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Volvo Cars Tech Fund makes StoreDot investment

Volvo Cars, through the Volvo Cars Tech Fund, has made a strategic investment in StoreDot, a specialist in extreme fast charging technologies for electric vehicles.

StoreDot is on track to begin mass producing its ‘100in5’ cells as early as 2024, achieving 100 miles of charge in just five minutes. The investment gives Volvo Cars the opportunity to collaborate closely with StoreDot on exciting new battery technology, as it aims to become a pure electric car company by 2030.
  
Volvo Cars was the first established car maker to commit to all-out electrification and aims to sell only pure electric cars by 2030. As early as 2025, the company is aiming for half of its global volume to consist of pure electric cars.
 

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