A firm based in Israel claims it has invented technology that can charge a smartphone in mere seconds and an electric car in minutes. This breakthrough could dramatically change two of the worlds most dynamic consumer industries.StoreDot, based in Tel-Aviv, says it has used nano-technology to develop a battery that acts like a sponge, soaking up power and retaining it. This means it can store a much higher charge more rapidly.The current prototype of the device is too large for proper commercial energy use but the company believes that it will be able to place a design on the market by 2016. They plan on making a slimmer version that will be able to deliver a day’s worth of battery life into a phone in just 30 seconds.The new design is based around something created by StoreDot known as “nanodots”. These are bio-organic peptide molecules that allow the rapid uptake, and most importantly, storage of power.