Lyten raises $200 million in capital

Published: September 13, 2023

The Stellantis-backed lithium-sulphur battery developer Lyten from California has raised a further $200 million in capital. The goal is to build up production and bring the first three product lines on stream.

Lyten’s Series B funding round was led by Prime Movers Lab, however, existing investors Stellantis, FedEx, Honeywell and Walbridge Aldinger also participated in the new round. Stellantis had already joined the young company in May to jointly develop applications for lithium-sulphur-based electric car batteries…

Read the full article here: https://www.electrive.com/2023/09/13/lyten-raises-200-million-in-capital/