Connect with us

Hi, what are you looking for?

Volvo C40 charging


StoreDot Gets Investment from Volvo Tech Fund

Volvo hopes its latest investment will help its electric cars charge up– in less than 5 minutes.

StoreDot asks you to imagine a future where a high-capacity battery that’s made from organic compounds can charge from nearly empty to nearly full in under 30 seconds. But, there’s a catch to this imagination game: StoreDot’s already made one.

I want to be clear— that organic battery that StoreDot promises will charge in just 30 seconds? It’s not for an EV, it’s for a cell phone. Still, that’s  apparently impressive enough for pique the interest of Volvo Cars’ tech fund. And, before you dismiss the buy-in as frivolous, consider that StoreDot also mad a li-ion battery for an electric scooter that can fully charge in less than 5 minutes, which is pretty impressive!

Volvo hopes that, by applying StoreDot’s most advanced, high-speed battery charging technology to its own cars, they’ll be able to offer more than 100 miles of driving range for every 5 minutes of charging time (if not more). According to StoreDot, the typical electric car on sale today does the same trick in just under 20 minutes, with the very best in class offerings clocking in at about 12 minutes of charge time for every 100 miles of driving range added.

storedot fast charging

Image courtesy StoreDot.

With its investment in StoreDot, Volvo Cars has secured access to any new EV tech that results from the company’s ongoing research. “We aim to be the fastest transformer in our industry and the Tech Fund plays a crucial role in establishing partnerships with future technology leaders,” says Alexander Petrofski, head of the Volvo Cars Tech Fund. “Our investment in StoreDot perfectly fits that mindset and their commitment to electrification and carbon-free mobility matches our own. We’re excited to make this a successful collaboration for both parties and work towards bringing this groundbreaking technology to the market.”

StoreDot’s pioneering battery development is centered around a unique silicon-dominant anode technology and related software integration– which translates roughly to, “we helped pay for it, so we get it first.”

The full cash value of Volvo Cars’ investment in the company was not disclosed.

Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

I've been involved in motorsports and tuning since 1997, and have been a part of the Important Media Network since 2008. You can find me here, working on my Volvo fansite, riding a motorcycle around Chicago, or chasing my kids around Oak Park.


#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.


Support our work today!

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports




Tesla News

EV Reviews

Home Efficiency

You May Also Like


There’s a lot we don’t know about Stellantis’ upcoming, all-electric Jeep that’s set to debut in 2023. We don’t know the specs, for example....


The UK auto market saw plugin electric vehicles take 16.7% share in July, down from 17.1% year on year. BEV share grew, but not...


US Companies General Motors, Ford, and Tesla Lag Behind Global Peers

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.