The underlying turbocharging technology was created by Qualcomm. It is currently in its 2nd iteration and is called Quick Charge 2.0. In order to turbocharge a device, both the device and the charger must be enabled with Quick Charge 2.0 technology. It is compatible with existing devices that run on Snapdragon 800, 600 and 400 series processors. By compatibility, it means that the processor has an onboard IC to deal with the turbocharging capability. Since a majority of existing smartphones are powered by Snapdragon processors, they are already compatible with turbocharging technology.
Tests show that devices charge 75% faster when turbocharged. The charger is able to provide 60 Watts of power rather than the conventional 9 Watts. This allows the device to charge much faster than usual.