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Volvo Cars Tech Fund invests in battery technology pioneer StoreDot

20 April 2022
Volvo Cars aims to sell only pure electric cars by 2030

 

Volvo Cars has made an investment in StoreDot, an Israeli company developing extreme-fast-charging battery technology for electric cars. The investment has been made through the car maker’s Volvo Cars Tech Fund venture capital arm.

StoreDot is working on a technology that, according to the company, should result in batteries that can charge to 99 miles (160km) of pure electric range in just five minutes. The investment gives Volvo Cars the opportunity to collaborate closely with StoreDot...

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