Work Here?
Work Here?
Work Here?
Industries
Automotive & Transportation
Energy
Company Size
51-200
Company Stage
Series D
Total Funding
$249M
Headquarters
Woburn, Massachusetts
Founded
2013
Factorial Energy develops solid-state batteries, focusing on the automotive industry. Their main product, the Factorial Electrolyte System Technology (FEST®), offers a safer, more efficient battery with higher energy density compared to traditional batteries. This technology is sold to major auto manufacturers and battery producers, who integrate it into electric vehicles (EVs). Factorial Energy distinguishes itself through strong partnerships with leading OEMs and battery manufacturers, ensuring a collaborative approach to production and supply chain management. The company's goal is to enhance the performance and manufacturability of EV batteries, aiming for large-scale production to meet the growing demand in the electric vehicle market.
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$249M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
401(k) Company Match
401(k) Retirement Plan
Education Assistance Plan
Short-term Disability Insurance
Long-term Disability Insurance
Mercedes first announced its partnership with Factorial on solid-state battery technology in 2021.
The initiative builds on Stellantis' $75 million investment in Factorial in 2021.
Mercedes also led a $200 million funding round in 2022 and today Factorial announced a new solid-state battery named Solstice.
Mercedes Benz and Factorial are working on solid state battery which will drastically increase the EV range, and be production ready by the decade end, the firms said, as reported by Reuters.
Factorial Inc. (Factorial), an industry leader in the development of solid-state battery technology for electric vehicle (EV) applications, and LG Chem, a global leader in battery materials, today announced the signing of a memorandum of understanding (MOU) to accelerate the development of solid-state battery materials. (Graphic: Business Wire)Factorial Inc. (Factorial), an industry leader in the development of solid-state battery technology for electric vehicle (EV) applications, and LG Chem, a global leader in battery materials, today announced the signing of a memorandum of understanding (MOU) to accelerate the development of solid-state battery materials. (Graphic: Business Wire)WOBURN, Mass.--(BUSINESS WIRE)--Factorial Inc. (Factorial), an industry leader in the development of solid-state battery technology for electric vehicle (EV) applications, and LG Chem, a global leader in battery materials, today announced the signing of a memorandum of understanding (MOU) to accelerate the development of solid-state battery materials.The agreement aims to strengthen cooperation in the field of next-generation battery materials and secure future competitive advantage by combining LG Chem's battery material capabilities and Factorial's next-generation battery material and process innovations
Find jobs on Simplify and start your career today
Industries
Automotive & Transportation
Energy
Company Size
51-200
Company Stage
Series D
Total Funding
$249M
Headquarters
Woburn, Massachusetts
Founded
2013
Find jobs on Simplify and start your career today