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ERM advises German automotive giant on investment in StoreDot

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.

Simon Marks, partner in our high-tech and start-ups practice, led the team which included partner Roni Abelski and associate Itamar Lev.

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.

For more information on the investment or our high-tech practice, please contact Simon Marks, Roni Abelski or another member of our team.

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