Factorial Energy

United States · Semiconductors

Factorial Energy is a U.S.-based company with a global presence, including operations in Germany, Korea, and Japan. Founded in 2013 as a spin-out from Cornell University, it focuses on research and development, manufacturing, sales, and supply chain management. The company specializes in solid-state battery technology aimed at enhancing electric vehicle performance. The solid-state batteries developed by Factorial Energy are designed for safety and efficiency, offering longer ranges per charge and competitive costs compared to traditional lithium-ion batteries. Their proprietary Factorial Electrolyte System Technology (FEST) utilizes a solid electrolyte material, ensuring reliable performance at room temperature. The company has achieved significant milestones, including the unveiling of a 100+Ah solid-state battery cell in 2023 and shipping Automotive B-Sample batteries for testing in 2024. Factorial Energy collaborates with major automotive companies like Mercedes-Benz, Stellantis, and Hyundai Motor Company through joint development agreements. The company is committed to sustainability and ethical business practices, aiming to create a safer and more sustainable future in mobility.