Lyten Stock

Lyten, Inc, a pioneer in 3D graphene decarbonizing supermaterials, today announced it has raised $200 million as part of its over-subscribed Series B funding round to scale manufacturing and commercialize its first three product lines: Lithium-Sulfur batteries, lightweighted composites, and next generation IoT sensors.

Lyten's Chief Battery Technology Officer, Celina Mikolajczak, a former Tesla battery expert, is leading the company into a new era of lithium-sulfur batteries. Mikolajczak believes that lithium-sulfur batteries, which are lightweight and cheap due to the abundance of sulfur, could be critical to electric flight and heavy-duty trucking. She also suggests that these batteries could make electric vehicles and grid storage more affordable and accessible.

Lyten has launched an automated pilot line to produce lithium-sulfur batteries, which it claims offer a high energy density solution that could be attractive to the eVTOL sector. The company plans to begin commercial battery cell deliveries later this year. The U.S. Department of Defense's innovation unit will be among the early customers. The batteries are expected to cost about 50% less than conventional lithium-ion batteries in terms of materials.