StoreDot, an Israel-based company, had come up with a battery charger that can completely charge your smartphone in one minute.
Doron Myersdorf, the co-founder of the company, and his team introduce a charger that completely loads up mobile phone batteries in one minute. Myersdorf said that they are synthesizing new molecules designed from the very beginning in their laboratories.
He showed a demonstration using an empty mobile phone battery. It went full charge in just 40 seconds. According to the company, the phone battery is 100 times faster than other chargers and can last for three years.
StoreDot said that amino acids used in place of the typical lithium components allow for quicker and safer charging. The company further said that its batteries stay in good condition for about 2,000 charges.
The company has raised $66 million from Samsung's venture capital arm and Roman Abramovich.
Myersdorf said that they began working with flash memories to test which element would best fit on a particular chip. After that, they experiment on organic compounds that has the properties needed for a particular application.
The stack of batteries made up of different combination of materials was tested for charge retention. The compounds that passed the test were taken to the next level of research. Myersdorf said that they create the materials, run them inside batteries, run tests and analyze initial feedback.
At present, StoreDot is selling the batteries to mobile phone makers. The company said that the batteries will cost 30% more than today's chargers and add up $100 on mobile phone's price, Bloomberg reported. The phone batteries will be mass produced in 2017.
In addition to phone batteries, the company is working on charging electric car batteries in five-minutes, according to Wired. The technology could be with customers in another 18 months.