ERM has advised Daimler AG on its strategic investment in StoreDot, an Israeli start-up whose FlashBattery technology enables an electric vehicle to be charged in a matter of minutes, as quickly as filling a tank of gas. StoreDot, which was founded in 2012, is a nanotechnology materials pioneer and one of the leading companies for electric charging and energy-storage materials.
Daimler, who has also agreed to a strategic partnership with StoreDot that focuses on the field of fast battery charging, views electrification of trucks as a top priority.
Other participants in the series C round included Lucion Venture Capital Group, financial institutions from Israel and China, as well as existing investors such as Samsung Ventures and Norma Investments.
For media coverage of the investment, please click here.
High-Tech and Start-ups practice
Epstein Rosenblum Maoz (ERM)’s high-tech and start-ups practice regularly provides legal advice to leading Israeli and international clients from pre-incorporation through to exit, as well as on the most complex transactions carried out in Israel and abroad.