Introduction
We believe our solid-state hybrid battery is safer and has more power. It is designed to allow our customers to make more powerful devices, e.g. EVs have higher driving range; smartphones have longer battery life; electronics use larger screens.
We plan to achieve pilot-scale production. We also aim to provide cheaper batteries by optimizing the manufacturing lines and lowering the cost.
problem
Battery technology impacts our daily lives as it powers our phone, laptop, and electric vehicle. In turn, the battery also creates new anxieties such as: battery fire, lower power, long charging time, battery degradation, high temperature warning, and low temperature shut-off. Some other problems include:
About 2825 electric cars catch on fire each year. GM has recalled 142,000 cars and Hyundai 82,000, both due to the risk that the batteries can, in unusual circumstances, burst into flames (Carsmetric, Financial Times).
Safety
- Battery fire and explosion.
- Battery swelling or leakage.
- Battery recall.
“Low Battery Anxiety” is the feeling of overwhelming fear experienced as our smartphone battery dies. 90% of us panic about losing power on our phones. 41% of people fear missed calls/texts when their phone is dead. 32% of us “drop everything” to head home and charge phones (LG).
Energy and Power
- Short battery life.
- Long charging time.
- Short driving range.
- Inconsistent battery performance.
Currently, car batteries lose about 60 percent of their power at 0 degrees, and they lose about 35 percent of their power at 32 degrees (American Automobile Association).
Operating Temperature
- Not operating in cold winter.
- Battery overheating.
- Battery running fast.
Solution
We plan to design solid-state hybrid batteries that are safe, have high energy density (>300 Wh/kg), and have stable cycling at a wide temperature range. We synergistically utilize the advantages of liquid electrolyte and solid electrolyte and outperform current liquid-electrolyte batteries and traditional solid-state electrolytes.
Advantages of Solid-State Batteries
- Safe
- High energy density
- Wide working temperature
- Low cost
- Easy manufacturing
business model
We plan to sell to Auto OEMs around the world. Additionally, we maintain an active focus on research and development partnering with academia and government labs. The variety of applications include but are not limited to: electrical vehicles, consumer electronics, medical devices, sustainable grid, etc.
Our focus on both technology and cost reduction enabled an efficient process, as seen in our optimized manufacturing process and innovative technology. With efforts on innovation and cost reduction, we believe our products will have more applications.
Market
The global battery market was $48.4B in 2022 (Volta Foundation, 2023). The market of solid-state batteries is attractive and growing very fast. The global solid-state battery industry’s size is expected to grow from $617.5 million in 2021 to $5.31 billion by 2028 (Grand View Research, 2021).
success to date
Our solid-state batteries are based on our proprietary composite solid electrolytes and recent advances on interconnected interfaces. You can find roots in our previous work, e.g.:
US Patents
- Composite solid electrolytes for high-performance metallic or metal-ion batteries, US Patent App. 17/096,457.
- Lithium alloy-carbon composite nanofibers and methods of fabrication, US Patent App. 13/231,433.
- Porous membrane based on a polymer-filled fibrous structure, US Patent App. 13/489,153.
Research Articles
- Interconnected cathode-electrolyte double-layer enabling continuous Li-ion conduction through solid-state Li-S battery. Energy Storage Materials, 2022, 44, 136-144.
- Polyacrylonitrile nanofiber-reinforced flexible single-ion conducting polymer electrolyte for high-performance, room-temperature all-solid-state Li-metal batteries. Adv. Fiber. Mater. DOI:10.1007/s42765-021-00128-1.
TEAM
Use of Proceeds
If the offering's maximum amount of $1,000,001 is raised:
| Use | Value | % of Proceeds |
|---|---|---|
| Salaries | $174,182 | 17.4% |
| Unallocated Funds | $0 | less than 0.1% |
| R&D: Lab-Scale Battery Assembly and Testing | $53,774 | 5.4% |
| Equipment | $523,045 | 52.3% |
| Raw Materials | $50,000 | 5.0% |
| Infrastructure Renovation | $50,000 | 5.0% |
| Product Line Assembly | $100,000 | 10.0% |
| Intermediary fees | $49,000 | 4.9% |
Terms
This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Common Units, under registration exemption 4(a)(6), in Solib Solutions LLC. This offering must reach its target of at least $10,000 by its offering deadline of April 17, 2023 at 7:59pm ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Financials
These financial statements have been audited by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
Updates
- Apr 17, 2023Primary offering finalized, selling units
- Apr 10, 2023Two-thirds of vehicles would be electric by...
- Apr 6, 2023Do you know that low power anxiety is...
- Feb 14, 2023new version of offering page with plain...
- Oct 26, 2022With a clear vision for the huge market, a...
- Oct 18, 2022An innovative material is being developed to...
- Oct 3, 2022The advantage of our technology is to utilize...
- Sep 20, 2022SoliB is building the technology to power our...
- Aug 30, 2022When we set out to develop Hybrid Solid...
- Aug 19, 2022When SoliB Solution set its mind on developing...
- Aug 15, 2022Solid-state batteries replaced the liquid...
- Aug 12, 2022We believe in a fully electric future so we're...
- Aug 9, 2022Hi , Together we can make safe,...
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