What is Factorial?
Factorial is a high-growth technology firm specializing in the engineering of solid-state batteries designed to address the critical limitations of current lithium-ion solutions. By leveraging a unique electrolyte material, the company aims to deliver superior energy density, extended range, and enhanced safety profiles for the next generation of electric mobility. Factorial occupies a pivotal position in the clean energy supply chain, serving as a critical innovation partner for major automotive manufacturers. Its market position is bolstered by high-profile joint development agreements with industry titans such as Mercedes-Benz, Stellantis, and Hyundai Motor Company, signaling a transition from laboratory-scale research to industrial-scale manufacturing readiness.
How much funding has Factorial raised?
Factorial has raised a total of $240M across 2 funding rounds:
Series A
$40M
Series D
$200M
Series A (2021): $40M with participation from Gatemore Capital Management and WAVE Equity Partners
Series D (2022): $200M led by Stellantis and Mercedes-Benz AG
Key Investors in Factorial
Stellantis
Stellantis N.V. is a multinational automotive manufacturing corporation formed by the merger of Groupe PSA and Fiat Chrysler Automobiles, actively investing in electrification technologies.
Mercedes-Benz AG
A premier German manufacturer of luxury passenger cars and utility vehicles, focusing on integrating advanced battery technology into its premium electric vehicle lineup.
WAVE Equity Partners
WAVE Equity Partners is an ESG-focused investment firm that backs growth-stage companies developing sustainable technologies to drive industrial decarbonization.
What's next for Factorial?
With the recent influx of capital, Factorial is well-positioned to scale its manufacturing capabilities and transition toward mass-market adoption. The strategic focus will likely center on optimizing production yields and refining the supply chain to meet the rigorous demands of its automotive partners. As the global transition to electric vehicles accelerates, Factorial's ability to deliver a commercially viable solid-state battery will be the primary determinant of its long-term market dominance. Future milestones will likely involve the expansion of pilot production facilities and the integration of its battery cells into upcoming electric vehicle platforms, further cementing its role as a cornerstone of the sustainable transportation ecosystem.
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