Factorial Drives Solid-State Battery Expansion to Drones and Robotics with IQT and Strategic Partners
BOSTON–(BUSINESS WIRE)–Factorial Inc. (“Factorial”), a leader in solid-state battery technology, and Cartesian Growth Corporation III (“Cartesian III”) announced that Factorial has received strategic investments from IQT, Philenergy, and POSCO Future M. This funding accelerates Factorial’s expansion in high-growth sectors, including drones and mobile robotics.
IQT, the not-for-profit strategic investor for the U.S. national security community and America’s allies, joins Philenergy and POSCO Future M, two key battery supply chain partners. Together, they reinforce Factorial’s development of a resilient battery ecosystem aligned with trusted allies and secure supply chains.
Siyu Huang, CEO of Factorial, said:
Energy performance is becoming a major limiting factor in mobility and intelligent systems,
“From unmanned aerial vehicles (“UAVs”) to robotics, incremental improvements are no longer sufficient. Support from IQT, Philenergy, and POSCO Future M accelerates our growth, particularly in the strategic drone segment.”
This investment underscores the critical role of Factorial in bolstering U.S. supply chain resilience and global competitiveness. Factorial’s solid-state batteries deliver high energy density and lightweight performance that dramatically extend operational range in demanding environments. This performance profile positions the Company’s technology as a preferred alternative to conventional lithium-ion solutions where range, weight, and thermal performance are critical.
Brian Smith, Senior Partner at IQT, said:
The ability of Factorial’s solid-state batteries to deliver high power and operate in low temperature environments makes them very attractive for use in high-altitude or high-latitude applications,
“We are delighted to be able to help the company accelerate and expand its footprint into the drone, UAV, and mobile robotics market.”
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Factorial Drives Solid-State Battery Expansion to Drones and Robotics with IQT and Strategic Partners, source
