StoreDot Receives Investment from Ola Electric
- StoreDot, a Herzeliya, Israel-based maker of extreme fast charging – XFC -technologies for electric vehicles, has secured a multi-million-dollar investment from Ola Electric
- The new funding comes as part of Store Dot’s Series D investment round
- Ola is joining a wide range of high-profile investors and partners in Store Dot – a roster that now includes Daimler, VinFast, BP, Samsung, TDK, and EVE Energy
- The company is a leader of extreme fast charging (XFC) batteries
- In 2020, the company demonstrated the scalability of its XFC batteries and is on target for Electric Vehicle battery production at scale by 2024
