An Israeli company named StoreDot says it has developed a technology that can charge mobile phones in under 30 seconds and electric cars in minutes. StoreDot used nano-technology to produce artificial molecules, thus creating a new battery that can retain power at a higher rate and more quickly.
“These are new materials, they have never been developed before. The innovation is based around the creation of “nanodots,” which StoreDot describes as bio-organic peptide molecules. Nanodots alter the way a battery behaves to allow the rapid absorption and, critically, the retention of power,” Doron Myersdorf, the founder of StoreDot, said.
The company has raised more than $48 million dollars for this project and will continue to raise money to perfect the technology. StoreDot’s next goal is to increase power cycle rounds in batteries, which is the number of times a battery can be re-charged. The company also hopes to bring this technology to the automotive industry and to decrease charging time of electric cars from 12 or more hours to two or three minutes.
The company’s current prototypes are bulky; they believe a slimmer battery will be ready for consumer industries by early 2016 with new batteries that have a 3-year lifespan.