StoreDot Ltd. and Andretti Acquisition Corp. II Announce Signing of Definitive Agreement for Business Combination to Accelerate the EV Revolution with Extreme Fast Charging Battery Technol...
Andretti Acquisition Corp. II - Unit (POLEU)
Company Research
Source: GlobeNewswire
Eliminating Charging Anxiety: The combined entity will focus on commercializing StoreDot's XFC batteries to solve the #1 consumer pain point in the electric vehicle space: long charging times. The combined entity intends to eliminate range and charging anxiety, leveraging StoreDot's proven Extreme Fast Charging - XFC - technology. Significant Market Opportunity: The combined entity targets the rapidly expanding EV battery market. StoreDot believes that it is positioned to capture significant market share by addressing the primary barrier to EV adoption: charging speed. Scalable, Asset-Light Business Model: StoreDot employs a capital-efficient licensing model designed to be a "drop-in" solution compatible with existing Lithium-ion production lines. This accelerates the path to mass-market adoption and commercial deployment, eliminating the need for new manufacturing infrastructure. The combined company will be led by Dr. Doron Myersdorf as Chief Executive Officer and StoreDot’s highly
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