StoreDot eyes Daimler in $60m round

Sep 18, 2017 • Thierry Heles

Daimler Trucks has led StoreDot's latest funding round, which included Samsung Ventures, as part of a strategic partnership agreement.

Israel-based nanotechnology materials developer StoreDot received $60m in funding on Thursday in a round led by Daimler Trucks, the commercial vehicles manufacturing subsidiary of automotive corporation Daimler.

The investment was disclosed by Daimler in a press release but its size was revealed by TechCrunch, which also reported a $500m valuation and named Samsung Ventures, a subsidiary of electronics producer Samsung, and investment fund Norma Investments as participants.

Founded in 2012, StoreDot is working on nanotechnology materials that can store electricity…

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