British oil giant BP invests $20M in Israeli startup StoreDot
British energy company BP has announced that it is investing an amount of $20 million in Israeli startup StoreDot which is known in the battery world for its ‘ultra-fast charging battery.’
The announcement implies that StoreDot, which is already getting support from some big automobile companies, has secured another significant investment. In 2017, StoreDot had secured a substantial $60 million funding round led by prominent automaker Daimler.
The backing which StoreDot is getting from renowned companies is noteworthy, especially in the wake of the fact that it is difficult to ascertain the credibility of new battery technologies without hard data.
In announcing BP’s $20 million investment in StoreDot, David Gilmour -- BP Ventures’ Vice President of Business Development -- highlighted StoreDot’s “significant progress” in developing ultra-fast charging technology for mobile phones and vehicle applications. Gilmour said that BP will be a StoreDot investor and strategic partner, and will help the Israeli startup bring its technology “from the lab to the vehicle.”
Gilmour also stated that the technology to support electric vehicles (EVs) is showing a rapid advancement in recent times, and added: “BP Ventures is committed to identifying and investing in companies that we believe are at the cutting edge of this industry.”
According to the indications from a recently-leaked image, car manufacturer Vauxhall has confirmed the release date and design of a new electrified version of its popular Corsa hatchback.
According to a recent disclosure by 22Motors, one of the notable high-tech features of the company’s ‘Flow’ electric scooter will be a ‘pothole mapping and warning’ feature, which will enable riders to better avoid road potholes or to altogether a
In a move which will apparently enhance the overall appeal of the small Jaguar E-PACE 2018 SUV, the automaker has recently introduced some notable new updates to the vehicle.
At BMW’s recently-held annual press conference, company chairman Harald Krüger announced that a “number of pure-electric concept vehicles” will be unveiled by the automaker in 2018.
Japanese automaker Nissan has recently released the first photos of a dazzling new standalone streetlight which will be powered by old Leaf battery packs and solar modules.
In a disclosure which highlights BMW’s commitment to bring new ‘green’ vehicles to the market, the automaker has revealed that by the year 2025, it will offer 25 different models of battery-electric and plug-in hybrid vehicles across the globe.