Factorial Energy Lists on Nasdaq with $1.3B Valuation and $100M Capital Raise
FAC•Factorial Energy completed its SPAC merger and began Nasdaq trading on June 8, 2026 with an implied equity value of $1.3 billion and $100 million in gross proceeds for solid-state battery scale-up. Backed by leading automakers and national security investors, it will commercialize batteries via joint manufacturing partnerships.
1. Business Combination and Nasdaq Listing
Factorial Energy completed its previously announced business combination with Cartesian Growth Corporation III on June 8, 2026, entering public markets under Nasdaq tickers FAC and FACWW. The transaction implies an equity value of approximately $1.3 billion and generated over $100 million in gross proceeds to fund commercialization of its FEST® and Solstice™ solid-state battery platforms.
2. Commercialization and Partnerships
The company’s capital-light model leverages joint manufacturing partnerships for rapid scale-up across defense & aerospace, hyperscale data centers and e-mobility. Factorial’s technology has advanced to real-world vehicle integrations, high-performance drones and is progressing toward the first U.S. solid-state production program for passenger vehicles, supported by backing from Mercedes-Benz, Stellantis, Hyundai and Kia.
3. Leadership, Milestones and Events
Factorial’s management team is led by CEO Siyu Huang with oversight from Executive Chairman Joe Taylor and industry veteran Dieter Zetsche. To mark its Nasdaq debut, the company will ring the opening bell on June 17 and display demonstration vehicles and cells outside the exchange, highlighting its progress toward scalable solid-state deployment.
