About Factorial Energy
Factorial Energy is a company based in Woburn (United States) founded in 2013 by Hector Abruna, Siyu Huang, and Alex Yu.. Factorial Energy has raised $244.19 million across 11 funding rounds from investors including Kia, Hyundai Motor Company and Mercedes-Benz. Factorial Energy offers products and services including Solid-State Batteries and FEST Services. Factorial Energy operates in a competitive market with competitors including Electrovaya, Solid Power, QuantumScape, VARTA and Cuberg, among others.
- Headquarter Woburn, United States
- Founders Hector Abruna, Siyu Huang, Alex Yu
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$244.19 M (USD)
in 11 rounds
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Latest Funding Round
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Investors
Kia
& 9 more
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Employee Count
Employee Count
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Products & Services of Factorial Energy
Factorial Energy offers a comprehensive portfolio of products and services, including Solid-State Batteries and FEST Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-performing batteries for electric vehicles and safety-focused applications.
Customizable services for battery specifications and product testing.
Unlock access to complete
Funding Insights of Factorial Energy
Factorial Energy has successfully raised a total of $244.19M across 11 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Last Round
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2026 | Amount | Series D - Factorial Energy | Valuation |
investors |
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| Jan, 2022 | Amount | Series D - Factorial Energy | Valuation | Mercedes-Benz , Stellantis |
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| Nov, 2021 | Amount | Series B - Factorial Energy | Valuation | Stellantis |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Factorial Energy
Factorial Energy has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Kia, Hyundai Motor Company and Mercedes-Benz. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Impact-focused growth equity investments are made in sustainable industrial solutions.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Factorial Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Factorial Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Factorial Energy Comparisons
Competitors of Factorial Energy
Factorial Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Electrovaya, Solid Power, QuantumScape, VARTA and Cuberg, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Lithium-ion batteries and management systems are manufactured for key industries.
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| domain | founded_year | HQ Location |
Solid-state lithium-ion batteries are developed with solid electrolyte layers.
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| domain | founded_year | HQ Location |
Solid-state lithium-metal batteries are manufactured with anode-less cell design.
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| domain | founded_year | HQ Location |
Lithium-ion batteries and storage systems are manufactured for diverse applications.
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| domain | founded_year | HQ Location |
Lithium-ion batteries are developed using a patented solid electrolyte.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Factorial Energy
Frequently Asked Questions about Factorial Energy
When was Factorial Energy founded?
Factorial Energy was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Factorial Energy located?
Factorial Energy is headquartered in Woburn, United States. It is registered at Woburn, Massachusetts, United States.
Who is the current CEO of Factorial Energy?
Siyu Huang is the current CEO of Factorial Energy. They have also founded this company.
Is Factorial Energy a funded company?
Factorial Energy is a funded company, having raised a total of $244.19M across 11 funding rounds to date.
What does Factorial Energy do?
Factorial Energy was founded in 2013 and is based in Woburn, United States. Solid-state batteries are developed for applications in electric vehicles, homes, and critical infrastructure within the energy sector. Operations center on creating technology that emphasizes safety, sustainability, and scalability. The companys work addresses needs in advanced battery systems for diverse power requirements.
Who are the top competitors of Factorial Energy?
Factorial Energy's top competitors include Ion Storage Systems, Solid Power and QuantumScape.
What products or services does Factorial Energy offer?
Factorial Energy offers Solid-State Batteries and FEST Services.
Who are Factorial Energy's investors?
Factorial Energy has 10 investors. Key investors include Kia, Hyundai Motor Company, Mercedes-Benz, New York State, and Stellantis.