- Factorial Energy completed its merger and began trading on Nasdaq under the FAC ticker.
United States-based battery technology developer Factorial Energy has finalized its previously announced business combination with Cartesian Growth Corporation III. Following the completion of the transaction on June 8, the company will continue operations as Factorial Energy Inc. Its common stock and warrants are now listed on the Nasdaq Stock Market under the ticker symbols FAC and FACWW, respectively. The milestone marks a significant step in the company's strategy to scale advanced solid-state battery technologies and strengthen its position within the evolving mobility and energy storage landscape.
The completed transaction values the company at approximately USD 1.3 billion in equity and delivers more than USD 100 million in gross proceeds. These funds are expected to support the commercialization of Factorial Energy’s next-generation battery technologies across defense and aerospace applications, data center energy storage solutions, and e-mobility markets. The additional capital is also intended to accelerate manufacturing readiness and support broader deployment efforts as demand for high-performance battery systems continues to expand across multiple industries.
Factorial Energy remains focused on advancing what has been described as the first U.S. solid-state battery production program for passenger vehicles. This initiative was previously announced during the first quarter of 2026 in collaboration with Karma Automotive. The program represents a key milestone in the commercialization pathway for solid-state batteries, a technology widely regarded as a potential advancement over conventional lithium-ion systems due to its ability to enhance energy density, safety, and overall vehicle performance.
The company has also demonstrated progress through its collaboration with Mercedes-Benz. During the third quarter of 2025, the automaker integrated Factorial’s FEST battery cells into a modified EQS test vehicle. The demonstration vehicle successfully completed a 1,205-kilometer journey from Germany to Sweden on a single charge. The achievement highlighted the potential capabilities of the technology and provided a practical demonstration of long-range electric mobility enabled by advanced solid-state battery solutions.
Transaction and Commercialization Overview
| Key Item | Details |
|---|---|
| Company Name | Factorial Energy Inc. |
| Stock Ticker | FAC |
| Warrant Ticker | FACWW |
| Implied Equity Value | Approximately USD 1.3 Billion |
| Gross Proceeds | More than USD 100 Million |
The public listing and funding provide Factorial Energy with additional resources to advance commercialization activities while supporting future development programs. With growing interest in next-generation battery technologies from automotive, industrial, and energy sectors, the company is positioning itself to expand production capabilities and accelerate the deployment of solid-state battery solutions in real-world applications.
Frequently Asked Questions
What is the significance of Factorial Energy becoming a publicly traded company?
Factorial Energy’s public listing provides access to capital needed to accelerate commercialization efforts and expand production capabilities. The completed transaction generated more than USD 100 million in gross proceeds and established an implied equity value of approximately USD 1.3 billion. These resources are expected to support the development and deployment of solid-state battery technologies across passenger vehicles, defense and aerospace applications, data centers, and broader e-mobility markets while strengthening the company’s long-term growth strategy.
What achievement did Mercedes-Benz demonstrate using Factorial’s battery technology?
Mercedes-Benz integrated Factorial’s FEST solid-state battery cells into a modified EQS test vehicle and completed a 1,205-kilometer trip on a single charge. The journey connected Stuttgart in Germany with Malmö in Sweden and showcased the potential of advanced solid-state battery technology. The demonstration highlighted the capability of the cells to support long-range electric mobility and reinforced confidence in the commercial viability of next-generation battery systems for future passenger vehicle applications.
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