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Highlights

 

Welcome to another episode of Category Visionaries — the show that explores GTM stories from tech’s most innovative B2B founders. In today’s episode, we speak with Doron Myersdorf, CEO and Co-Founder of StoreDot, a battery developer that’s raised over $200 Million in funding.

Here are the most interesting points from our conversation:

  • Transforming EV Charging: Doron discusses how Storedot is tackling the biggest barrier to EV adoption—charging anxiety—by developing batteries that can charge 100 miles of range in just 5 minutes, with future targets to reduce this to 2 minutes.
  • From Silicon Valley to Battery Innovation: Doron shares insights from his time in Silicon Valley during the tech bubble and how those experiences shaped his journey to founding Storedot, which started with a focus on advanced materials before pivoting to battery technology.
  • Persistence Over Patience: Doron highlights the importance of persistence rather than patience in building a deep-tech company. He talks about the challenges of proving a technology that experts deemed impossible and how unwavering belief in the vision was crucial.
  • Building Trust with Automakers: Doron emphasizes that trust with automotive partners is built through rigorous testing and validation of the battery technology. Storedot has already demonstrated its capabilities to 15 major carmakers, including investors like Mercedes, Volvo, and BP.
  • The Future of Electric Vehicles: The conversation explores the future of EVs, with Doron predicting that within 15 years, 90% of vehicles could be electric, driven by advancements in fast charging and the development of powerful charging infrastructure.
  • Mission-Driven Innovation: Doron talks about the importance of mission-driven work at Storedot, where the team is motivated by the potential to make a significant impact on global warming and the environment through their battery technology.

 

Actionable
Takeaways

Focus on Solving Critical Barriers:

Identify and address the biggest pain points in your industry, like Storedot did with EV charging anxiety, to create a product that resonates with both customers and industry partners.

Leverage Material Science for Innovation:

Don't be afraid to challenge conventional wisdom in your field. Storedot’s success came from innovating at the material level, breaking boundaries that were once thought impossible.

Build Trust Through Demonstrable Results:

Especially in industries like automotive, where safety and reliability are paramount, providing hard data and real-world validation is key to gaining customer trust.

Stay Persistent, Not Just Patient:

Building groundbreaking technology takes time, but persistence and a relentless drive toward your vision are more critical than passive patience.

Align Your Team with a Higher Purpose:

A strong mission can be a powerful motivator. Storedot’s focus on making a positive environmental impact helps attract and retain top talent.

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