance SUV. Polestar 4 is expected to follow in 2023, a smaller electric performance SUV coupe. The automaker’s currently offers two EVs: Polestar 1, a low-volume hybrid GT, and the Polestar 2, a fully electric high-volume car.

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