by Katie Fehrenbacher
Quick charge cell phones are becoming a must-have. Will a startup’s new tech take over the market?
A handful of high end smart phones like Samsung’s Galaxy Note 5 and Galaxy S6 are starting to offer the ability to quickly charge a cell phone with hours of talk time in just a few minutes. But a startup called Qnovo says it has a better way to rapidly charge mobile devices, and that its technology could be included on cell phones for the first time next year.
On Wednesday the five-year-old Qnovo said that it’s raised another $8.6 million in funding, including from Intel’s venture capital arm, and venture capitalists RockPort Capital, U.S. Venture Partners and BlueRun Ventures. To date the company has raised a little over $23 million.
Qnovo plans to use the funding to get its charging software onto its first commercial cell phones next year, and also expand its software onto laptops and wearable devices. Qnovo executives declined to disclose the cell phone manufacturers that plan to use its software.