SorbiForce (2024)

About this raise

SorbiForce, with a valuation of $10 million, is raising funds on Republic. The company has developed the world’s first non-metal sustainable battery. SorbiForce batteries are made using activated carbon, technical carbon, iodine, bromine, zinc salts, and water and will be a game-changer for the energy storage industry. The business is led by an experienced team and has collaborations with the Center for Innovation at the University of Arizona. Serhii Kaminskyi and Oleg Sheremeta founded SorbiForce in September 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales and marketing, professional services, infrastructure, and general working capital.

Investment Overview

Invested this round: $340,736

Deal Terms
Company & Team

Total Commitments

Platform: Republic
Start Date: 02/13/2024
Close Date: 04/26/2024

Min. Goal
$50,000

Max Goal
$1,235,000

Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF

Early Bird Val. Cap

$8,000,000

Valuation Cap

$10,000,000

Discount

Company

Year Founded: 2022
Industry: Energy, Power, & Natural Resources
Tech Sector: Cleantech
Distribution Model: B2B
Margin: Medium
Capital Intensity: Low
Location: Wilmington, Delaware
Business Type: Growth
Company Website: Visit Website

Team

Employees: 4
Prior Founder Exits?: No

Founder Name: Serhii Kaminskyi
Title: CEO

Founder Name: Oleg Sheremeta
Title: Chief Business Development Officer

Financials

Revenue: $0
as of FY2022
Monthly Burn: $7,719
as of FY2022
Runway: 0.3 months
as of FY2022

View Detailed Financials

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0


Net Income	$-92,633	$0

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$2,610	$0
Accounts Receivable	$0	$0
Total Assets	$63,321	$0
Short-Term Debt	$4,460	$0
Long-Term Debt	$151,465	$0
Total Liabilities	$155,925	$0

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Ratings

Total Prior Capital Raised: $0
VC Backed?: No

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
04/30/2025	StartEngine	$20,020,800	$185,370	Equity - Common	Active	RegCF
12/10/2024	Republic	$20,000,000	$383,139	SAFE	Funded	RegCF
04/26/2024	Republic	$10,000,000	$340,736	SAFE	Funded	RegCF

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Revenue
Valuation
Price per Share
Employees

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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View on Republic

SAFE, $10M • Closed

4 Following

Add to Portfolio

25 Invested

Deal Considerations

1
Key Challenges
- Try Edge free for 7 days
Other Risks
- No other risks found

SorbiForce (2024)

SorbiForce (2024)

About this raise