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SOUTH CAROLINA, 17 August 2023: Soteria, a trailblazer in battery safety technology, is launching an ambitious crowdfunding campaign to accelerate the development and launch of a revolutionary line of secure batteries intended for e-bikes and other emerging markets.
Collaboration with Industry Experts
Collaborating with esteemed professionals from entities such as NASA, Munro & Associates, and Polaris, Soteria has been diligently assessing the existing limitations in e-bike batteries. Drawing from these insights and culminating in robust best practices, Soteria aims to translate these practices into fail-safe battery packs, promptly deployable in e-bikes. The imminent conclusion of this project has prompted the company to initiate a crowdfunding campaign via StartEngine, aimed at expediting resource allocation.
Inclusivity through Crowdfunding
This endeavor marks an exciting opportunity for non-accredited investors to directly engage with Soteria’s vision. It provides them the chance to participate alongside institutional and accredited investors who have collectively invested USD 8.3m. The company’s lithium-ion battery safety technology assumes a proactive stance by preemptively mitigating ignition events, ensuring enhanced safety in e-bikes, electric vehicles, and various other devices.
A Comprehensive Safety Solution
With an impressive portfolio boasting over 80 granted patents, Soteria’s technology delves deep into the root causes of potential explosions, delivering comprehensive safety. This safeguards consumers and industries, underscoring their commitment to a secure battery landscape.
A Collaborative Platform for Innovation
Soteria’s dedication to inclusivity and innovation is evidenced by its consortium comprising over 125 influential industry leaders. NASA, Mercedes, Lenovo, and DuPont are among the prominent names driving open dialogues about safety challenges and solutions. This strategic platform addresses a market that is projected to exceed USD 400bn by 2030, as forecasted by McKinsey & Company.
Leading the Charge
CEO’s Vision Brian Morin, Soteria’s CEO, articulates the company’s profound dedication to enhancing battery safety across industries. The impending launch of safe e-bike battery packs, produced under the recently acquired Voltaplex, signifies former’s proactive approach. These designs will be licensed for the wider industry, positioning Soteria as a catalyst for industry-wide safety standards.
Exponential Growth and Promising Future
From a modest consortium of 12 founding members in 2018, Soteria’s collaborative network has flourished to encompass over 125 elite names in the lithium-ion battery domain. Impressively, their year-to-date revenue in 2023 surpasses 87% of the previous year, having already exceeded USD 1m. Commercial ventures integrating the company’s technology are underway in consumer electronics, micro-mobility, and the electric vehicle sector.
Conclusion
Shaping a Secure Future Soteria’s crowdfunding campaign encapsulates its unwavering commitment to pioneering safer battery solutions. By aligning with industry giants, fostering inclusivity, and propelling innovation, the company is driving a paradigm shift in battery safety. As they gear up for impactful commercial launches and foster industry-wide safety elevation, the collaboration’s resounding success promises a safer, more sustainable battery landscape.
