BP Ventures has invested $20 million in Israel-based ultra-fast charging battery developer StoreDot . ( Earlier post .) StoreDot has developed a lithium ion-based battery technology which enables ultra-fast charging for the mobile and industrial markets. Using this technology, StoreDot is also developing a new type of electric-car battery that will aim to achieve a charging experience that is comparable to the time spent to refuel a traditional car. StoreDot currently expects first sales of its flash batteries for mobile devices as early as 2019. The EV flash battery enables full charge in 5 minutes, providing up to 300 miles (480 km) of driving distance, depending on the model of EV. StoreDot fast charging technology shortens the amount of time drivers have to wait in line to charge their cars, thus also reducing the number of required charging posts in a given charging station. EV flash battery’s remarkably fast […]