StoreDot reveals battery that reaches full charge in five minutes

StoreDot, an Israeli startup known for making fast-charging batteries, is claiming that its EV battery can reach full charge in five minutes.

The five-minute charge is expected to allow cars to have a range of 300 miles.

To prove that the technology works, the company has demonstrated its product's charging capability on stage at the CUBE Tech Fair in Berlin.

StoreDot's FlashBattery technology uses layers of nanomaterials and proprietary organic compounds, which it says have never been used on batteries before.

The company also claims FlashBattery is safer than lithium-ion since it's not flammable and has a higher combustion temperature.

StoreDot CEO Dr. Doron Myersdorf said in a statement: "Fast Charging is the critical missing link needed to make electric vehicles ubiquitous. The currently available battery technology dictates long charging times which makes the EV form of transportation inadequate for the public at large.

“We're exploring options with a few strategic partners in the auto space to help us boost the production process in Asia and reach mass production as soon as possible."