Internship
Develops solid-state batteries for electric vehicles
No salary listed
Billerica, MA, USA
Internship Location: 805 Middlesex Turnpike, Billerica, MA 01821
Factorial Energy develops and commercializes solid-state batteries, focusing on the automotive industry. Their main product, the Factorial Electrolyte System Technology (FEST®), is a new type of battery that offers improved safety, efficiency, and energy density compared to traditional batteries. This technology is designed for integration into electric vehicles (EVs) by major auto manufacturers and battery producers. Factorial Energy differentiates itself through strong partnerships with these manufacturers and a commitment to collaboration along the supply chain. Their goal is to lead the EV battery market by providing high-performance solid-state batteries, starting with a debut in the high-spec market and expanding through large-scale production from their new factory.
Company Size
51-200
Company Stage
Series D
Total Funding
$249M
Headquarters
Woburn, Massachusetts
Founded
2013
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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
Last autumn, Stellantis and Factorial announced plans to launch a demonstration fleet of the Dodge Charger Daytona equipped with solid-state batteries in 2026.
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.