logo
logo

Factorial Energy Raises $200 Million To Accelerate Commercialization Of Its Novel Solid-State Batteries For Electric Vehicles

Jan 20, 2022over 3 years ago

Amount Raised

$200 Million

Description

Factorial Energy (Factorial) has raised $200 million as part of a Series D round of funding that was led by Mercedes-Benz (DAI) and Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA). Funding will be used to accelerate commercial production and deployment of Factorial’s solid-state battery technology that is safer and offers up to 50 percent greater driving range than current lithium-ion technology.

Company Information

Company

Factorial Energy

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech