US-based EV battery startup Factorial Energy raises USD200 million in Series D funding round

Corporate developments

The funding round was led by Stellantis and Mercedes-Benz as part of the joint development agreements the two companies had announced recently

Solid-state EV battery technology startup Factorial Energy has raised USD200 million in as part of its series-D funding round that was led by Mercedes-Benz and Stellantis N.V., the company said in an official statement on 20 January 2022.

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