StoreDot
Extreme fast charging (XFC) EV batteries
Analytics date: 08.12.2025
Basic information
Head office
Herzeliya, IsraelHead officeGeography of business
Israel- United States of America
Geography of businessDate of the last round
Last round 03/2022Date of the last roundTotal funds raised
$228M+Total funds raisedPrice per share
$9.00Price per sharePrice per share. Based on the latest known transaction. It is not an offer or investment recommendation.
Analytics date: 08.12.2025
IPO
In March 2021 StoreDot began negotiations to merge with a Wall Street SPAC at a $3.5B valuation. JP Morgan is leading the process. Among other Israeli tech companies went public in 2021: REE Automotive (electric vehicles) at $3.1B valuation (01/2021); Otonomo (car data processing) at $1.4B (08/2021).
In 11/2025, StoreDot Ltd. and Andretti Acquisition Corp. II (POLEU), a special purpose acquisition company, announced a definitive agreement to merge and form a holding company named XFC Battery, whose shares are expected to be listed on the Nasdaq Stock Market LLC. The combined company is assigned a pro forma enterprise value of $882M, assuming no redemptions by Andretti’s public shareholders, while the transaction values StoreDot at an $800M pre-money equity valuation, with existing StoreDot shareholders, optionholders, and warrantholders rolling over 100% of their equity.
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Competitor Analysis
Comparison with other companies in the industry.
| Name | Valuation |
| Private companies | |
Redwood Materials | 0000 |
| Traded companies | |
QuantumScape Corporation | 00 |
ChargePoint Holdings | 00 |
Li-Cycle | 000 |
Blink Charging | 00 |
EVgo | 0000 |