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Factorial Inc.

company 1 Deal 1 Partner

Woburn, Massachusetts-based Factorial Energy is a solid-state battery technology company developing high-energy-density batteries for electric vehicles and grid storage applications. The company focuses on advanced battery materials and manufacturing processes, with strategic partnerships with major automotive OEMs.

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Founded 2020
Battery Technology CompanyOEM/Equipment

Strategic Overview

  • Factorial Energy's primary strategic focus is on developing and commercializing its proprietary solid-state battery technology for the automotive sector.
  • The company actively seeks strategic partnerships with major automotive OEMs for joint development, investment, and future supply agreements.
  • While primarily focused on EVs, their solid-state battery technology has potential applications in broader energy storage infrastructure, indicating a future expansion opportunity.

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Deal Activity from Public Sources

Joint development agreement and strategic investment from Mercedes-Benz for solid-state battery technology.
Joint Venture Battery Storage Germany January 2022 with Mercedes-Benz AG
Stellantis Ventures invests in Factorial Energy to accelerate development of solid-state battery technology.
Partnership Battery Storage Netherlands November 2021 with Stellantis N.V.
Hyundai Motor Company and Kia Corporation partner with Factorial Energy to advance solid-state battery technology.
Partnership Battery Storage South Korea October 2021 with Hyundai Motor Company

Investment Focus

Technologies
Battery Storage1
EV Charging1
Geography
Germany1

Key People

Siyu Huang
CEO
Alex Yu
CTO

Track Record

4
Years Active

Detailed Analysis

Technologies
Battery StorageEV Charging
Sectors
Energy TransitionTransport
Geographies
USAGermanySouth KoreaNetherlands
Deal Stage
Greenfield

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