The latest example comes from a recent article on Forbes, discussing how a tech startup is attempting to double the power capacity of the traditional lithium-ion battery found in cell phones. This particular type of battery has existed since the early ‘90s and has limitations in how much power it can store. So, many might ask, why is this heritage technology receiving a revamp now? One answer is dependency.
As a society, we have become increasingly more reliant on mobile devices to manage work, stay connected and entertain ourselves. In fact, according to a recent study by research firm eMarketer, nearly 65 percent of the world’s population is a smartphone user and this number is expected to reach approximately 70 percent by 2017. These statistics prove just how much people have evolved with technology.
Gone are the days where cell phones simply provide a tool for making calls, sending text messages and playing a classic game of “Snake” (for the Nokia alumni out there). Due to usage demands, cell phones have now become “smartphones” that are not only more intelligent, but offer the following features and capabilities:
The list of possibilities is endless and only suggests the growing need for more battery power within mobile devices. That said, we can only hope startups and innovators like the one Forbes mentions can optimize the one ingredient powering everything we do—the battery.
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Batteries Plus Bulbs, founded in 1988 and headquartered in Hartland, WI, is a leading omni-channel retailer of batteries, light bulbs and smartphone repair services for the direct-to-consumer and commercial channels.Through a nationwide network of stores, the Company offers a differentiated value proposition of unrivaled product selection, in-stock availability and customer service.
Batteries Plus Bulbs is owned by Freeman Spogli, a private equity firm based in Los Angeles and New York City. To learn more about one of Forbes® Top 10 Best Franchises in America for the past three years, visit Batteries Plus Bulbs Franchise