车用固态电池公司Factorial估值13亿美元，奔驰和道奇将其固态电池装上道路

做的是什么生意

Factorial Energy develops solid-state battery cells (quasi-solid FEST and all-solid Solstice platforms) for EVs, drones, defense and energy storage, with Mercedes-Benz, Stellantis, Hyundai and Kia as strategic investors.

启动资金：Series D of $200M led by Mercedes-Benz and Stellantis (Jan 2022, per Nasdaq release); June 2026 SPAC close brought over $100M gross proceeds at a $1.3B equity value (Factorial IR).

起因

Lionano, Factorial's predecessor, was founded in 2013 at Cornell by Siyu Huang, Alex Yu and professor Héctor Abruña. After a 2019 meeting with ex-Panasonic boss Joe Taylor — who told them cathodes were a commodity but solid-state had potential — the company rebranded as Factorial in April 2021 and, by the end of that year, had 40 Ah room-temperature solid-state cells and joint development agreements with three top-10 automakers.

经过

The January 2022 $200M Series D funded a 200 MWh pilot plant near Boston — opened October 2023 as the largest solid-state line in the US. B-samples of 106+ Ah cells (391 Wh/kg) went to Mercedes in June 2024, and all-solid Solstice cells hit 40 Ah with dry cathodes in December 2024. In August 2025 a Mercedes EQS with FEST cells drove 1,205 km from Stuttgart to Malmö without recharging, and in June 2026 Stellantis began road-testing FEST cells in a Dodge Charger Daytona — the first automotive solid-state integration in North America.

结果

Public since June 8, 2026 (Nasdaq: FAC) at a $1.3B equity value after a SPAC close. Road-testing programs with Mercedes and Stellantis are running, and the company is expanding into drones, defense and data centers — but series production of solid-state cells is still ahead.

可借鉴之处

在拥有工厂之前就把电芯装进真实车辆：奔驰和道奇承担了验证成本，而“可嵌入”的制造故事让车企既是投资者又是客户。