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Factorial Energy
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Developer of solid-state batteries

Founded in 2020
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Company type Private Public ()
Company type

Industry Group energy & power

Sector energy storage

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Woburn, MA Woburn, United States
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Updated by Cleantech Group on 01/21/2022

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Date Company
Partnerships
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Date Partner Type
10/24/2024
Stellantis Stellantis
Partnership to launch demonstration fleet equipped with Factorial solid-state batteries
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Confirmed by Stellantis
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IPO INFORMATION

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Description

Date Investors Type Amount
01/20/2022 Mercedes-Benz Mercedes-Benz , Stellantis Stellantis (2)
Post-money valuation of
Funding will be used to accelerate commercial production and deployment of Factorial’s solid-state battery technology that is safer and offers up to 50 percent greater driving range than current lithium-ion technology.
Growth Equity $200,000,000
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