Key insights
- Factorial Energy, a US-based solid-state EV battery maker, has debuted on Nasdaq following a SPAC merger valued at $1.3 billion. The company's batteries have demonstrated a real-world range of over 745 miles, with potential applications in EVs, defense, aerospace, and robotics. This listing provides $110 million in gross proceeds to fund growth and commercialization, potentially signaling a positive development for the electric vehicle supply chain and related technology sectors.
https://electrek.co/2026/06/08/solid-state-ev-battery-maker-joins-nasdaq-after-745-mi-range-test/
After completing its business merger with Cartesian Growth Corp III (A SPAC company) on June 8, 2026, Factorial began trading on Nasdaq under the ticker symbols “FAC” and “FACWW.” The merger is expected to be worth $1.3 billion.
Its solid-state batteries have already proven capable of delivering over 745 miles (1,200 km) of real-world driving range. Now, US-based solid-state battery maker Factorial Energy is tapping into public markets to fund its next phase of growth.
“We built Factorial to solve one of the hardest problems in energy – making solid-state real at scale,” CEO Siyu Huang said after announcing the company is now a publicly listed company.
Last September, Mercedes-Benz drove a modified EQS over 745 miles (1,200 km) on a single charge, using solid-state battery cells from Factorial. According to Mercedes’ tech boss, Markus Schäfer, Factorial’s new battery tech could be a true “gamechanger” for electric vehicles. Mercedes said the usable energy of the solid-state battery increased by 25%, while the weight and size were roughly the same as those of a standard EQS.
Factorial has partnerships with Mercedes-Benz, Hyundai, Kia, and Stellantis to develop and bring the next generation of solid-state batteries to market.
Beyond EVs, Factorial plans to supply its solid-state battery cells to other industries, including defense, aerospace, and robotics. Factorial said it will receive around $110 million in gross proceeds to support the continued commercialization of its next-generation batteries for defense & aerospace, hyperscale data centers, and e-mobility.”