Witricity is the process of wirelessly transferring electrical energy between two objects without physical connections. It works through magnetic field resonance using specially designed magnetic resonators in a power source and capture device. In 2007, researchers at MIT successfully powered a 60W lightbulb from 2 meters away using this technique with 40% efficiency, demonstrating the concept of wireless electricity transfer called witricity. While efficiency and range are still limited, witricity could eliminate wires and batteries for many devices. Researchers aim to develop the technology further and commercialize witricity applications within the next 3-5 years.