Factorial Energy, a Massachusetts-based battery start-up, is set to list on the stock exchange in mid-2026, following a deal that values the company at $1.1 billion. The transaction will provide Factorial with an initial $100 million in capital to accelerate the production of its advanced batteries. The company's CEO, Siyu Huang, stated that the batteries could be integrated into cars as early as 2027.

The listing is the result of a merger with Cartesian Growth Corporation III, a special purpose acquisition company (SPAC). This move avoids the traditional initial public offering (IPO) process and allows Factorial to access the capital it needs to scale up production. The company's batteries, which use solid-state technology, are designed to store more energy than current devices and can charge faster, enabling electric vehicles to travel as far as conventional gasoline-powered cars.

Factorial's listing is expected to have a significant impact on the electric vehicle (EV) market, which is rapidly expanding globally. The company's batteries have the potential to address some of the key challenges facing the EV industry, including range anxiety and charging times. The listing is also seen as a vote of confidence in the company's technology and its ability to meet the growing demand for EV batteries.

Factorial Energy was founded in 2016 and has since received significant investment from various sources, including Mercedes-Benz, which has partnered with the company to develop advanced batteries for its vehicles. The company's technology has the potential to disrupt the traditional battery market and establish Factorial as a major player in the EV industry.

Following the listing, Factorial plans to use the capital it has raised to accelerate the production of its batteries and meet the growing demand from EV manufacturers. The company's CEO, Siyu Huang, stated that the listing is an "inflection point" in the company's commercialization and marks a significant milestone in its journey to become a leading player in the EV industry.