Mercedes-Benz and Stellantis made strategic investments in advanced battery developer Factorial Energy while celluar therapy developer Mana Therapeutics closed its $42m series A round.

Funding

Automotive manufacturers Mercedes-Benz and Stellantis provided an undisclosed amount of funding for US-based solid-state battery developer Factorial Energy yesterday through separate collaboration agreements. Mercedes-Benz said it is supplying a ‘high double-digit amount’ for the company while Stellantis did not reveal details of its investment.

US-based cell therapy developer Mana Therapeutics completed a $42m series A round yesterday, adding $7m from SK Securities, a securities brokerage subsidiary of conglomerate SK Group, and private equity firm J&W Partners. The company had…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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