StoryFunding
Factorial Energy raises $200M from Mercedes-Benz and Stellantis in strategic investment and partnership
Factorial Energy closed a $200M Series D investment from Mercedes-Benz and Stellantis. Both automakers signed joint development agreements to commercialize Factorial's FEST solid-state batteries in production vehicles, marking a major vote of confidence in the technology.
- Mercedes-Benz and Stellantis both invested as strategic partners.
- Joint development agreements cover vehicle integration and testing.
- Hyundai Motor Group (Hyundai and Kia) also signed development agreements.