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§ Private Profile · Woburn, MA, USA
Developing solid-state batteries with polymer electrolytes and lithium-metal anodes for EVs, enabling higher energy density.
Based in Methuen and Woburn, Massachusetts, Factorial Energy develops solid-state batteries utilizing polymer-based solid electrolytes and lithium-metal anodes for the electric vehicle market. The venture-funded deep tech startup has raised over $65 million in total funding to support the commercialization of its high-energy-density battery technology, reaching an impressive valuation of $1 billion. Focusing on scaling its proprietary technology for a greener future, the company notably emerged from stealth mode in 2021 to announce a new 40 Ah 30-layer battery cell prototype. Factorial Energy is backed by institutional investors including Gatemore Capital Management and Wave Equity Partners, with its core technology originally stemming from research conducted at Cornell University. Originally established in 2013 as Lionano before spinning out its current operations in 2019, the company was founded by CEO Siyu Huang, Alex Yu, and Hector Abruna.
Factorial Energy has raised $200.0M across 1 funding round.
Factorial Energy has raised $200.0M in total across 1 funding round.
Factorial Energy has raised $200.0M in total across 1 funding round.
Factorial Energy's investors include Markus Schäfer, Carlos Tavares.
Factorial Energy has raised $200.0M across 1 funding round. Most recently, it raised $200.0M Series D in January 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 20, 2022 | $200M Series D | Markus Schäfer, Carlos Tavares | — | Announced |