StoreDot Gets Investment from Volvo Cars Tech Fund

? It’s not for an EV, it’s for a cell phone. Still, that’s apparently impressive enough for pique the interest of Volvo Cars’ tech fund.

, they’ll be able to offer more than 100 miles of driving range for every 5 minutes of charging time . According to StoreDot, the typical electric car on sale today does the same trick in just under 20 minutes, with the very best in class offerings clocking in at about 12 minutes of charge time for every 100 miles of driving range added.With its investment in StoreDot, Volvo Cars has secured access to any new EV tech that results from the company’s ongoing research.

StoreDot’s pioneering battery development is centered around a unique silicon-dominant anode technology and related software integration– which translates roughly to, “we helped pay for it, so we get it first.”

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