Taiwan Battery Maker Said to Seek Funds at $2 Billion Value (1)

Taiwanese solid-state battery maker ProLogium Technology Co. is considering raising fresh funding at a valuation of about $2 billion to ramp up growth and investments, people familiar with the matter said.

The electric vehicle battery supplier, whose backers include Mercedes-Benz Group AG and Vietnam’s VinFast, is in talks with potential advisers to raise as much as $300 million, the people said. The funds would be used for the company’s capital expenditure plans for 2024, one of the people said, asking not to be identified because the matter is private.

ProLogium had previously considered options to go public including merging ...