StoreDot is said to have developed a battery system that could potentially charge an EV in five minutes.
Tufan Erginbilgic, Chief Executive, Downstream said: “Ultra-fast charging is at the heart of BP’s electrification strategy. StoreDot’s technology shows real potential for car batteries that can charge in the same time it takes to fill a gas tank.”
The company expects first sales of its “flash batteries” for mobile devices as early as 2019.
Earlier this year, BP Ventures invested in FreeWire Technologies, a manufacturer of mobile EV rapid charging systems.