Factorial Energy Raises $200 Million To Accelerate Commercialization Of Its Novel Solid-State Batteries For Electric Vehicles
Factorial Energy Raises $200 Million To Accelerate Commercialization Of Its Novel Solid-State Batteries For Electric Vehicles
01/20/22, 6:00 AM
Money raised
$200 million
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.