While ultrafast spectroscopy with photocurrent detection was almost unknown before 2012, in the last 3 years, a number of research groups from different fields have independently developed ultrafast electric probe approaches and reported promising pilot studies. Here, we discuss these recent advances and provide our perspective on how photocurrent detection successfully overcomes many limitations of all-optical methods, which makes it a technique of choice when device photophysics is concerned. We also highlight compelling existing problems and research questions and suggest ways for further development, outlining the potential breakthroughs to be expected in the near future using photocurrent ultrafast optical probes.