Factorial Energy raises $200M to accelerate commercialization of solid-state batteries for EVs; round led by Mercedes, Stellantis
Green Car Congress
JANUARY 21, 2022
Factorial Energy (Factorial) has raised $200 million as part of a Series D round of funding that was led by Mercedes-Benz and Stellantis 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% greater driving range than current lithium-ion technology.
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