An Israeli startup Storedot said that it has developed a technology which can charge the mobile phone in less than a minute and an electric car in minutes and advances that it could transform two of the world’s dynamic consumer industries. Tel Aviv headquartered StoreDot says that using nano-technology to synthesize artificial molecules it has developed the battery which can store much high charge very quickly, but in effect acting like the super-dense sponge to soak up power and retain it.
While the prototype the company has currently designed is far too bulky for a mobile phone, but the company claims that it will be ready by 2016 into the market, a battery which can absorb and deliver the day’s power for a smartphone in just 30 seconds.
Doron Myserdorf, founder and executive of Storedot said that, “These are new materials they have never seen and developed before” and the companies investors includes Chelsea Soccer club owner Roman Abramovich and another Russian billionaire. Storedot has raised about $48 million in two rounds of funding including the backing from the leading mobile phone maker, but Myserdorf has declined to reveal the name of the company, but he said it is an Asian company.
The innovation is based around creation of nanodots which the company describes it as the bio-organic peptide molecules and they alter the way the battery behaves to allow the rapid absorption and critically the retention of power. With the smartphones market forecast to reach 1.75 billion at the end of this year, storedot sees the big market and some experts think that.
Zack Weisfeld, who worked with evaluated ventures in mobile phone sector globally, “We live in power hungry world, people are constantly chasing the power outlet. StoreDot has the potential to solve this real big problem. They still have some way to go, to deal with the size of the battery and power cycle rounds, but it solvable and it is a very big breakthrough”.
Myserdof said that, a fast charge phone would cost around $100-$150 more than current models and would ultimately to handle 1500 recharge or discharge cycles, giving it about 3 years of life. He hopes to use the same technology to develop the car battery which recharges in 2 or 3 minutes, rather than current models which commonly need to be charged overnight.