Soteria Battery Innovation Group has launched a crowdfunding campaign to provide resources to develop and launch a line of inherently safe batteries for e-bikes and other markets.
Soteria has been working with a group of experts from NASA, Munro & Associates, Polaris and other companies to understand the deficiencies in current batteries for e-bikes. With the project concluding soon – in the form of robust, best practices – Soteria wants to turn the best practices into safe battery packs for immediate adoption in e-bikes. To do so, Soteria is launching a crowdfunding campaign on StartEngine to quickly provide the resources.
This will also mark the first opportunity for non-accredited investors to invest directly into Soteria, allowing them to participate alongside the institutional and accredited investors who have already invested $8.3 million. Soteria’s lithium-ion battery safety technology prevents explosions in e-bikes, electric vehicles and other devices by halting potential ignition events before they occur. With a portfolio of more than 80 granted patents, Soteria’s technology addresses the root cause of these explosions, ensuring the safety of consumers and industries alike.
To enable broad access to its technology, Soteria has formed a consortium of more than 125 industry leaders, including NASA, Mercedes, Lenovo, and DuPont. This consortium provides a platform for an open discussion of safety problems and solutions in a market projected to exceed $400 billion by 2030 (McKinsey & Company).
“Soteria is dedicated to helping the lithium-ion battery industry improve safety, using whatever resources necessary. Our technology is certainly a piece, but we’ll be pulling many safety strategies into a new line of safe e-bike battery packs to be produced by our recent acquisition, Voltaplex, to get them to market as quickly as possible,” remarked Brian Morin, CEO of Soteria. “We are going to license these designs to the whole industry and lead the way by launching our own products first.”
Soteria has grown its consortium from an initial 12 founding members in 2018 to more than 125 today, including some of the most elite names in lithium-ion batteries. Their 2023 year-to-date revenue is 87% higher than last year, having already surpassed $1 million in 2023. Commercial launches using its technology are planned in consumer electronics and micro mobility, with several additional projects that have already begun in the electric vehicle market. With the support of the consortium members, Soteria is set to help raise the safety standard across industries, especially those that rely so heavily on lithium-ion batteries.
To become part of this transformative journey and support Soteria’s crowdfunding campaign, please visit the campaign page on StartEngine at www.startengine.com/offering/soteria.