StoreDot
Israeli battery maker StoreDot raises $80M Series D funding led by Vietnam EV manufacturer VinFast
StoreDot has announced the first close of its Series D funding round of up to $80 million led by flagship Vietnamese electric vehicle (EV) manufacturer VinFast. Other investors included StoreDot bp ventures, and Golden Energy Global Investment Ltd., a wholly owned company by EVE Energy’s Founder Liu Jincheng. The funds raised by this round will be used to…
Amid range and charging anxiety, the EV ecosystem will benefit from extreme fast charging
To be clear, multiple hurdles remain to be overcome, from building the requisite charging infrastructure to support EVs, improving battery technology to make them safer and hold more power, as well as the responsible disposal of batteries at the end of their lifespan. However, the number one barrier to mass adoption right now is range anxiety.
