CLOSED
GET A PIECE OF SOTERIA BATTERY INNOVATION GROUP
Inherently Safe Batteries Everywhere
$433,486.02 Raised
REASONS TO INVEST
TEAM
Brian Morin • Co-Founder and CEO
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Elliot Reiff • Chief Financial Officer (Part Time)
Elliot works approximately 30 hours/week.
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William (Bill) Bliss • Board Member (Part Time)
Bill works approximately 5 hours per week.
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The Pitch
Improving Battery Safety with Technology and Community
Soteria connects the lithium-ion battery supply chain through our Consortium, ranging from raw material suppliers to end-users, by licensing our safety technology into every device, from cellphones to EVs. At Soteria, our vision is to create a safer world where lithium-ion batteries don’t catch fire.
A few of Soteria's 100+ Consortium members that are collaboratively
advancing battery safety across the supply chain
The PrOblem & Our Solution
Eliminating the Dangers of Lithium-ion Batteries
Today’s lithium-ion batteries are potentially unsafe. Even with expensive methods aimed at containing thermal runaway, advanced companies are still dealing with safety events, leading to dangerous and costly recalls.
THE SOLUTION
Soteria’s breakthrough technology addresses the ignition event itself by stopping the flow of energy when a short circuit occurs to prevent ignition. Our architecture provides thermally stable separators made from advanced fibers and metalized film current collectors that are engineered to ensure battery stability.
We license our technology to material and cell manufacturers for ultimate sale to end users. Our recent purchase of Voltaplex (www.voltaplex.com) will further streamline adoption in small device markets and immediately add revenue and margin.
The Market & our traction
Leaders in Advancing the Battery Technology of the Future
The lithium-ion battery industry is rapidly growing and inserting itself in the home, the workplace, and everywhere in between. An industry now projected to reach $400 billion by 2030 (Source).
OUR TRACTION
Our revenue has grown steadily by 44% over the past three years. Our first three licensees include Glatfelter, Ahlstrom, and Delfort. We have already raised $8.3 million in previous funding.
Our consortium includes 100+ members such as NASA, Mercedes-Benz, Motorola, Lenovo, DuPont, Applied Materials, and ECOM. We also launched LithiumSAFE, our first annual conference, where over one hundred industry experts convened to discuss relevant topics within battery safety.
WHy Invest
Join Us Today to Help Ensure a Safer Tomorrow
Our mission is to make the world a safer place with our battery safety technology. We plan to launch our first commercial products in 2023 in the consumer electronics market. We also plan to target e-bikes in 2024, followed by the EV market in 2026. With 100+ consortium members, 44% revenue growth maintained over the past three years, and multiple awards for our patented technology, we believe we are setting a new safety standard across multiple industries that use lithium-ion batteries.
ABOUT
HEADQUARTERS
1 Research Drive, Suite 110
Greenville, SC 29607
WEBSITE
View Site
TERMS
Soteria Battery Innovation Group
Overview
PRICE PER SHARE
$4.15
DEADLINE
Jan. 18, 2024 at 7:59 AM UTC
VALUATION
$50.09M
FUNDING GOAL
$15K - $1.23M
Breakdown
MIN INVESTMENT
$498
MAX INVESTMENT
$1,234,998.50
MIN NUMBER OF SHARES OFFERED
3,614
MAX NUMBER OF SHARES OFFERED
297,590
OFFERING TYPE
Equity
SHARES OFFERED
Class A Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives and Bonuses*
Loyalty Bonus:
Previous backers, investors, friends, and family will receive 10% bonus shares.
Testing the Waters Bonus:
Reservation Holders in the Testing the Waters Page will receive 10% bonus shares.
Combo / Avid Perks:
First 48 Hours
Early Bronze - First 48 Hours | $500+
Invest $500+ (minimum investment) within the first 48 hours and receive 5% bonus shares
Early Silver - First 48 Hours | $1,000+
Invest $1,000+ within the first 48 hours and receive 7% bonus shares
Early Gold - First 48 Hours | $2,500+
Invest $2,500+ within the first 48 hours and receive 10% bonus shares
Early Platinum - First 48 Hours | $5,000+
Invest $5,000+ within the first 48 hours and receive 12% bonus shares
Early Diamond - First 48 Hours | $10,000+
Invest $10,000+ within the first 48 hours and receive 15% bonus shares
First 5 Days
Early Bronze - First 5 Days | $500+
Invest $500+ (minimum investment) within the first 5 days and receive 3% bonus shares
Early Silver - First 5 Days | $1,000+
Invest $1,000+ within the first 5 days and receive 5% bonus shares
Early Gold - First 5 Days | $2,500+
Invest $2,500+ within the first 5 days and receive 7% bonus shares
Early Platinum - First 5 Days | $5,000+
Invest $5,000+ within the first 5 days and receive 10% bonus shares
Early Diamond - First 5 Days | $10,000+
Invest $10,000+ within the first 5 days and receive 12% bonus shares
First 10 Days
Early Bronze - First 10 Days | $500+
Invest $500+ (minimum investment) within the first 10 days and receive 1% bonus share
Early Silver - First 10 Days | $1,000+
Invest $1,000+ within the first 10 days and receive 3% bonus shares
Early Gold - First 10 Days | $2,500+
Invest $2,500+ within the first 10 days and receive 5% bonus shares
Early Platinum - First 10 Days | $5,000+
Invest $5,000+ within the first 10 days and receive 7% bonus shares
Early Diamond - First 10 Days | $10,000+
Invest $10,000+ within the first 10 days and receive 10% bonus shares
Amount-Based Perks:
Tier 1 | $750+
Invest $750+ and receive invitation to Private Investor Group**
Tier 2 | $1,000+
Invest $1000+ and receive 1% bonus shares + Tier 1 Perk
Tier 3 | $5,000+
Invest $5,000+ and receive 3% bonus shares + Tier 1 Perk
Tier 4 | $10,000+
Invest $10,000+ and receive 5% bonus shares + Access to Due Diligence report + Tier 1 Perk
Tier 5 | $25,000+
Invest $25,000+ and receive 10% bonus shares + Access to Data Room + Tier 4 Perks***
Tier 6 | $50,000+
Invest $50,000+ and receive 15% bonus shares + Tour of office + Tier 5 Perks***
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.
** Private investor group will receive a Monthly Newsletter and Bi-Annual State of the Consortium letter.
*** Prior tier perks include everything from the prior tier, excluding bonus shares. Bonus shares will be outlined per tier.
The 10% StartEngine Owners' Bonus
Soteria Battery Innovation Group will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class A Common Stock at $4.15 / share, you will receive 110 shares of Class A Common Stock, meaning you'll own 110 shares for $415. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and either the 10% Previous Investor or the 10% Loyalty Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
PRESS
ALL UPDATES
REWARDS
10%
Stack Venture Club & Rewards!
Members get an extra 10% shares in addition to rewards below!
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$750
Tier 1 | $750+
Invest $750+ and receive invitation to Private Investor Group*
$1,000
Tier 2 | $1,000+
Invest $1000+ and receive 1% bonus shares + Tier 1 Perk
$5,000
Tier 3 | $5,000+
Invest $5,000+ and receive 3% bonus shares + Tier 1 Perk
$10,000
Tier 4 | $10,000+
Invest $10,000+ and receive 5% bonus shares + Access to Due Diligence report + Tier 1 Perk
$25,000
Tier 5 | $25,000+
Invest $25,000+ and receive 10% bonus shares + Access to Data Room + Tier 4 Perks**
$50,000
Tier 6 | $50,000+
Invest $50,000+ and receive 15% bonus shares + Tour of office + Tier 5 Perks**
JOIN THE DISCUSSION
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Frank Rodgers
a year ago
I have read that ai will help advance the designs of batteries, is this something you have considered?
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Adam Sampson
2 years ago
Are you able to share your revenue projections? Or H1 of 2023. I found you through Kingscrowd and being a top pick. Congrats on that coverage.
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Czar Suzick
2 years ago
Does this technology work with Lyten lithium-sulfur batteries ?
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Erich Hontchar-Plank
2 years ago
Will you have a product in 2023?
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David Amin
2 years ago
Loosing money with debt already on the books. yet wanting $50M, good luck to the investors......Way lofty valuation. Ask would shark tank invest..? Why are you ? Plus Lithium is old tech now......
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Richard Koch
2 years ago
You talk about Soteria’s consortium of 100+ stakeholders in place that provides the essential network to support the commercialization of Soteria technology in the battery market. I can't determine whether you have a vertically integrated supply chain with existing customers at one end waiting for your patented technology, or you'll license the use of your solutions and take a piece of each product. Are you the process owner of the Consortium processes?
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W Kim Colich
2 years ago
Hi, It looks like you just lost $30K in investments - what happened? Please advise. Thanks. Blessings
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David Schrift
2 years ago
Hi, I am trying to understand your business model. 1. What prevents a company from leaving the consortium after they have acquired business partnerships or gained the insight they needed? Any data on turnover rate? How does this effect your network effect? 2. Aside from making batteries safer what is the primary revenue benefit to the company of the consortium (the fees themselves are pretty low)? Does this serve as a lead to incorporate your tech into their projects? How often do companies in the consortium require solutions that don't involve requiring your tech? 3. What is your primary competitive advantage? Your technology or brand recognition (ebay of battery safety tech)? or something else. I may have more questions, but this seems like a good place to start. Thanks in advance, David
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Cancel anytime before 48 hours before a rolling close or the offering end date.
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Yosef Hertz
a year ago
What is 2H23 revenue? Are you considering raising an institutional round of investment soon to help with expansion? Would be good to hear your plans around that and if institutional would invest at your current valuation.
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