Israeli company StoreDot said its battery would deliver a day’s power in 30 seconds. The batteries tech is based on "nanodots", which StoreDot describes as bio-organic peptide molecules which allows the battery to rapidly absorb and retain power.
StoreDot had unveiled the battery prototype at the Microsoft's 'Think Next Conference' in Tel Aviv. The current version of the battery is too bulky for a smartphone right now, but the company believes that it will release a slim battery by 2016.
Founder and chief executive Doron Myersdorf says that the phone could ultimately be recharged up to 1,500 times, giving it almost three years of life. StoreDot also plans to create a car battery that recharges in two or three minutes.
"These are new materials, they have never been developed before," said Doron Myersdorf. Russian billionaire and Chelsea soccer club owner Roman Abramovich has invested 10 million in the project. The company has raised in total $48 million from two rounds of funding, including funding from an unnamed mobile phone maker.
According to a recent eMarketer report, global mobile phone users will increase to 4.55 billion, while smartphone users will constitute nearly 1.75 billion of the market share. Experts think that if StoreDot is able to create a small useable battery it will be able to gain a lot of customers.
"We live in a power hungry world ... people are constantly chasing a power outlet. StoreDot has the potential to solve this real big problem," said Zack Weisfeld, who has worked with and evaluated ventures in the mobile phone sector globally. "They still have some way to go, to deal with size of battery and power cycle rounds, but if solvable, it's a very big breakthrough," he stated.