Luxury automaker Volvo—with aspirations to go entirely electric by 2030—has now bought into the super-fast-charging business. The Volvo Cars Tech Fund just announced it has invested in StoreDot, an Israeli company creating an extremely fast-charging battery. It’s aiming to produce EV batteries that can add approximately 160 km of pure electric range in just five minutes, which, if successful, would keep EVs in motion much more frequently. With Volvo being the first of StoreDot’s partners, it helps with the latter company’s goal of being mass-market by 2024.
