StoreDot
TerminatedIndustrials · Extreme fast charging (XFC) lithium-ion battery technology
- What it is
- Develops and licenses extreme fast charging (XFC) silicon-dominant anode lithium-ion battery technology for electric vehicles, drones, and eVTOLs using an asset-light, royalty-based licensing model to existing cell manufacturers.
- What it’s doing now
- Merging with Andretti II (POLE) — terminated, announced Feb 17, 2026.
- What you should know
- Data is still being assembled for this company — what is shown below is everything we have verified so far.
The business, per its filings
SEC primaryDevelops and licenses extreme fast charging (XFC) silicon-dominant anode lithium-ion battery technology for electric vehicles, drones, and eVTOLs using an asset-light, royalty-based licensing model to existing cell manufacturers.
Source: 8-K EX-99.1 (management/investor presentation, December 2025), accession 0001213900-25-117587 · extraction confidence: medium
What the company says about itself
Web research — not auditedStoreDot is the pioneering innovator of extreme-fast charging (XFC) and extreme-energy density EV batteries. The company leverages patented organic nanomaterials, silicon-based anodes, and AI-optimized chemistry to create batteries that charge in minutes. StoreDot aims to eliminate charging anxiety and accelerate mass EV adoption through its 100inX battery solutions, transitioning from hybrid-solid-state to pure solid-state technologies.
- Markets:
- Electric Vehicles | Batteries | Energy Storage
- Products:
- 100inX batteries | Extreme Fast Charging (XFC) batteries | Silicon-based batteries | Hybrid-to-Solid-State batteries
[WEB-INTEL 2026-08-26] 2 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Termination of previously announced merger: Andretti Acquisition Corp. II and StoreDot Ltd. have mutually terminated their December 3, 2025 ..." [https://www.stocktitan.net/sec-filings/POLE/8-k-andretti-acquisition-corp-ii-reports-material-event-64fb2666227a.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "StoreDot has announced the cancellation of its $800 million SPAC merger with Andretti Acquisition Corp. II." [https://phoenixstrategy.group/blog/storedot-spac-deal-collapses-citing-cash-issues]
Source: https://www.store-dot.com/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.
The deal it’s entering
StoreDot is merging with Andretti II (POLE), a $230M SPAC currently marked Deal terminated and trading at $10.70 against $10.81 in trust per share.
| Headline equity value | — |
How to read these numbers: headline vs effective valuation · what a definitive agreement commits
What exactly is being valued, and at what
Was this deal done at an expensive or a cheap valuation?
SpacBrain’s read on the price
No multiple can be computed
We hold no revenue figure in US dollars for StoreDot Ltd., so there is nothing to divide the price by and no multiple can be struck. It is not recorded as pre-revenue either — this is a gap in our record, not a finding that the company has no sales.
We have not extracted a revenue figure for this company from its filings yet. That is our gap, not a statement about the business.
No announced deal value, so there is no price to divide.
Not extracted from the filings yet.
Not computable — no revenue figure has been extracted from the filings yet.
$1 of their sales costs $2.57 on the open market. Median of 4 listed companies we judged a true comparable, which individually run from 1.11× to 28.17×. Their share prices are from 15 August 2026, not today.
What qualifies the figures above
- No announced deal value — nothing to strike a multiple on.
- ELPW, XCH, ADSE, JHKC, ABAT, FLUX, EVGO, DFLI have no revenue to divide by, so they are shown but left out of the peer median.
The listed companies it is measured against
| Ticker | Company | Mkt cap | EV / revenue | EV / EBITDA | Why it’s comparable |
|---|---|---|---|---|---|
| ELPW | eLong Power Holding Ltd | $8M | — | — | Direct comp: Batteries & Uninterruptable Power Supplies; micro-cap ($8m); shares lithium, ion, batteries, battery, vehicles, electric with the target's own description; no forward EV/Sales published — counted as a peer, excluded from the median.more ▾less ▴ |
| SES | SES AI Corporation | $227M | 3.0x | — | Direct comp: Batteries & Uninterruptable Power Supplies; small-cap ($657m); shares ion, battery, lithium, batteries, manufacturing, vehicles with the target's own description; forward EV/Sales 1.1x.more ▾less ▴ |
| XCH | XCHG Ltd | $82M | — | — | Direct comp: Power Charging Stations; micro-cap ($82m); shares charging, fast, battery, electric, technology, ltd with the target's own description; forward EV/Sales 0.4x.more ▾less ▴ |
| ADSE | ADS-TEC Energy PLC | $652M | — | — | Direct comp: Batteries & Uninterruptable Power Supplies; small-cap ($652m); shares charging, fast, battery, electric, management, its with the target's own description; no forward EV/Sales published — counted as a peer, excluded from the median.more ▾less ▴ |
| JHKC | JuHe KC Holdings Ltd | — | — | — | Direct comp: Batteries & Uninterruptable Power Supplies; shares fast, charging, battery, electric, ltd with the target's own description; no forward EV/Sales published — counted as a peer, excluded from the median.more ▾less ▴ |
| ABAT | American Battery Technology Company | $158M | — | — | Direct comp: Specialty Mining & Metals (NEC); micro-cap ($158m); shares lithium, battery, ion, batteries, manufacturing, technology with the target's own description; forward EV/Sales 14.6x.more ▾less ▴ |
| FLUX | Flux Power Holdings Inc | $25M | — | — | Direct comp: Batteries & Uninterruptable Power Supplies; micro-cap ($25m); shares ion, lithium, battery, batteries, vehicles, management with the target's own description; forward EV/Sales 0.5x.more ▾less ▴ |
| EVGO | EVgo Inc | — | — | — | Direct comp: Power Charging Stations; shares charging, fast, electric, vehicles, with, for with the target's own description; forward EV/Sales 2.4x. |
| DFLI | Dragonfly Energy Holdings Corp | $37M | — | — | Direct comp: Batteries & Uninterruptable Power Supplies; micro-cap ($37m); shares lithium, battery, batteries, cell, manufacturing, develops with the target's own description; forward EV/Sales 0.9x.more ▾less ▴ |
| MVST | Microvast Holdings, Inc. | $329M | 1.1x | 10.0x | Direct comp: Batteries & Uninterruptable Power Supplies; small-cap ($919m); shares lithium, battery, ion, vehicles, batteries, electric with the target's own description; forward EV/Sales 0.9x.more ▾less ▴ |
| ENVX | Enovix Corporation | $972M | 28.2x | — | Direct comp: Batteries & Uninterruptable Power Supplies; small-cap ($1.6bn); shares battery, ion, lithium, batteries, manufacturing, for with the target's own description; forward EV/Sales 19.6x.more ▾less ▴ |
| ENS | EnerSys | $7.3B | 2.1x | 12.2x | Direct comp: Batteries & Uninterruptable Power Supplies; mid-cap ($6.3bn); shares batteries, charging, battery, fast, electric, vehicles with the target's own description; forward EV/Sales 2.0x.more ▾less ▴ |
Which companies belong on this list is our judgement, and the sentence beside each one is the whole of our reasoning — disagree with it and the verdict above changes. Rows marked context only are shown because they are informative, but they are deliberately left out of the median. The multiples come from listed-company data priced Aug 15, 2026; a private target’s deal multiple is not audited the way theirs are.
Common questions
Is StoreDot going public?
StoreDot has a signed merger with the SPAC Andretti II (POLE), announced Feb 17, 2026. Deal status: Terminated.
Was StoreDot bought at an expensive or a cheap valuation?
We hold no revenue figure in US dollars for StoreDot Ltd., so there is nothing to divide the price by and no multiple can be struck. It is not recorded as pre-revenue either — this is a gap in our record, not a finding that the company has no sales.
Does StoreDot have revenue?
The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.
Educational content, not investment advice.
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