EV battery technology / Fast-charging battery systems
Strategic Profile
StoreDot plans to license its technology to battery manufacturers rather than building its own factories, with batteries designed as a 'drop-in' solution compatible with existing lithium-ion production lines. The company works with at least 5 leading car manufacturers on customizing the technology and fitting it into manufacturer-specific cell dimensions.
Cyborg Score Rationale
As of February 2026, financial journalists estimated StoreDot has funding for only a few more months of operations, and the company stated in 2026 it needs two more years of development to commercialize its product. The planned SPAC merger at an $800M valuation was cancelled in 2026 after the company could not secure $30M in cash for its operations.
Top Insights
No StoreDot products have been commercially released as of February 2026, despite multiple prior target dates dating back to 2016.
The company announced workforce reductions on January 13, 2026, as part of a broader strategic restructuring initiative.
Strategic investors and partners include BP, Daimler, VinFast, Volvo Cars, Polestar, Ola Electric, Samsung, TDK, and manufacturing partner EVE Energy.
StoreDot has raised roughly $200 million to date after more than a decade of development.
Named Competitors
Battery products — Leading global battery manufacturer for EVs
EV batteries — Chinese EV and battery technology leader
LG Energy batteries — Global battery manufacturer for EVs
Samsung batteries — EV battery technology provider
SK battery solutions — Battery manufacturer for electric vehicles
Recent Developments
(June 2026) Scheduled SPAC merger with Andretti Acquisition Corp. II remains pending as funding crisis deepens
(January 2026) Announced workforce reductions and strategic restructuring amid funding shortfall
(January 2024) Achieved commercialization milestone by successfully manufacturing first prismatic XFC silicon-dominant battery cells
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