29 slides from Cartesian Growth Corporation Iii's SPAC merger presentation, Dec 18, 2025
Slide 1: Powering a Trillion-Dollar Shift in Mobility & Intelligence
Powering a Trillion - Dollar Shift in Mobility & Intelligence Factorial Inc. Solid - State Batteries for E - Mobility, Defense, & Robotics Investor Presentation | November 2025
Slide 2: Important Information
2 This Presentation (together with oral statements made in connection herewith, the “Presentation”) is for informational purposes only to assist prospective purchasers in a private placement in making their own evaluation with respect to a proposed business combination (the “Business Combination”) b
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
Our Solutions [r!] 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) : 1. = 50Wh/kg Anode Current Collector Cathode Cathode Current Collector S eparator Ano
Slide 10: Factorial Solid-State Batteries: We Create Value for OEMs & Customers
10 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 11: Validated Technology with Multi-Sector Scalability
11 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 12: High-Performance Drones Powered by Factorial
12 • 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 System (UAS). • The global UAS marke
Slide 13: 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 1,205 km Z Taare fit (+137 km remaining range) "| _ ona single battery charge aa ‘Copenhagen 3 } Hamburg, Hannover Stuttgart Cell breathing Passive batt brant y compensation Js rat Ling
Slide 14: Stellantis 2026 Dodge Charger Daytona Demonstration Fleet
14 • Dodge Charger Daytona demo fleet expected to be on the road in 2026 as part of the STLA Large platform. • STLA Large Platform houses brands, including Jeep® , Dodge , Chrysler , Alfa Romeo, and Maserati, & is designed to support up to two million vehicles globally. Stellantis’ 2026 Dodge Charge
Slide 15: Positioned to Win
15 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 16: 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. Global top 10 auto OEM Global top 10 auto OEM Leading equipment supplier Emerging Super Car maker Additional Industry Partners (MoU or Investment) Factorial’s partners market share 28% Total units in US
Slide 17: Our Technology Multiplies Addressable Markets
17 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, autonomous robotics, & consumer Energy Storage Off - grid energy stor
Slide 18: Our Business Model
Our Business Model [r!] Factorial’ o
Slide 19: Capital Light: Near-Term Commercialization Path
19 Capital Light: Near - Term Commercialization Path IP: Cell Design Product: Electrolyte Service: Process Engineering Commercial Relationship /Customer Demand Factorial Energy Industrialization Partner Licensing, Product, Service Revenue OEM Customers Technology Alignment Commercial Relationship Fa
Slide 20: Capital Light: FEST Utilizes 80% of Conventional Li-Ion Equipment
20 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 ® is using conventional Li - Ion cell assembly and cell finishing process eq
Slide 21: Our Leadership Team & Industry Leadership
21 Our Leadership Team & Industry Leadership 21
Slide 22: Founders & Management; Board Members & Senior Advisors
22 Jason Duva General Counsel Siyu Huang, Ph.D./M.B.A. Founder & CEO , Board Director Jay Scuteri Head of Finance 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 Panasoni
Slide 23: Our Industry Leadership: A Track Record of Firsts
23 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 24: Investment Opportunity
Investment Opportunity [r] Factorial’
Slide 25: A Compelling Opportunity
25 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 26: Conclusion
fon Conclus Factorial
Slide 27: A Singular Company, An Unmatched Opportunity
27 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 28: Risk Factors
28 The risk factors below have been prepared solely for purposes of the proposed private placement (the “Private Placement”) of securities relating to Cartesian Growth Corporation III (“CGCIII”) in connection with the proposed business combination (the “Business Combination”) between CGCIII and Fact
Slide 29: Risks Related to Our Intellectual Property
29 Risks Related to Our Intellectual Property • We rely heavily on our intellectual property portfolio . If we are unable to protect our intellectual property rights, our business and competitive position would be harmed . • Our patent applications may not result in issued patents or our patent righ