VinFast stocks up StoreDot’s series D round

Jan 6, 2022 • Robert Lavine

Battery cell technology developer StoreDot has raised $60m of a targeted $80m, with carmaker VinFast leading the round as it looks to go all-electric.

VinFast, the automotive manufacturing subsidiary of conglomerate Vingroup, is leading a series D round for Israel-based fast-charging battery technology developer StoreDot sized at up to $80m as it looks to go fully electric.

The round also features petroleum producer BP’s investment arm, BP Ventures, as well as Golden Energy Global Investment, a vehicle for Liu Jincheng, the founder of advanced battery manufacturer Eve Energy.

The company has so far secured $60m through the round, which values it at $1.5bn, according…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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