The days of charging your phone for hours on end are numbered, thanks to an Israeli technological breakthrough.

Powering a mobile phone will take just 30 seconds by 2016, according to Israeli company StoreDot, although it could raise the cost of a handset by £95.

The company has raised $48million so far, with backing from an unnamed mobile phone maker. Russian billionaire and Chelsea owner Roman Abramovich has also ploughed $10million into the project.

Tech analyst Zack Weisfeld said: “We live in a power hungry world. People are constantly chasing a power outlet. This has the potential to solve a big problem.”

The innovation is based around the creation of ‘nanodots’, described as bio-organic peptide molecules. They alter the way a battery behaves to allow the rapid absorption and retention of power.