Investment and Strategic Partnership: Daimler Trucks teams up with innovation leader for electric charging StoreDot Ltd.

2017.9.14
  • Daimler AG’s Trucks division leads new financing round of Israeli nanotechnology materials pioneer StoreDot Ltd.
  • Daimler becomes a strategic partner to accelerate the adoption of FlashBattery technology to the Electric Vehicles market
  • FlashBattery technology enables charging any electric vehicle as quick as filling a tank of gas
  • Cooperation underlines Daimler Truck’s commitment to customercentric electric vehicles
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Stuttgart, Germany/Tel-Aviv, Israel – Daimler AG’s Trucks division is investing in the Israeli company StoreDot Ltd. as part of their financing round. A representative from Daimler will be appointed to StoreDot’s Board of Directors. The Tel Aviv-based company founded in 2012 is a nanotechnology materials pioneer and one of the leading companies for electric charging and energy-storage materials.

Complementing the investment, both partners have agreed to a strategic partnership that focuses on the field of fast battery charging. StoreDot’s FlashBattery technology enables charging any electric vehicle within minutes, as quickly as filling a tank of gas. Furthermore, FlashBattery’s high efficiency in recuperation is particularly interesting for commercial vehicles; better usage of braking energy increases the range and requires less frequent charging. This results, together with faster charging times, in higher vehicle usage. Both partners will jointly work on tailor-made, integrated technologies, with the future-generation FUSO eCanter as a possible example of application. The possibility of further joint projects, even beyond the Trucks division, is part of both companies’ future discussions.

Martin Daum, Member of Daimler’s Board of Management with responsibility for Daimler Trucks & Buses: “Electrification of trucks is of top priority at Daimler. Today’s global launch in New York City of the FUSO eCanter, the world’s first series-produced all-electric light-duty truck, provides impressive proof of our strive for bringing electric vehicles for everyday use to the market. Fast charging is an important topic especially for fleet owners of all Daimler Trucks brands. Together with StoreDot we will now jointly work on a holistic approach to fast charging.”

Dr. Doron Myersdorf, Co-Founder and CEO of StoreDot: “Having Daimler, a world leader in the automotive field, as a strategic partner is of significant value to StoreDot. It will accelerate the completion of our development process and the introduction of FlashBattery to the market. Together with Daimler teams, we create synergies that optimize the characteristics of our innovative solutions with the requirements of the electric vehicles of the future.”

Earlier this year, StoreDot demonstrated the viability of a concept for five-minute charging of vehicle batteries, showcasing how its new organic compounds combined with nanomaterials are implemented in the battery cell. StoreDot’s new batteries are currently in an advanced stage of development, and are expected to be integrated into electric vehicles that are now in their design phase.

To learn more, please follow this link:
https://www.youtube.com/watch?v=ZkMMxmPfWVA&feature=youtu.be

À propos de Mitsubishi Fuso

Ayant son siège social dans le comté de Logan au New Jersey, Mitsubishi Fuso Truck of America, Inc. (MFTA) est une filiale de Mitsubishi Fuso Truck of America, basée à Kawasaki, Japon, une partie intégrante de la division des camions Daimler de Daimler AG. En activité en Amérique du Nord depuis plus de 30 ans, MFTA se concentre sur la fabrication de camions offrant le coût total de possession le plus bas de leur catégorie. Ses camions diesel poids moyen et à cabine surélevée de classes 3 à 5 sont offerts par l’intermédiaire d’un réseau de plus de 200 concessionnaires partout aux États-Unis, au Canada, à Puerto Rico et à Guam. Mitsubishi Fuso a vendu plus de 100 000 camions à transmission manuelle, à quatre roues motrices et à cabine d’équipe en Amérique du Nord pour combler les besoins de transport pour une grande variété d’entreprises et d’industries, dont l’industrie des boissons et des traiteurs, pour la livraison de marchandises réfrigérées ou solides, pour la récupération de véhicules, le remorquage, la lutte antiparasitaire, la plomberie, la construction légère et l’aménagement paysager. Pour obtenir de plus amples renseignements, visitez le www.mitfuso.com, suivez FusoTruck sur Twitter, ou aimez FusoTruck sur Facebook.

About StoreDot

StoreDot Ltd. was founded in 2012 and is an innovation leader in materials and device applications, developing ground-breaking technologies based on a unique methodology for the design, synthesis and manufacturing of organic compounds. Designed to replace known technologies with enhanced chemical, electrical, and optical properties, StoreDot’s proprietary technology, inspired by nature, can be optimized for multiple industries, including fast-charging batteries in mobile devices, electric vehicles and for next-generation LCD displays.

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For more information:

Bryan C. Allen
Marketing Manager
Mitsubishi Fuso Truck of America, Inc.
856-467-3965
MFTA_Marketing@daimler.com

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