BP Ventures is injecting $20-million in lithium charging battery company and Israeli-startup StoreDot, developer of an EV flash battery that can be fully charged in 5 minutes.

The EV flash battery by StoreDot comprises of a battery pack with hundreds of EV flash battery cells, with its key differentiator being a core technology that uses chemically synthesized organic molecules, as opposed to inorganic compounds and liquid electrolytes carried by a standard lithium-ion battery that can reduce battery lifespan and pose a fire hazard.

“Ultra-fast charging is at the heart of BP’s electrification strategy,” said BP Downstream chief executive Tufan Erginbilgic, in a statement. “StoreDot’s technology shows real potential for car batteries that can charge in the same time it takes to fill a gas tank.”

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StoreDot’s 5-minute charge can produce a range of up to 300 miles (480 km) or 60 miles of range in one minute. For comparative purposes, the Nissan Leaf’s Quick Charge enables an 80-percent battery capacity in 40 minutes, and Porsche’s proposed network of 800 fast charge stations will take a claimed 20 minutes to charge Mission Es with a 250-mile range.

At the moment, BP manages more than 70 charging stations, developing ongoing partnerships and acquisitions in the battery space, such as its $5-million purchase of quick charging system manufacturer FreeWire Technologies and May’s strategic partnership agreement with China-based NIO Capital to explore advanced mobility technologies.