StoreDot to go public via SPAC merger with Andretti Acquisition Corp. II in a $882m deal.

StoreDot, a company that specializes in extreme-fast charging and extreme-energy density battery solutions for electric vehicles, to go public via SPAC merger with Andretti Acquisition Corp. II, a publicly traded special purpose acquisition company, in a $882m deal. “Partnering with Andretti II SPAC and its iconic team provides us with the ideal platform and resources to dramatically scale our production and commercialization efforts. Our mission is to eliminate range and charging anxiety, and we believe this transaction fuels our ability to deliver XFC to EV drivers globally. The strong momentum we have with leading OEMs, who are in the process of validating and integrating our cells, proves that the industry is ready for minutes-long charging. Together with the Andretti team, we are set to transform the EV landscape,” Doron Myersdorf, StoreDot CEO.