South California start-up Soteria Battery Innovation Group has been ranked top of a ‘Most Fundable Companies’ league table launched by a leading US business school.
Pepperdine Graziadio Business School’s (PGBS) inaugural list ranked Soteria first for its work to develop and promote materials for lithium-ion batteries that reduce weight, improve safety, and reduce cost.
Thousands of early-stage US companies with less than US$10 million in annual revenue took part in the Most Fundable Companies initiative— which saw firms scored by PGBS on factors such as financial projections, market opportunity, and intellectual property.
Earlier this year, Soteria formed a ‘leadership council’ of leading industrial companies to guide the commercialisation of its “safe lithium-ion battery architecture”.
Soteria’s architecture includes its third-generation Dreamweaver Separator, which the company said is made from thermally-stable materials that will not melt or shrink under the intense current associated with an internal short.
Soteria was also profiled in the summer 2018 edition of Batteries & Energy Storage Technology (BEST) magazine.