Hyundai Invests in Solid-State Battery Startup Factorial

Investment Solid-State Battery announced United States Dec 15, 2024

USD25M

Deal Value

development

Stage

Hyundai invested $25 million in Factorial, a solid-state battery startup, to accelerate the development of next-generation battery technology for electric vehicles.

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Counterparts (2)

Developer

Factorial

company

Factorial is a Barcelona-based technology company providing an all-in-one business management software solution for HR, payroll, time, talent, finance, and IT processes. Leveraging AI, its platform automates administrative tasks for over 15,000 companies globally, including those in the construction industry.

Investor

Hyundai Motor Group

company · 1 deals

Hyundai Motor Group is a South Korean automotive manufacturer focused on technology innovation for a sustainable future. The company's website highlights its commitment to sustainability and innovation.

Source Intelligence

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Deal Size

Hyundai invested $25 million in Factorial

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Location

Hyundai invested $25 million in Factorial, a solid-state battery startup, to accelerate the development of next-generation battery technology for electric vehicles.

PARTIES MENTIONED IN SOURCE

Hyundai investor

"Hyundai invested $25 million in Factorial"

Factorial developer

"Hyundai invested $25 million in Factorial, a solid-state battery startup"

low quality Enriched Feb 19, 2026

Timeline

Announced

Dec 15, 2024

Signed

Closed

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Source

www.hyundainews.com

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Hyundai Invests in Solid-State Battery Startup Factorial

Counterparts (2)

Source Intelligence

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