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SOTERIA BATTERY INNOVATION GROUP

Operating

Soteria Battery Innovation Group, Inc.

Software & AI · Greenville, SC · Founded 2018

Inherently safe batteries everywhere

Post-money valuation ⓘ
$50.5M
As of Jan 2024 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$4,900,362
Crowd $434K · Private $4.5M · 4 rounds since 2020
Latest share price
$4.15
Reg CF · Common Stock · Aug 2023 offering price

Financials

FY2021–FY2022 · from SEC filings · hover any figure for its source
$786K
−$1.5M
2021
$1.1M
−$2.4M
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed
FY2022 reviewed
Income statement
Revenue
$785,821
$1,149,952
Cost of goods sold
$78,853
$284,889
Gross margin
90%
75%
Net income
-$1,541,087
-$2,378,437
Taxes paid
$6,249
$2,039
Balance sheet
Cash
$1,679,012
$1,340,108
Accounts receivable
$243,733
$173,200
Total assets
$2,693,873
$3,281,609
Short-term debt
$512,134
$551,302
Long-term debt
$1,792,844
$1,982,637
Total liabilities
$2,304,978
$2,533,939
Other
Headcount
—
20

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$50.1M
pre-money
Reg CF · Common · Aug 2023

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$4.391$2.1955$4.15
Mar 2020Aug 2023
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Fundraising history

Raised $1.2MInvestors 32
Raised $434K / $1.2MInvestors 335Post-money $50.5M
Raised $3.3MInvestors 88

Team

13 people
Brian MorinFounder
Co-Founder and CEO

Dr. Brian Morin received his Ph.D. and M.S. degrees from the Ohio State University and began his career at DuPont and Milliken. Brian loves children and has served as a Guardian ad Litem, serves the youth in his church and hosted foreign orphans in his home. As Co-Founder and CEO, Brian serves the consortium by leading the commercialization of innovative technology.

Elliot Reiff
Chief Financial Officer (Part Time)

Elliot Reiff is CFO of Soteria with over 35 years of finance, investment banking and senior management experience. Over the past twenty years, Mr. Reiff has provided interim CFO, structuring, valuation, consultation, and capital raising services to his clients. He also served as Founder and COO of The Venture Alliance, and previously held executive positions for 12 years at Geneva Companies, a $150 million company that served as the nation’s leading provider of valuation and M&A services. Elliot works approximately 30 hours/week.

Elliot Bruce Reiff
CFO
Amy Brinson
Global Consortium Director

Amy Brinson earned her B.A. from The University of New Hampshire and miniMBA in Marketing from Rutgers University. Amy enjoys painting portraits, watching too many sci-fi movies, and spends most of her down time playing with her son. Amy assists consortium members with project development and collaboration opportunities.

Drew Pereira
R&D Manager

Dr. Drew Pereira obtained his Ph.D. in Chemical Engineering at the University of South Carolina where he focused on battery modeling and gained experience through an internship at GM and fellowship at NREL. Outside of work, Drew makes time for golf, mountain/road biking, and snowboarding. Drew aids the consortium in technology development, cell testing, and addressing technical challenges.

Joanna Brady
Strategic Finance Director

Having received her Bachelor of Arts degree in Accounting from Furman University, Joanna has spent 10 years working in both the public and private accounting sectors. In her free time, she enjoys taking vacations somewhere sunny, spending time with family and friends, and playing with her miniature dachshund, Archie. Joanna coordinates communications with investors and provides financial support to Consortium members regarding billings and payments.

John Warner
Board Member (Part Time)

Dr. John Warner is a sought after and recognized battery industry expert, speaker, author and an experienced sales, business development, strategic marketing, and product management executive with over 30 years in the automotive and battery industries. He serves as Chief Customer Officer for American Battery Solutions and Founder and President at Warner Energy Consulting LLC. Previously, he’s spent 20 years in the automotive space including 13 years with General Motors. John works approximately 5 hours per week.

Juergen Kellner
MD of Soteria Europe GmbH

Dr. Juergen Kellner earned his Doctorate of Chemistry from the Technical University of Munich. Juergen has international experience in R&D, innovation, and business development. He is based in Germany and utilizes his expertise to coordinate material developments and to support European consortium members. Juergen is interested in science, enjoys sport, music and reading.

Kelsey Cook
Marketing Manager

Kelsey Cook received her degree in Strategic Communication with a minor in General Business from The Ohio State University, and brings battery industry experience as a former Product Manager prior to her role as Digital Marketing Manager at Techtronic Industries (TTI). In her free time, Kelsey enjoys taking spin classes, spending time with family & friends, getting outdoors, and reading a good book. Kelsey provides strategic marketing content for Soteria and its consortium.

Show 4 more people
Theodore (Ted) Kesten
Board Member (Part Time)

Ted received his B.A. in Psychology from Emory University and M.B.A. in Finance from NYU Graduate School of Business. He is the Chairman and CEO of Scent2Market, Inc., and he is also the founder and Chairman of Ranger Rady Inc. Ted has worked for 25 years with Belmay Holding Corp, a private USA holding company, as Chairman and CEO. During his time, he assisted the business in growing from 2 locations in the USA to 8 facilities spanning 7 countries on 5 continents. Ted works approximately 5 hours per week.

William (Bill) Bliss
Board Member (Part Time)

Bill Bliss has worked in the areas of Leadership Development, Organization Effectiveness, Executive Assessment and Executive Compensation throughout his 25 year career. He has worked with global, publicly held, private, family run and not for profit organizations. He has been a thinking partner for and coach to a wide variety of executives, including Chief Executive Officers, Presidents, Vice Presidents and Directors across many disciplines. He is also a Founding Partner and Executive Director of the John Maxwell Team. Bill works approximately 5 hours per week.

Theodore Kesten
Director
William Gilbert Bliss
Director

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 3 annual reports (FY2023–FY2025)

Missing: 2023, 2024, 2025

335 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form DMar 7, 20250000929638-25-001052
    EDGAR
  • Form C-UFeb 14, 20240001665160-24-000082
    EDGAR
  • Form C/ANov 9, 20230001665160-23-001911
    EDGAR
  • Form CAug 16, 20230001665160-23-001656
    EDGAR
  • Form DOct 3, 20220001807687-22-000001
    EDGAR
  • Form D/AMar 18, 20210001807687-21-000001
    EDGAR
  • Form DMar 31, 20200001807687-20-000002
    EDGAR
Source: ManualCIK 0001807687DEShare price $4.15

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.