Factorial Energy - About the company
Factorial Energy is a series D company based in Woburn (United States), founded in 2013 by Hector Abruna. It operates as a Developer of sustainable solid-state batteries. Factorial Energy has raised $244M in funding from investors like Hyundai Motor Company, Kia and Mercedes-Benz, with a current valuation of $*****. The company has 68 active competitors, including 26 funded and 8 that have exited. Its top competitors include companies like QuantumScape, Solid Power and Ion Storage Systems.
Company Details
Developer of sustainable solid-state batteries. Its various applications, including electric vehicles, homes, and critical infrastructure. Its battery technology is designed to be safe, sustainable, and scalable.
- Website
- factorialenergy.com
- Social
- Email ID
- *****@factorialenergy.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2013
Location
Woburn, United States
Stage
Series D
Total Funding
$244M in 10 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jun 05, 2026
Investors
Ranked
5th among 68 active competitors
Employee Count
133 as on Sep 30, 2026
Similar Companies
Legal entities associated with Factorial Energy
Factorial Energy is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Factorial Inc. CIN: 7504094 , United States, Active | Jul 07, 2019 | - | 27 (As on Dec 31, 2021) | - |
LIONANO INC. CIN: 463998896 , United States, Active | Oct 22, 2013 | - | 19 (As on Dec 31, 2023) | - |
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Factorial Energy's funding and investors
Factorial Energy has raised a total funding of $244M over 10 rounds. Its first funding round was on 2014. Factorial Energy has 18 institutional investors.
Here is the list of recent funding rounds of Factorial Energy:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 07, 2026 | 8451524 | Series D | 6380479 | 7904237 | 5905990 | 9115363 |
Jan 20, 2022 | 3859268 | Series D | 8443615 | 2867377 | 8505296 | 2297571 |
Nov 01, 2021 | 7266334 | Series B | 9790968 | 9600622 | 7768695 |
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Factorial Energy's founders and board of directors
Founder? Claim ProfileThe founders of Factorial Energy is Hector Abruna.
Here are the details of Factorial Energy's key team members:
- Hector Abruna: Co-Founder of Factorial Energy. Contact Info: 1 email address
View details of Factorial Energy's Founder profiles and Board Members
Factorial Energy's employee count trend
Factorial Energy has 133 employees as of Sep 26. Here is Factorial Energy's employee count trend over the years:
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Factorial Energy's Competitors and alternates
Top competitors of Factorial Energy include QuantumScape, Solid Power and Ion Storage Systems. Here is the list of Top 10 competitors of Factorial Energy, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  QuantumScape 2010, San Jose (United States), Public | Developer of solid-state lithium-metal battery technology for electric vehicle applications | $1B | 75/100 | |
2nd | Solid Power 2011, Louisville (United States), Public | Developer of solid-state lithium-ion battery | $182M | 65/100 | |
3rd | Ion Storage Systems 2015, College Park (United States), Series A | Manufacturer of solid-state battery technology for consumer electronics and electric vehicles | $38M | 64/100 | |
4th |  Sakuu 2016, San Jose (United States), Series C | Provider of AI-enabled desktop 3D battery printers for automotive applications | $84.3M | 63/100 | |
5th | Factorial Energy 2013, Woburn (United States), Series D | Developer of sustainable solid-state batteries | $244M | 61/100 | |
6th |  BTRY 2023, Dubendorf (Switzerland), Seed | Developer of thin film solid state batteries | $6.84M | 59/100 | |
7th |  LionVolt 2020, Eindhoven (Netherlands), Series A | Provider of lithium-ion battery | $32.2M | 54/100 | |
8th | Developer of all-solid-state lithium battery technology for the electromobility sector | $10.4M | 52/100 | ||
9th | Ilika 2004, Chilworth (United Kingdom), Public | Platform offering batteries for electric cars | - | 49/100 | |
10th |  Chongqing Tailan New Energy 2021, Chaoyang (China), Series B | Manufacturer of solid state lithium batteries and battery component materials | $57.2M | 47/100 |
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Factorial Energy's Investments and acquisitions
Factorial Energy has made no investments or acquisitions yet.
Reports related to Factorial Energy
Here is the latest report on Factorial Energy's sector:
News related to Factorial Energy
Filter this listMedia has covered Factorial Energy for a total of 27 events in the last 1 year, 9 of them have been about company updates and 8 about partnerships.
•
Factorial Energy Partners with Mitsui Kinzoku to Scale Solid-State Battery TechnologyElectrek•Sep 17, 2026•MITSUI MINING & SMELTING, Factorial Energy
•
Factorial Energy and Tulip Tech Group Form Strategic Partnership for Drone BatteriesBatteriesnews•Aug 08, 2026•Factorial Energy
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Factorial Energy and SK On Partner to Accelerate Solid-State Battery CommercializationElectric Cars Report•Jul 30, 2026•Factorial Energy
•
Factorial Secures First Commercial Aerospace Order for Advanced Battery Cells from U.S. Drone ManufacturerGlobeNewswire•Jul 24, 2026•Factorial Energy
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Factorial and Tulip Seal Strategic Partnership After Successful Drone Flight TestGlobeNewswire•Jul 13, 2026•Tulip, Factorial Energy
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Factorial Energy Announces CEO Participation in Water Tower Research Fireside ChatQuiver Quantitative•Jul 09, 2026•Factorial Energy
•
Factorial Energy (FAC): Among the Best Stocks to Buy According to Billionaire Glenn Dubin’s Highbridge CapitalInsidermonkey•Jul 01, 2026•Factorial Energy
•
Stellantis and Factorial Begin Real-World Testing of Solid-State Batteries for EVsGlobal Village Space•Jun 12, 2026•Stellantis, Factorial Energy
•
Factorial and Cartesian Growth Corporation III Announce Approval of Business Combination by Cartesian Growth ShareholdersGlobeNewswire•May 27, 2026•Cartesian Growth Corporation, Factorial Energy
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