The board will be led by StoreDot executive chairman and former Global Head of BP Ventures, David Gilmour.
It will provide expertise in battery science, electric vehicle infrastructure, automotive industry integration and funding. The board will help guide StoreDot’s leadership team as it scales up to commercialise its technology and supply car makers with mass produced, fast charging battery technologies.
StoreDot’s XFC batteries, which the supplier says deliver a 50% reduction in charging time at the same cost, are being tested by major automotive companies.
StoreDot’s Advisory Board members will include Polestar COO, Dennis Nobelius.
Nobelius joined Polestar from Volvo where he held a number of senior roles during a 14-year career and will bring knowledge to the board on OEM integration. To help advise on the battery commercialisation, the appointment of Joseph Walicki, former CEO and vice chairman of Clarios, (Formerly Johnson Controls-Power Solutions Division) − the world’s largest automotive battery company serving customers in 150 countries – will be instrumental.
Other foundation board members, who bring with them a range of experience, include Roy Williamson, a global future-mobility and EV infrastructure expert and former BP Advanced Mobility VP, Doron Aurbach, the electrochemist, Joel Maryles, a financial industry expert, having held senior positions in both investment banking and venture capital.
“Our extreme fast-charging battery technology is essential for automotive manufacturers to develop EVs that overcome range and charging anxiety,” said StoreDot CEO, Doron Myersdorf.
“We’re offering a clear technology roadmap ranging from the silicon-based XFC technology to next generation XED, extreme energy density, solid-state technologies. With the active support and previous experience of our newly- formed Global Advisory Board, we plan to execute on this roadmap accelerating the adoption of EVs aligned with our clear vision of a cleaner, zero-emissions world.
“The formation of our Advisory Board is a major step forward as we rapidly move to our next phase of development and on to commercialisation of our first automotive batteries for electric vehicles as early as 2024.”
The Advisory Board is a milestone for StoreDot, which was founded in 2012 in Israel. In 2019, StoreDot’s XFC battery was publicly demonstrated in the world’s first full live demonstration, charging an electric scooter in five minutes.
Last month it announced a framework agreement with EVE Energy to support the commercialisation and mass production of XFC batteries by 2024.