Wireless electricity, also known as WiTricity, was first proposed in 1899 by Nikola Tesla. In 2007, a group of MIT scientists led by Marin Soljacic revived the concept and developed an efficient wireless power system. WiTricity works by using magnetic resonance to transmit electric current from a transmitting coil to a receiving coil within a few meters without wires. While it provides advantages like eliminating wires and batteries, challenges remain in improving efficiency and increasing the range of wireless power transmission.