Internship

Business Strategy Summer Intern

Posted on 3/25/2025

Factorial Energy

Factorial Energy

51-200 employees

Develops solid-state batteries for electric vehicles

No salary listed

Billerica, MA, USA

Internship Location: 805 Middlesex Turnpike, Billerica, MA 01821

Category
Strategy Development
Business Development
Business & Strategy
Required Skills
Market Research
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
Requirements
  • Pursuing or recently completed a B.S. in Business, Economics, Engineering, or a related field.
  • Strong analytical and problem-solving skills, with the ability to interpret technical and commercial data.
  • Proficient in Microsoft Excel and PowerPoint.
  • Strong communication and interpersonal skills.
  • Fluent in English, both spoken and written.
Responsibilities
  • Support the development and execution of go-to-market strategies, identifying market opportunities, customer segments, and commercialization pathways.
  • Conduct market research and competitive analysis to assess industry trends, customer needs, and business models.
  • Define customer value propositions and analyze strategic partnerships to drive business growth.
  • Assist in account strategy development, mapping key accounts and optimizing customer engagement approaches.
  • Prepare concise presentations and reports to communicate market insights and business strategies to internal stakeholders.
Desired Qualifications
  • Interest in business strategy with relevant coursework or projects preferred.
  • Exposure to machine learning applications is a plus.

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

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnerships with Mercedes and Stellantis boost credibility and market reach for Factorial.
  • The new Methuen factory enables large-scale production to meet growing EV battery demand.
  • Strong financial backing from major investors supports ongoing R&D and expansion efforts.

What critics are saying

  • High production costs may hinder competitiveness against traditional lithium-ion batteries.
  • Potential supply chain disruptions could affect production of solid-state batteries.
  • Rapid technological advancements could render Factorial's technology obsolete if innovation lags.

What makes Factorial Energy unique

  • Factorial Energy's FEST™ technology offers higher energy density than traditional batteries.
  • Their solid-state batteries promise enhanced safety and longer range for electric vehicles.
  • Factorial collaborates with major OEMs, validating their technology's potential in the EV market.

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Benefits

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

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

1%

2 year growth

19%
Electrive
Apr 25th, 2025
Stellantis validates solid-state batteries from Factorial

Last autumn, Stellantis and Factorial announced plans to launch a demonstration fleet of the Dodge Charger Daytona equipped with solid-state batteries in 2026.

Primera Clase Mexico
Feb 25th, 2025
Mercedes EQS with solid-state battery targets 621-mile range

Mercedes first announced its partnership with Factorial on solid-state battery technology in 2021.

Electrive
Oct 24th, 2024
Dodge Charger Daytona receives solid-state battery for demo purposes

The initiative builds on Stellantis' $75 million investment in Factorial in 2021.

InsideEVs
Sep 10th, 2024
Future Mercedes-Benz EVs May Get Solid-State Batteries With 80% More Range

Mercedes also led a $200 million funding round in 2022 and today Factorial announced a new solid-state battery named Solstice.

Autocar Professional
Sep 10th, 2024
Mercedes partners with Factorial to make solid-state batteries: Report

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.

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