Volvo invests in electric car battery developer StoreDot

StoreDot collaboration could see longer range, quicker charging and lower costs for Volvo and Polestar EVs

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 99 miles 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. 

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 1,000 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.

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 Swedish firm announced its collaboration with Northvolt for a £2.5 billion electric car battery research and development facility.

Now click here for our review of the new, pure-electric Volvo C40 Recharge

Senior news reporter

A keen petrol-head, Alastair Crooks has a degree in journalism and worked as a car salesman for a variety of manufacturers before joining Auto Express in Spring 2019 as a Content Editor. Now, as our senior news reporter, his daily duties involve tracking down the latest news and writing reviews.

Recommended

Geely and NIO agreement could see battery swapping tech on Volvo, Polestar and Lotus cars
Volvo EX30 - front action
News

Geely and NIO agreement could see battery swapping tech on Volvo, Polestar and Lotus cars

The Chinese giant behind Volvo, Polestar and Lotus will join forces with NIO on battery tech
30 Nov 2023
Best new cars coming in 2024
Best new cars coming in 2024 - header image
Best cars & vans

Best new cars coming in 2024

There are some big new models from the likes of Audi, BMW, Citroen, Ford, MINI, Skoda and more on the way in 2024
20 Nov 2023
‘Volvo has to work hard to maintain its reputation as a maker of the safest cars on the planet’
Volvo - opinion
Opinion

‘Volvo has to work hard to maintain its reputation as a maker of the safest cars on the planet’

Mike Rutherford thinks it’s hard work keeping an enviable reputation intact, especially with new brands snapping hard at your heels
19 Nov 2023
New Volvo EM90: all-electric business class MPV revealed in full 
Volvo EM90
News

New Volvo EM90: all-electric business class MPV revealed in full 

Volvo has finally unveiled the new EM90, an upmarket people carrier that may or may not come to the UK
12 Nov 2023

Most Popular

‘Forget leasing a car, a cut-price van should be your next everyday vehicle’
Opinion - Fiat Scudo
Opinion

‘Forget leasing a car, a cut-price van should be your next everyday vehicle’

With some huge savings to be had, Mike Rutherford thinks a van could be the perfect vehicle
3 Dec 2023
Deal of the Day: Spacious Skoda Superb is a peerless estate for £223 a month
Skoda Superb Estate - front tracking
News

Deal of the Day: Spacious Skoda Superb is a peerless estate for £223 a month

The Superb is one of our favourite estates and our Deal of the Day for Monday 4 December
4 Dec 2023
New Renault 5: price, specs, launch and on sale dates
Renault 5 EV concept at 2022 Goodwood Festival of Speed
News

New Renault 5: price, specs, launch and on sale dates

Renault’s reborn Renault 5 will start from €25,000 in Europe, suggesting a circa-£30k price in the UK. It's due on sale in the summer of 2024. Here's …
1 Dec 2023