New pre-IPO futures. StoreDot: extra-fast charging batteries
By our estimates, StoreDot shares (the underlying asset of the futures) will grow by 200% ahead of its IPO.
StoreDot develops next-generation batteries that allow you to charge electric cars, drones and smartphones ten times faster. In 2014, a StoreDot battery recharged a smartphone in just 30 seconds. This year the company released the first batch of batteries capable of recharging electric vehicles in just 5 minutes.
StoreDot product is in high demand at least in three major industries: electronics, avionics (aircraft electronic equipment), and electric vehicles production. Electric vehicles could replace 20% of the world's traditional vehicles by 2030. The growth of this market is directly dependent on the mass production of ultra-fast recharge batteries.
StoreDot has raised $158 million in 8 funding rounds, its last round Series C in May 2018 valued the company at $400 million. British Petroleum, Daimler AG, Samsung Ventures, Singulariteam and Roman Abramovich's fund have invested in the company.
StoreDot’s OTC valuation — $600 million. According to Israeli edition Calcalist, StoreDot began merger talks with a SPAC at a valuation of $3.5 billion.
Read how pre-IPO futures work and what their advantages are.