Market Research Report on Factorial Inc
1. Company Overview
Company Information
- Name: Factorial Inc.
- Mission:
"Every action we take is driven by our mission to transform the world into a cleaner, renewable environment for generations to come. Together, we’re creating progress that lasts."
Founding Information
- Founded By: No information is available.
- Founded Year: No information is available.
Key Personnel
- CEO: Carlos Tavares
- COO and Board of Management Member: Markus Schäfer
- SVP and Head of CRADLE Silicon Valley: Henry Chung
- Other Co-founder and CEO: Siyu Huang
Headquarters
- Location: 19 Presidential Way Suite 103 Woburn, MA
Employees
- Number of Employees: No information is available.
Financials
- Revenue: No information is available.
Recognition
- Notable Rankings:
- Top 100 Private Deep Tech Companies | Ranked #25
- Tech Power Players 50 | Ranked #24
2. Products
Solid-State Batteries
Overview
Factorial Inc. specializes in high-performing, safe solid-state batteries. Their core technology platform is Factorial Electrolyte System Technology (FEST®), which marks a significant leap in battery innovation focusing on performance and safety.
FEST® (Factorial Electrolyte System Technology)
Description
FEST® combines a lithium-metal anode, quasi-solid electrolyte technology, and a high-capacity cathode to create next-generation solid-state batteries.
Key Features
- Improved range for electric vehicles
- Enhanced safety features
- Weigh significantly less than conventional Li-ion batteries
- Smaller and more efficient design
3. Recent Developments
New Product Launches and Developments
1. B-Samples of Lithium-Metal Solid-State Battery Cells:
- Delivered To: Mercedes-Benz
- Date: June 5, 2024
2. Partnerships:
- With Young Poong: To advance research into lithium-metal recycling for solid-state batteries.
- With LG Chem: Signed an MOU on April 23, 2024, to develop solid-state batteries.
3. Facility Expansion:
- Move to Methuen: Preparing for a big move to a new facility for expanded battery production.
Blog and Thought Leadership
- August 6, 2024: Blog titled "eVTOLs Can Slash Emissions, But Need Better Batteries" by Siyu Huang.
- March 7, 2024: Blog titled "How Solid-State Batteries Will Fuel America’s Desire For Bigger, Better EVs" by Siyu Huang.
- February 27, 2024: Guest commentary "An EV battery for every purse and purpose" by Siyu Huang.
4. Contact Information
Address
- Physical Address: 19 Presidential Way Suite 103 Woburn, MA
- Phone: +1 617-315-9733
Social Media
- LinkedIn: [Factorial Inc. LinkedIn](https://www.linkedin.com/company/factorial-inc/)
Report Prepared By: [Your Name]
Market Research Analyst, [Your Company]
This report is for internal use and dissemination to [Your Company's] stakeholders.
