Factorial Energy is a pioneering startup that operates in the energy sector, specifically focusing on the development and commercialization of solid-state batteries. The company has been investing heavily in research and development over the past six years, resulting in the creation of their proprietary Factorial Electrolyte System Technology (FEST®). This technology is a new type of battery that is safer, more efficient, and has a higher energy density than traditional batteries.

Factorial Energy's primary market is the automotive industry, where they work with some of the world's largest auto Original Equipment Manufacturers (OEMs) and battery manufacturers. Their business model is centered around the production and sale of their FEST® system to these manufacturers, who then incorporate the technology into their electric vehicles (EVs). The company's solid-state batteries are set to debut in the high-spec market, serving as a test for their performance and manufacturability.

The company has recently expanded its operations by opening a new 67,000 square foot factory, signaling a significant step towards large-scale production. Factorial Energy's strategy is built on successful collaboration along the supply chain, partnering with major auto OEMs, battery manufacturers, and strategic material suppliers.

In summary, Factorial Energy is a promising startup that is poised to revolutionize the EV battery market with its innovative solid-state battery technology. The company's strong partnerships and customer-driven approach position it well for future growth in the rapidly expanding electric vehicle market.

Keywords: Factorial Energy, solid-state batteries, Factorial Electrolyte System Technology (FEST®), electric vehicles, automotive industry, Original Equipment Manufacturers (OEMs), battery manufacturers, strategic material suppliers, high-spec market, large-scale production.