By working with Volvo, StoreDot aims to accelerate the time to market for its technology and it targets mass production by 2024.

At the moment, Addionics focuses on the automotive market but also develops tech for products such as consumer electronics, medical devices, drones.

Founded in 2013, the startup developed technology that can charge electric vehicles while in full motion over electrified infrastructure.

A NIS 45 million budget for the next four years, four Israeli universities, 100 researchers and 12 teams: this is all part of a national mission is to reduce the world’s dependency on oil by developing a super-battery that can last for over a decade.

Four years after Israeli entrepreneur Shai Agassi founded Better Place with the aim of reducing global dependency on oil, Israel will become, along with Denmark, the first country in which the rechargeable, zero emission vehicles will be sold commercially.