Stellantis announces completion of investment round in Factorial Energy.
Auto Business News-January 21, 2022--Stellantis announces completion of investment round in Factorial Energy
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Auto Business News - 21 January 2022
Netherlands-based automaker Stellantis NV, via its affiliate, announced the completion of its investment round in US-based Factorial Energy.
The move is part of Factorial Energy's Series D round of funding, along with other investors.
Factorial said that the proceeds will be utilised to expedite commercial production and deployment of its solid-state battery technology and provide up to 50 percent greater driving range than present lithium-ion technology. Factorial is building a...
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