Factorial Inc.

Based in the US, Factorial Energy is an innovative company focused on developing advanced solid-state batteries for the automotive sector, enhancing electric vehicle performance and safety through cutting-edge technology. Founded in 2019 and headquartered in Billerica, US, Factorial Energy specializes in producing solid-state battery cells exceeding 40 Ah capacity for automotive applications. In January 2026, Factorial Energy raised a venture funding from investor POSCO FUTURE M. The co-founders, Alex Yu, Héctor D.

Abruña and Siyu Huang (CEO as of 2026), have targeted major global markets including North America, Europe, and Asia for their innovative battery solutions. Factorial Energy specializes in the development of high-performing solid-state batteries, aimed at overcoming the inherent limitations of conventional lithium-ion battery technology. Their flagship products are solid-state battery cells with capacities exceeding 40 Ah, designed for automotive applications. These batteries are characterized by their enhanced safety and performance metrics and are engineered for compatibility with existing production facilities, facilitating a quicker market entry.

The company serves a diverse client base that includes top-tier automotive manufacturers, who utilize Factorial's technology to enhance electric vehicle (EV) range, efficiency, and safety. Factorial Energy generates revenue primarily through partnerships with automotive manufacturers, leveraging a Business-to-Business (B2B) transaction model. These partnerships involve supplying solid-state battery cells to original equipment manufacturers (OEMs) for integration into their electric vehicle offerings. Long-term contracts with tiered pricing structures based on volume and specific product configurations underpin Factorial's revenue streams, aligning with the company's innovations in solid-state technology.

The Company plans to use the recent January 2026 funding to secure a stable supply of high-quality all-solid-state battery materials and strengthen its battery manufacturing competitiveness.