An Israeli company says it has developed technology that can charge a mobile phone in a few seconds and an electric car in minutes, advances that could transform two of the world’s most dynamic consumer industries
Using nano-technology to synthesize artificial molecules, Tel Aviv-based StoreDot says it has developed a battery that can store a much higher charge more quickly, in effect acting like a super-dense sponge to soak up power and retain it.
“These are new materials, they have never been developed before,” said Doron Myersdorf, the founder and chief executive of StoreDot, whose investors include Russian billionaire and Chelsea soccer club owner Roman Abramovich.
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.
The company has raised $48 million from two rounds of funding, including backing from a leading mobile phone maker. Myersdorf declined to name the company, but said it was Asian.
With the number of smartphone users forecast to reach 1.75 billion this year, StoreDot sees a big market, and some experts think that — with more work — it could be on to a winner.
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