Business
StoreDot Ltd. and Andretti Acquisition Corp. II Announce Signing of Definitive Agreement for Business Combination to Accelerate the EV Revolution with Extreme Fast Charging Battery Technology
Eliminating Charging Anxiety: The combined entity will focus on commercializing StoreDot's XFC batteries to solve the #1 consumer pain point in the electric vehicle space: long charging times. The combined entity intends to eliminate range and charging anxiety, leveraging StoreDot's proven Extreme Fast Charging - XFC - technology. Significant Market Opportunity: The combined entity targets the rapidly expanding EV battery market. StoreDot believes that it is positioned to capture significant mar
About this update from Andretti Acquisition Corp. Ii
[{"type":"list","items":[{"val":[{"type":"text","content":"Eliminating Charging Anxiety: The combined entity will focus on commercializing StoreDot's XFC batteries to solve the #1 consumer pain point in the electric vehicle space: long charging times. The combined entity intends to eliminate range and charging anxiety, leveraging StoreDot's proven Extreme Fast Charging - XFC - technology.","length":340,"tagName":"p"}]},{"val":[{"type":"text","content":"Significant Market Opportunity: The combined entity targets the rapidly expanding EV battery market. StoreDot believes that it is positioned to capture significant market share by addressing the primary barrier to EV adoption: charging speed.","length":242,"tagName":"p"}]},{"val":[{"type":"text","content":"Scalable, Asset-Light Business Model: StoreDot employs a capital-efficient licensing model designed to be a "drop-in" solution compatible with existing Lithium-ion production lines. This accelerates the path to mass-market adoption and commercial deployment, eliminating the need for new manufacturing infrastructure.","length":327,"tagName":"p"}]},{"val":[{"type":"text","content":"The combined company will be led by Dr. Doron Myersdorf as Chief Executive Officer and StoreDot’s highly experienced management team.","length":133,"tagName":"p"}]},{"val":[{"type":"text","content":"The transaction values StoreDot at a $800 million pre-money equity value, with existing StoreDot shareholders, optionholders and warrantholders rolling over 100% of their equity, and the pro forma enterprise value is currently expected to be $882 million (assuming no redemptions by Andretti’s public shareholders).","length":315,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1357,"olType":false},{"type":"text","content":"Herzliya, Israel and Alpharetta, Georgia, USA, Dec. 03, 2025 (GLOBE NEWSWIRE) -- StoreDot Ltd., an Israeli company (“StoreDot”), a pioneer and leader in Extreme Fast Charging (XFC) battery technology for electric vehicles (EVs), and Andretti Acquisition Corp. II (NASDAQ: POLE), a Cayman Islands publicly traded special purpose acquisition company (“Andretti”), today announced they have entered into a definitive business combination agreement (the “Business Combination Agreement”) for a business combination between Andretti and StoreDot under a newly formed holding company (the “Business ...