Full-Time
Updated on 3/13/2025
Develops solid-state batteries for electric vehicles
No salary listed
Senior
Billerica, MA, USA
Factorial Energy develops and sells solid-state batteries, focusing on the automotive industry. Their main product, the Factorial Electrolyte System Technology (FEST®), offers a safer and more efficient alternative to traditional batteries, with higher energy density. This technology is designed for integration into electric vehicles (EVs) by major auto manufacturers and battery producers. Factorial Energy distinguishes itself from competitors through its strong partnerships with leading OEMs and battery manufacturers, as well as its recent expansion into a large-scale production facility. The company's goal is to enhance the performance and manufacturability of EV batteries, positioning itself for growth in the expanding electric vehicle market.
Company Size
51-200
Company Stage
Series D
Total Funding
$242.2M
Headquarters
Woburn, Massachusetts
Founded
2013
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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