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Lyten secures over $200 million in funding to enhance its acquisition strategy. The investment supports expansion in the US and Europe.

Jul 28, 20255 months ago

Amount Raised

$200 Million

San JoseManufacturingRenewable EnergyEnergy

Investors

Current Investors

Description

Lyten has announced over $200 million in additional equity investment, increasing total funding to over $625 million. The capital will accelerate its acquisition strategy and expansion plans in the US and Europe. This includes acquiring rights to Northvolt’s energy storage products. Lyten aims to meet immediate demand for battery solutions, independent of Chinese supply.

Company Information

Company

Lyten

Location

San Jose, California, United States

About

Lyten was founded in 2015. Lyten is a Silicon Valley-based pioneer of tunable three-dimensional graphene, which has demonstrated significant reductions in greenhouse gas emissions and will advance the transition to sustainable mobilityStellantis and Lyten to develop applications for advanced Lithium-Sulfur based EV batteries, vehicle lightweighting, and enhanced vehicle sensing solutionsLithium-Sulfur batteries have the potential to deliver more than twice the energy density of lithium-ion and represent an alternative, non-nickel-manganese-cobalt cathode solutionStellantis exploring all battery technology to meet the diverse needs of its broad customer base and ensure clean, safe and affordable mobility May 25, 2023, AMSTERDAM / SAN JOSE, Calif. –

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech