Stellantis and Mercedes-Benz invest in Factorial Energy to accelerate commercialization of solid-state batteries

Stellantis and Mercedes-Benz participated in the D round of financing for battery startup Factorial Energy, investing $200 million together. The move is aimed at accelerating the commercialization of solid-state batteries. Factorial Energy's new factory in Massachusetts has begun operations, mainly producing 100Ah factorial electrolyte system technology (FEST) solid-state batteries.