Cartesian Growth Corporation Iii · NASDAQ:CGCT
Cartesian Growth Corporation Iii — Cartesian Growth Corp III — SPAC Merger (March 2026)
34 slides from Cartesian Growth Corporation Iii's SPAC merger presentation, Mar 24, 2026
Slide 1: Powering a Trillion-Dollar Shift in Mobility & Intelligence
Powering a Trillion - Dollar Shift in Mobility & Intelligence Factorial Inc. Solid - State Batteries for Transportation, Defense, & Robotics Investor Presentation | March 2026
Slide 2: Disclaimer
2 This Presentation (together with oral statements made in connection herewith, the “Presentation”) is for informational purposes with respect to a proposed business combination (the “Business Combination”) between Cartesian Growth Corporation III (“CGCIII”) and Factorial Inc, a Delaware corporation
Slide 3: Forward-Looking Statements
3 These forward - looking statements are based upon estimates and assumptions that, while considered reasonable by CGCIII, the Company and their respective management, as the case may be, are inherently uncertain and subject to material change . New risks and uncertainties may emerge from time to ti
Slide 4: A Compelling Opportunity
4 • World - leading solid - state battery developer • IP - protected technology o Increases energy density by up to 80% o Reduces weight by up to 50% • Marquee partners, shareholders, & customers • Products validated, delivered, & in active road tests • US headquartered • Compelling investment oppor
Slide 5: Our Opportunity
Early adoption in defense & robotics Accelerates e - mobility adoption Sets new standards & catalyzes innovation Enables energy storage penetration Reduces $/kWh Drives battery volume Our Opportunity 5
Slide 6: The World Runs on Batteries
6 The World Runs on Batteries • Global battery demand growing exponentially – in 2024, surpassed 1 Terawatt hour • Growth, innovation, & new applications expected to push demand to 5 Terawatt hours in 5 years 5x growth 2025 2030 1TWh 5TWh 2015 Source: IEA, RMI, McKinsey & Company
Slide 7: Conventional Li-ion Batteries Are Reaching Their Limits
7 But Conventional Li - ion Batteries Are Reaching Their Limits Energy density ( Wh /l) Lithium - ion Cell Energy Density Over Time Source: derived from Energy & Environmental Science
Slide 8: Our Solutions
r Our Solutions Factorial°
Slide 9: Our Solid-State Solutions Increase Energy Density by up to 80%
9 Our Solid - State Solutions Increase Energy Density by up to 80% 9 FEST ® High Power Solid - State Current Liquid Li - Ion Solstice High Cycle All - Solid - State Energy Density (Wh/kg) Energy Density ( Wh /kg) = 50Wh/kg Anode Current Collector Cathode Cathode Current Collector S eparator Anode An
Slide 10: Validated Technology with Multi-Sector Scalability
10 Validated Technology with Multi - Sector Scalability Immediate High Spec Applications* ~ $2 - 5 billion Industry Validation Anchors Growth in EV $200+ billion The New Standard of Global Battery Industry Source: Prophecy Market Insights, Drone Battery Market, Company *: Assuming ~10 - 15% market s
Slide 11: High-Performance Drones Powered by Factorial
11 • Factorial provides solid - state battery cells to Avidrone Aerospace for drone integration • Preliminary models show potential to double drone range with the same payload • Offers up to 80% more energy density , ideal for high - performance Unmanned Aerial Systems (UAS) • The global UAS market
Slide 12: Long-Distance Drive with Solid-State Battery System
LONG-DISTANCE DRIVE WITH SOLID-STATE BATTERY SYSTEM DEPLOYING LITHIUM METAL ANODE CELL Engineered by Mercedes-Benz Copenhagen | Hamburg Stuttgart Frankfurt = = = a _—_ Compensation 12
Slide 13: Stellantis Demonstration Fleet
13 • Plans to integrate solid - state battery into a demo fleet built on the STLA Large platform • Objective is to verify performance, durability, and integration in real world driving conditions • Marks a key milestone in advancing SSB technology toward market readiness Stellantis 2026 Dodge Charge
Slide 14: Backed by Industry Giants. Built for Global Scale.
2024 Market Share by EV Sales (US and Europe) Backed by Industry Giants. Built for Global Scale. Additional Industry Partners (Supply Agreement, MoU or Investment) *EV sales include Battery EV, Hybrid EV, Plug - in Hybrid EV; Source: Company 14 Driving business resilience through localization and di
Slide 15: Factorial Secures Investment From IQT and Leading Strategic Partners
Factorial Secures Investment From IQT and Leading Strategic Partners 15 New investment helps drive solid - state battery expansion into Unmanned Aerial Vehicles (UAVs) and Robotics • Investments from In - Q - Tel (“IQT”) , Philenergy , and POSCO Future M to advance our solid - state battery commerci
Slide 16: Our Technology Multiplies Addressable Markets
16 Proven by Automotive, Scaling through Defense, AI, & Robotics – Our Technology Multiplies Addressable Markets Defense & Aviation Unmanned aerial & sub - sea drones & ground vehicles AI - Computing & Robotics Factory automation, robotics, & consumer Energy Storage Data centers, off - grid energy s
Slide 17: Our Business Model
r Our Business Model Factorial® 7
Slide 18: Capital Light: Commercialization Path
18 Capital Light: Commercialization Path Business Model Design & Engineering Industrial Partners Contract Manufacturers Existing In - House Capacity Manufacturing Automotive OEMs High Spec Customers Customers Joint Manufacturing Model Overview • IP License • Material Supply • Technology Engineering
Slide 19: Capital Light: FEST Utilizes 80% of Conventional Li-Ion Equipment
19 Capital Light: FEST ® Utilizes 80% of Conventional Li - Ion Equipment Electrode Manufacturing Cell Assembly Production Process Process Steps Li - Ion Process Factorial Process Cell Finishing Cell Stack Cathode Anode FEST ® uses conventional Li - Ion cell assembly and cell finishing equipment and
Slide 20: Our Leadership Team & Industry Leadership
20 Our Leadership Team & Industry Leadership 20
Slide 21: Founders & Management, Board Members & Senior Advisors
21 Jason Duva General Counsel VP Government Relations Siyu Huang, Ph.D./M.B.A. Founder & CEO , Board Director Alex Yu, Ph . D . Founder & CTO , Board Director Raimund Koerver , Ph.D. Vice President, Business Development Joe Taylor Executive Chairman of the Board Former Chairman / CEO of Panasonic No
Slide 22: Our Industry Leadership: A Track Record of Firsts
22 Our Industry Leadership: A Track Record of Firsts Q2 2021 Q2 2023 First UN 38.3 certification (100+Ah) lithium solid - state battery cell Q4 2024 First public agreement for demo fleet with a global automotive OEM (Stellantis) Q2 2025 First validation of automotive - size solid state battery cells
Slide 23: Investment Opportunity
rr Investment Opportunity Factorial”
Slide 24: A Compelling Opportunity
24 A Compelling Opportunity • Factorial is combining with Cartesian Growth Corporation III (“CGCIII”), a Nasdaq - listed SPAC with $276 million in trust, sponsored by Cartesian Capital Group, a global private equity group • The merger values Factorial at $1.1 billion • Existing Factorial shareholder
Slide 25: Conclusion
Conclusion Factorial’
Slide 26: A Singular Company, An Unmatched Opportunity
26 A Singular Company, An Unmatched Opportunity Market Tailwinds: Electrification, AI, & national security driving a global race for high - performance energy Superior Technology: Higher performance & lower total cost of ownership, compatible with today’s gigafactory lines Validated in the Real Worl
Slide 27: Risk Factors
27 The risk factors below have been prepared in connection with the proposed business combination (the “Business Combination”) between CGCIII and Factorial Inc, a Delaware corporation (together with its subsidiaries, “Factorial” or the “Company”) . All references to “ PubCo ” refer to the business o
Slide 28: Appendix
Appendix Factorial’
Slide 29: Factorial Solid-State Batteries
29 Factorial Solid - State Batteries Up to 80% more gravimetric energy density than conventional Up to 50% more volumetric energy density than conventional We Create Value for OEMs & Customers Vehicle Improvement 20% lighter for same energy Demonstrated 50% longer driving range More miles per charge
Slide 30: US Technology for Critical Infrastructure with a Global Vision
30 US - Technology for Critical Infrastructure with a Global Vision Massachusetts, USA Headquarters Advanced Solstice R&D lab Sales and Operations FEST ® pilot development and testing Cheonan, South Korea Prototype production and line validation for FEST ® Local supply chain Germany Applications eng
Slide 31: Proven Manufacturing
Proven Manufacturing Capital Light: Joint manufacturing to enable faster and broader market adoption Manufacturing Efficiency: More than 85% yield achieved for pilot line Quality Assurance: Delivering safe and reliable battery products Supply Chain: Optimizing for cost - efficiency with high synergi
Slide 32: Positioned to Win
32 Positioned to Win *: Publicly disclosed partnership, not including undisclosed names; Source: Compan y, QuantumScape 1 * Announced Auto OEM partners * 4 * ~ 5Ah Product size released 100+Ah Ducati Motorcycle September 2025 Real - world driving demonstration 1,205 km record drive by Mercedes EQS c
Slide 33: IQT: A Unique Investor to Factorial
IQT: A Unique Investor to Factorial in the National Security Supply Chain 33 Stated Mission: Be the premier partner trusted to identify, evaluate, and leverage emerging commercial technologies for the U.S . national security community and America’s allies Source: IQT Website Founded in 1999 by the
Slide 34: First Solid-State Production Program in the U.S. for Passenger Vehicles
34 • Launch of the first solid - state battery production program in the United States for retail passenger vehicles • Karma Kaveya, a high - performance ultra - luxury super car delivering over 1,000 horsepower and top speed in excess of 200 mph • Factorial’s FEST ® solid - state battery technology