Samsung Electronics has formed a $300 million Automotive Innovation Fund focused on technology for new cars. The South Korean electronics company previously showed interest in the automotive industry, spending $8 billion to buy auto parts supplier Harman International. According to Samsung, its first investment from the new fund — €75 million ($89 million) — was to partner with Austria-based TTTech, a company that protects the real-time computer systems used in smart vehicles. Audi is another major investor in TTTech. Continue reading Samsung Creates $300M Fund to Innovate Automotive Tech

Tel Aviv-based StoreDot claims it has developed a battery technology that can charge a mobile phone in 30 seconds and an electric car in mere minutes. The prototype can reportedly store a higher charge more quickly by using nanotechnology to synthesize artificial molecules. Bio-organic peptide molecules known as “nanodots” enable the rapid absorption and retention of power. StoreDot is aiming to have a slimmer version of the current prototype available for the smartphone market by 2016. Continue reading Battery Using Nanodots Charges Mobile Phone in 30 Seconds

Tel Aviv-based startup StoreDot has unveiled a prototype of a mobile phone charger that can reportedly charge a dead phone’s battery to 100 percent in a mere 30 seconds. StoreDot was created by members of the nanotechnology department at Tel Aviv University. The current prototype, about the size of a laptop charger, is compatible with the Samsung Galaxy 4. The company has plans to reduce the device’s size and expand to other smartphones when the $30 charger becomes available in late 2016. Continue reading Israeli Startup StoreDot Can Charge Your Phone in 30 Seconds