Among the electrochemical energy storage (EES) technologies, rechargeable batteries (RBs) and supercapacitors (SCs) are the two most desired candidates for powering a range of electrical and electronic devices. The RB operates on Faradaic processes, whereas the underlying mechanisms of the SC vary as non-Faradaic in the electrical double layer capacitors (EDLCs), Faradaic at the surface of the electrodes in the pseudo capacitors (PCs), and a combination of both non-Faradaic and Faradaic in the hybrid capacitors. The EDLCs offer high power density but low energy density. The hybrid capacitors take advantage of the Faradaic process without compromising their capacitive nature. Unlike batteries, supercapacitors provide high power density and numerous charge-discharge cycles; however, their energy density lags that of batteries. Here, we review recently published critically selected articles on supercapatteries, a generic term that refers to EES devices that can combine the merits of EDLCs and RBs. Also discussed are the properties, design strategies, and future perspectives of supercapatteries.