BP : invests in ultra-fast charging battery company StoreDot

Notes to editors

• BP currently has more than 70 charge points on its retail sites globally
• In January 2018, BP invested $5 million in FreeWire Technologies, a manufacturer of mobile EV rapid charging systems
• On 10 May, BP signed an MOU with China's NIO Capital to explore opportunities in advanced mobility.

About StoreDot

StoreDot Ltd is a battery and materials innovation leader, developing ground breaking technologies based on a unique methodology for the design and synthesis of both organic and inorganic compounds. Designed to replace known technologies with enhanced electro-chemical properties, StoreDot's proprietary compounds, combined with nano-materials, are optimized for various ultra-fast charging battery applications including mobile devices and electric vehicles.

About BP Advanced Mobility Unit

BP's Advanced Mobility Unit has been set up to build material, sustainable businesses for BP's Downstream business in a low carbon, digitally-enabled future. Responding to new and disruptive trends in mobility, including electrification of transport, autonomous vehicles and changing ownership patterns, the team looks for options beyond the Downstream's core businesses and explores ways that BP can leverage its assets, capabilities and brands through new partnerships and business models.

About BP Ventures

BP Ventures identifies and invests in private, high growth, potentially game-changing technology companies, accelerating cutting-edge innovations across the entire energy spectrum. Since 2006, BP Ventures has invested over $400 million in corporate venturing and has 42 active investments in its current portfolio.

BP Ventures' portfolio is primarily focused on emerging technologies in oil and gas exploration and production and downstream conversion processes. In addition, it has a renewed strategic focus on five key areas: advanced mobility, bio and low carbon products, carbon management, digital transformation and power and storage.

For more information about BP Ventures' activities in Israel please contact Yoni Dolgin, adviser to BP Ventures in Israel, at bpventures@bp.com.