Lyten Stock

lyten.comTransportation / Electric VehiclesFounded: 2015Funding to Date: $459.5MM

Lyten, founded in 2015, is an advanced materials company that produces lithium-sulfur batteries for electric vehicles. The batteries are designed to be different from their lithium-ion counterparts in that they are intended to weigh significantly less and store greater amounts of energy. The company also develops Internet-of-Things (IoT) sensors that are used in smart-home technology. Lyten is headquartered in San Jose, California.

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Lyten investors also invested in these private companies

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Team

Management Team

Joe Cruz
Co-Chief Technology Officer
Michael Stowell
Co-Chief Technology Officer
Keith Norman
Chief Sustainability Officer
Peter Schwartz
Chief Research & Development Officer
Daniel Cook
Chief Executive Officer & President
Lars Herlitz
Chief Financial Officer

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News Highlights

Lyten Raises $200M in Series B Equity Round

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.

Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era

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 opens automated battery pilot line to produce lithium-sulfur batteries

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.
Updated on: Jul 16, 2024

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