Cornell University Chemistry & Chemical Biology

A startup founded by Cornell alumni and a professor, inspired by a class in the Cornell SC Johnson College of Business and nurtured through Cornell’s entrepreneurship ecosystem, began trading on the Nasdaq Stock Market June 8 following a $1.3 billion valuation.

Factorial Energy, a solid-state battery developer which aims to power the next generation of electric vehicles, drones and robots, went public following its merger with Cartesian Growth Corporation III, a special-purpose acquisition company designed to help private businesses become publicly traded firms.

Lionano, the company that preceded Factorial, was founded in 2013 by Siyu Huang, Ph.D. ’12, MBA ’14, CEO of Factorial; Alex Yu, Ph.D. ’14, chief technology officer of Factorial; and Héctor D. Abruña, the Emile M. Chamot Professor of Chemistry and Chemical Biology in the College of Arts and Sciences, and Factorial’s adviser.

https://news.cornell.edu/stories/2026/07/how-cornell-startup-scaled-13-billion-battery-tech

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https://chemistry.cornell.edu/news/two-students-awarded-prestigious-goldwater-scholarship

Two Students Awarded Prestigious Goldwater Scholarship | Department of Chemistry and Chemical Biology Two Students Awarded Prestigious Goldwater Scholarship