BP injects capital to develop 5-minute "flash rechargeable battery".

On the morning Beijing time 23th news, the British oil company (BP) said that on Tuesday the venture capital department BPVentures will invent $20 million to StoreDot, a Israel nanotechnology startup, which is developing an electric car battery that can charge in five minutes.

On the morning Beijing time 23th news, the British oil company (BP) said that on Tuesday the venture capital department BPVentures will invent $20 million to StoreDot, a Israel nanotechnology startup, which is developing an electric car battery that can charge in five minutes.BP said that the move is intended to help cut their greenhouse gas emissions in the business. TufanErginbilgic, chief executive of the company's downstream business, said: "super-fast charging is the core of BP electrification strategy. StoreDot technology shows a real potential car battery charging time fill it up with a tank of gas at the same time."

Last September, German auto giant Daimler's truck division led to StoreDot $60 million. StoreDot says that its development of "flash rechargeable battery" is environmental protection, after a full charge of an electric car battery can reach more than 300 miles (480 km).The battery powered by organic compounds, and nano materials.

StoreDot also in the development of similar technology is able to mobile phone within five minutes of full of electricity. The company hopes to commercialize its products before 2019.

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