Volvo invests in StoreDot for faster charging


aria-label="volvo storedot electric car battery"

Volvo and StoreDot collaboration could see longer range, quicker charging and lower costs for electric cars.

Volvo has anmounced it is investing in StoreDot, an Israeli company developing fast-charging battery technology for electric cars.

StoreDot has previously said it is working on technology that could result in batteries that can charge up to 160km of pure electric range in five minutes. The partnership could mean StoreDot’s technology could hit the public roads in Polestar and Volvo models by 2024.

aria-label="volvo electric car battery"

Head of Volvo Cars Tech Fund, Alexander Petrofski, said “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 charging claim would make it the fastest charging battery in a car to date. StoreDot says that it has successfully produced 1000 cells and mounted them in devices such as mobile phones, drones and a pure-electric moped. The five-minute recharge time of the scooter was also showcased in 2019 with a live demonstration.

aria-label="287384 volvo c40 recharge fjord blue"

To make the technology work in an electric car would require much higher-powered vehicle chargers than those currently in use today. However, StoreDot is yet to announce what output these new chargers would require to charge its new battery effectively.

Volvo’s joint venture with StoreDot comes four months after the Volvo announced its collaboration with Northvolt for a £2.5 billion (AUD$3.65bn) electric car battery research and development facility.

Alastair Crooks

Toyota 222D – the Group S Rally Car

This 560kW rallying MR2 could have seen Toyota conquer the stages, but instead fate intervened

Further Reading

2025 Audi A5 revealed as A4 replacement; A4 to become an E-Tron model only

The switch to odd-numbered badging for Audi’s ICE cars sees the A4 become the Audi A5, introducing a sleeker shape in the process