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Oil giant BP said its venture capital fund has invested $20 million
in Israeli company StoreDot.
StoreDot has developed a battery system that enables electric vehicle charging
in the same amount of time as a gas tank is full.
BP invested $20 million in an ultra-fast rechargeable battery company in Israel
BP Ventures said the investment is part of
a push to develop electric vehicle technology and infrastructure.
Tufan Erginbilgic, chief executive of BP Downstream, said: "Ultra-fast charging is at the heart of
the company's electrification strategy.
We are committed to being the preferred fuel supplier, no matter what kind of car
our customers drive.
”
Last September, StoreDot raised $60 million from Daimler, and before expanding into the automotive sector, the company developed an ultra-fast charger
for mobile phones.
StoreDot says its lithium-ion battery technology can fully charge
an electric car in five minutes.
，
Oil giant BP said its venture capital fund has invested $20 million
in Israeli company StoreDot.
StoreDot has developed a battery system that enables electric vehicle charging
in the same amount of time as a gas tank is full.
BP invested $20 million in an ultra-fast rechargeable battery company in Israel
BP invested $20 million in an ultra-fast rechargeable battery company in IsraelBP Ventures said the investment is part of
a push to develop electric vehicle technology and infrastructure.
Tufan Erginbilgic, chief executive of BP Downstream, said: "Ultra-fast charging is at the heart of
the company's electrification strategy.
We are committed to being the preferred fuel supplier, no matter what kind of car
our customers drive.
”
Last September, StoreDot raised $60 million from Daimler, and before expanding into the automotive sector, the company developed an ultra-fast charger
for mobile phones.
StoreDot says its lithium-ion battery technology can fully charge
an electric car in five minutes.
，
